JBL has changed its depreciation method in this year. The change in the depreciation method, has resulted in variations in the financial performance and position figures in the financial statements. The change was simply to make the depreciation method consistent to that used by other firms the industry. The change and its impact were fully explained in the notes to the financial statements.

Task:

Explain how this scenario illustrates an enhancing qualitative characteristic of financial information that is present and why it is present.