Answer:
a) Comparability
b) Confirmatory Value
c) Comparability (Consistency)
d) Neutrality
e) Verifiability
f) Relevance
g) comparability, timeliness, verifiability, understand-ability
h) Materiality
i) faithful representation
j) Relevance, faithful representation
k) timeliness
Explanation:
Comparability provides for information to be comparable with businesses in same industry, or with its own past performances.
Confirmatory Value is the value that was initially expected and turns out to be the same as expected, as for example sales forecast.
Consistency refers to the value where same methods are applied in order to keep the reports consistent.
Neutrality refers to the quality of information where it does not depend on some particular situation and is not biased in any manner.
Verifiability refers to the information which is verifiable that means that can be checked again whether the presented information is correct or not.
Relevance refers to the quality of being important, whether at that particular time the information is relevant for the concerned argument.
Timeliness refers to the quality of information that is prepared and presented at the concerned time. As for example the financial statements of the year 2010 shall be prepared by the end of 2010, additional time if any is allowed that shall be given but accounts shall be prepared in the additional time allowed.
Understand ability refers to the quality of information that it shall be easily interpreted to the desired results and should be easy to understand.
Materiality refers to the quality of information that will make an impact, if the information do not make any impact it shall not be material.
Faithful representation refers to the quality that the information is true and not false in any intentional manner.
