Question

explain qualitative characteristic of accounting timeliness​

Answer 1

Answer:

Timeliness. The last enhancing qualitative characteristic discussed in the IASB (2010) conceptual framework is timeliness. The framework defines timeliness as having information available to decision makers before it loses its capacity to influence .

Answer 2

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Timeliness is how quickly information is available to users of accounting information. ... For example, if a company issues its financial statements a year after its accounting period, users of financial statements would find it difficult to determine how well the company is doing in the present.