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Q2: The following are the fundamental and enhancing qualities stated in the conceptual framework: 1. Relevance 2. 3. Verifiability 4. Predictive 5. Faithful representation Materiality

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Q2: The following are the fundamental and enhancing qualities stated in the conceptual framework: 1. Relevance 2. 3. Verifiability 4. Predictive 5. Faithful representation Materiality value 6. Neutrality 7. Timeliness 8. Understandability 9. Comparability 10. Confirmatory value Required Write down in the box provided (column B) which qualities best match each of the following statement. ut Paragraph 1011owing statement 19 Styles Editing You can copy the Table into your answer page or use number from 1-10. No A: Statements B: Qualities A. Companies are required to report periodic financial information for comparison purposes. B. Two qualities of useful accounting information that company needs to disclose for decision-making purposes. C. Company reports a significant item that affects its income figure. D. Measurement on accounting information has high degree of consensus among various users. E. A company overstated its income. F. A company released its interim profit. G. A company disclosed its value of assets based on historical cost. H. Company provides accounting information that helps users predict its forecasted income. 1. Accounting information provided does not favour any user group. J. Reported interim profit confirms users' expectations

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