Short Exercises Objectives and Qualitative Characteristics SE 1. Identify each of the following statements as related to either the objective ( O) of financial information or a qualitative (Q) characteristic of accounting information. 1. Information about business resources, claims to those resources, and changes in them should be provided. 2. Decision makers must be able to interpret accounting information. 3. Information that is useful in making investment and credit decisions should be furnished. 4. Accounting information must exhibit relevance and faithful representation. 5. Information useful in assessing cash flow prospects should be provided