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FAPS- LESSON 1 > FRAMEWORK- ENHACING CHARACTERISTICS > Flashcards

FRAMEWORK- ENHACING CHARACTERISTICS Flashcards

1
Q

COMPARABILITY

A

MAKE FINANCIAL INFORMATION MORE USEFUL WHEN COMPARED WITH SIMILAR INFO.

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2
Q

VERIFIABILITY

A

DIFFERENT KNOWLEDGEABLE AND INDEPENDENT OBSERVERS COULD REACH CONSENSUS THAT A DESCRIPTIONIS FAITHFUL REPRESENTATION

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3
Q

TIMELINESS

A

INFORMATION IS AVAILABLE TO DECISION MAKE IN TIME

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4
Q

UNDERSTANDABILITY

A

INFORMATION IS PRESENTED CLEARLY AND CONCISELY

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FAPS- LESSON 1 (9 decks)

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