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The qualitative characteristics that make accounting information useful for decision - making purposes are as follows. Identify the appropriate qualitative characteristic ( s ) to
The qualitative characteristics that make accounting information useful for decisionmaking purposes are as follows.
Identify the appropriate qualitative characteristics to be used given the information provided below.
a Qualitative characteristic being employed when companies in the same industry are using the same accounting principles.
b Quality of information that confirms users' earlier expectations.
c Imperative for providing comparisons of a company from period to period.
d Ignores the economic consequences of a standard or rule.
e Requires a high degree of consensus among individuals on a given measurement.
f Predictive value is an ingredient of this fundamental quality of information.
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