Here are some qualitative characteristics of useful accounting information: 1. Predictive value 3. Verifiable 2. Neutral 4.

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Here are some qualitative characteristics of useful accounting information:

1. Predictive value 3. Verifiable 2. Neutral 4. Timely Match each qualitative characteristic to one of the following statements.

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(a) Accounting information should help provide accurate expectations about future events.

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(b) Accounting information cannot be selected, prepared, or presented to favor one set of interested users over another.

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(c) Accounting information must be proved to be free of error.

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(d) Accounting information must be available to decision makers before it loses its capacity to influence their decisions.

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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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