Paige Company claims that its financial information is useful. Mention any four qualities that must be present in order to have "useful" accounting information? Explain these four qualities
Four qualitative characteristics of useful accounting information are relevance, reliability, comparability, and consistency.
Relevant information has the capacity to make a difference in a decision. It helps users predict future events or provides feedback.
Reliable information is dependable, verifiable, and free from bias.
Comparability allows comparisons to be made between or among companies.
Consistency refers to the application of the same accounting methods over time.
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Critics of RBC models argue that
A. they cannot be solved analytically. B. are subject to measurement errors. C. it is not possible to replicate the models. D. the models are estimated imprecisely.
Which of the following business practices focuses specifically on designing the organization and setting up processes to respond quickly to changes in the environment?
A) benchmarking B) outsourcing C) focusing D) accelerating E) globalizing
One way to handle conflict across cultures is by responding to what is going on rather than what you think is going on and clarifying messages by ______.
Fill in the blank(s) with the appropriate word(s).
In a ________, new products and marketing tactics are tested online in a virtual shopping environment
A) controlled test market B) simulated test market C) standard test market D) focus group E) survey