Briefly describe the two fundamental qualities of useful accounting information ?

SAT

1 answer:

Sindrei [870]3 years ago

8 0

Explanation:

Relevance and reliability are the two primary qualities that make accounting information useful for decision making.

Relevance: Relevant information is capable of making changes or differences in decision making by helping in forming predictions about the results of past, present, and upcoming events for correct expectations.

Accuracy: It depends on whether the information, numbers, and descriptions match what happened earlier and what exactly existed.

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Briefly describe the two fundamental qualities of useful accounting information ?​

Briefly describe the two fundamental qualities of useful accounting information ?