what are the 4 quality characteristic of accouning information
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hey there here's ur answer !
1) 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.
2) Qualitative characteristics of accounting information that impact how useful the information is:
Verifiability.
Timeliness.
Understandability.
Comparability.
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