what are some qualitative characteristics of accounting information?
199917
['Verifiability.', 'Timeliness.', 'Understandability.', 'Comparability.']
247456
Qualitative characteristics of accounting information Relevance: information makes a difference in decision making. Reliability: information is verifiable, factual, and neutral. Comparability: information can be used to compare different entities. Consistency: information is consistently presented from year to year.
509112
['Comparability.', 'Verifiability.', 'Timeliness.', 'Understandability.']
583503
The two fundamental Qualitative characteristics are : Relevance. Faithful Representation.
881536
['The firm can make some year-end changes to their financial statements, to improve their ratios. ... ', 'Ratios ignore the price level changes due to inflation. ... ', 'Accounting ratios completely ignore the qualitative aspects of the firm. ... ', 'There are no standard definitions of the ratios.']
316827
['Dependence on historical costs. ... ', 'Inflationary effects. ... ', 'Intangible assets not recorded. ... ', 'Based on specific time period. ... ', 'Not always comparable across companies. ... ', 'Subject to fraud. ... ', 'No discussion of non-financial issues. ... ', 'Not verified.']
1274581
What are the three characteristics required for an accounting event? An accounting event must (1) be specific to the company for which the accounting records are kept, (2) be measurable in monetary terms, and (3) impact the entity's assets, liabilities, and/or owners' equity.
1077685
['Sound Forecasting.', 'An Adequate, Planned and Reliable Accounting System.', 'Efficient Organisation.', 'Formation of Budget Committee.', 'Cleanly defined Business Policies.', 'Availability of Standard Information.', 'Support of Top Management.', 'Good Reporting System.']
27253
Relevance and faithful representation are categorized as the fundamental qualitative characteristics of financial reporting information. The enhancing qualitative characteristics on the other hand include understandability, comparability, verifiability and timeliness).
1085188
Intangible assets have three main characteristics: (1) they are identifiable, (2) they lack physical existence, and (3) they are not monetary assets.
718054
Primary Decision-Specific Qualities Relevance and reliability are the two primary qualities that make accounting information useful for decision making.
128726
Relevance and faithful representation are the two fundamental qualities that make accounting information useful for decision-making. To be relevant, accounting information must be capable of making a difference in a decision.
130207
['Availability/accessibility. Information should be easy to obtain or access. ... ', 'Accuracy. Information needs to be accurate enough for the use to which it is going to be put. ... ', 'Reliability or objectivity. ... ', 'Relevance/appropriateness. ... ', 'Completeness. ... ', 'Level of detail/conciseness. ... ', 'Presentation. ... ', 'Timing.']
445477
Qualitative characteristic being employed when companies in the same industry are using the same accounting principles. ... Imperative for providing comparisons of a company from period to period. Comparability. Ignores the economic consequences of a standard or rule.
367231
Relevance and reliability are the two primary qualities that make accounting information useful for decision making.
1393030
['Quality # 1. Knowledge of Business: ... ', 'Quality # 2. Accuracy: ... ', 'Quality # 3. Time Sense and Foresight: ... ', 'Quality # 4. Alertness: ... ', 'Quality # 5. Honesty and Morality: ... ', 'Quality # 6. Initiative and Capacity to Make Decisions: ... ', 'Quality # 7. Ability to Co-Operate: ... ', 'Quality # 8. Consistency and Dependability:']
1453997
iv) What are the qualitative factor analysis models? ... Qualitative analysis is a securities analysis that uses subjective judgment based on unquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations.