FASB Statement of Financial Accounting Concepts No. 2 indicates several qualitative characteristics of useful accounting information. Following is a list of some of these qualities, as well as a list of statements and phrases describing the qualities. a. Benefits b. Decision usefulness c. Relevance d. Reliability e. Predictive value, feedback value, timeliness f. Verifiability, neutrality, representational faithfulness g. Comparability h. Materiality i. Relevance, reliability FASB Statement of Financial Accounting Concepts No. 2 indicates several qualitative characteristics of useful accounting information. Following is a list of some of these qualities, as well as a list of statements and phrases describing the qualities. a. Benefits b. Decision usefulness c. Relevance d. Reliability e. Predictive value, feedback value, timeliness f. Verifiability, neutrality, representational faithfulness g. Comparability h. Materiality i. Relevance, reliability