Match the descriptions in Column B with the proper terms in Column A. Column A 1. Financial

Match the descriptions in Column B with the proper terms in Column A.

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Column A 1. Financial reporting Column B a. Information is free of measurement method bias. b. The benefits exceed the costs. objectives. c. 2. Qualitative characteristics. 3. Relevance. 4. Predictive value. 5. Feedback value. 6. Timeliness. 7. Reliability. Relatively large items must be accounted for in a theoretically correct way d. The information can be substantially duplicated by independent measurers using the same measurement methods. e. When information improves users' ability to predict outcomes of events. f. Broad overriding goals sought by accountants engaging in financial reporting. 8. Representational g. faithfulness. h. 9. Verifiability. 10. Neutrality. 11. Comparability. 12. Consistency. 13. Cost-benefit. 14. Materiality When information is pertinent or bears on a decision. The characteristics that accounting information should possess to be useful in decision making. i. Information that reveals the relative success of users in predicting outcomes. j. When accounting statements on economic activity correspond to the actual underlying activity. k. When information is provided soon enough that it may be considered in decision making. 1. When information faithfully depicts for users what it purports to represent. m. Requires a company to use the same accounting principles and reporting practices through time. n. When reported differences and similarities in information are real and not the result of differing accounting treatments.