Question

attributes of accounting

Answer 1

Explanation:

ATTRIBUTES OF ACCOUNTING. Hierarchy of Qualitative Information Understandability Decision Usefulness Relevance Predictive Value Feedback Value Timeliness Reliability Verifiability Neutrality Representational Faithfulness Comparability and Consistency.

In order to assess whether accounting information is decision useful, it must possess the characteristics of reliability, relevance, understandability and comparability.

Answer 2

Explanation:

ATTRIBUTES OF ACCOUNTING :

Hierarchy of Qualitative information understandably decision usefulness relevance predictive value feedback value timeline reliability verification neutrality representational faithfulness comparatively and consistency .