Below is a list of the qualitative characteristics identified in F SB Statement of Financial Accounting Concept No. 2. Following the list is a series of descriptive phrases. When information can make a difference in a decision Making information available when it is needed When accounting policies and procedures are unchanged from period to period. When information is verifiable and neutral. Occurs when the measurement results can be duplicated. The overall qualitative characteristic accounting information should possess. When information enables decision makers to confirm prior expectations When accounting information is reported the same way by different companies