The following characteristics, assumptions, principles, or constraint guide the FASB when it creates accounting standards. Relevance Faithful representation Comparability Consistency Monetary unit assumption Economic entity assumption Expense recognition principle Time period assumption Going concern assumption Historical cost principle Full disclosure principle Materiality Match each item above with a description below. Ability to easily evaluate one company's results relative to another's. Requirement that a company will continue to operate for the foreseeable future. The judgment concerning whether an item's size is large enough to matter to decision- makers