Question

Name the qualitative characteristics of accounting information

Answer 1

Accounting information qualitative characteristics are summarized below: In addition to the aforementioned characteristics (i.e., relevance, reliability, comparability, and consistency), the following qualities of accounting information affect its usefulness: understandability, materiality, and conservatism.

Answer 2

The qualitative characteristics of accounting information are :-

♥ Reliability

♥ Relevance

♥ Understandability

♥ Comparability