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Question 37 1 points Save Answer Information is provided to users for their decision-making purposes and the fundamental role of accountants' is the provision of
Question 37 1 points Save Answer Information is provided to users for their decision-making purposes and the fundamental role of accountants' is the provision of financial information. For information to be useful, it should have the fundamental qualities of: . Accuracy Timeliness User-focus and format Now examine the following statements concerning the nature of information: i. Information is a collection of data that has been assembled, processed and effectively communicated to entitled users. ii. For information to be useful and to ensure accuracy, it must be prepared using a computer system and the appropriate software. iii. Accounting information is provided in order to support the financial decision-making requirements of entitled users. iv. The purpose of information system feedback is to classify, aggregate and summarise input data for efficient processing and output. Which of the above statements are true? a. None of them. b. ii, iii, and iv. O c. i and ili. d.ji and iv
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