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MatroZZZ [7]
3 years ago
13

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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Is taking risks a personal decision?
MatroZZZ [7]

Answer:

In my opinion....

Yes, somtetimes it's persoanl depending on the situation/risk in which you have to choose a side from. Example/Explanation is on bottom ↓

Explanation:

Personal risk  - <u>It is anything that exposes you to the risk of losing something of value.</u>

Usually, personal risk is associated with your financial investments and insurance. These investments may be in the stock market, mutual funds, or loans to others.

Risk - <u>It is the potential that a decision will lead to a loss or an undesirable outcome.</u>

In fact, almost any human decision carries some risk, but some decisions are much riskier/more risky than others.

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7 0
2 years ago
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Keith_Richards [23]

Explanation:

I can do it, how many pages do you want

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IRISSAK [1]
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Siapakah tokoh seni ragam hias??
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English please and thankyou
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