I agree that relevant information is important because it will enable management to make more informed decisions that will benefit the firm...Also,Information is relevant if it helps users of the financial statements in predicting future trends of the business (Predictive Value) or confirming or correcting any past predictions they have made (Confirmatory Value).

Class,

Briefly discuss Predictive value and Confirmatory value and give your opinion on if it is useful for decision making.Provide an example to support your opinion.