Question

The characteristics of accounting are lo

Answer 1

A company’s decision-makers must be able to trust the accounting information provided by the accounting department. A company uses its financial data and other accounting information to make decisions that can affect its position within the market. Having accurate accounting data is the means a company uses to steer in the direction it needs to go. Some important characteristics of accounting theory include relevance, reliability, materiality and consistency.

I hope it helps you