Match the descriptions in Column B with the accounting qualities in Column A. Use some descriptions more than once.

Column A: Accounting Qualities

1.Relevance

2.Confirmatory value

3.Decision makers

4.Faithful representation

5.Free from error

6.Comparability

7.Benefits exceed costs

8.Predictive value

9.Timeliness

10.Decision usefulness

11.Verifiability

12.Understandability

13.Neutrality

14.Materiality

Column B: Descriptions

a.Users of accounting information

b.Pervasive constraint

c.Objective of financial reporting

d.Fundamental qualitative characteristics

e.Qualities/ingredients of fundamental qualitative characteristics

f.Enhancing qualitative characteristics

g.Entity specific threshold for recognition