determine the term- understandabilityaccounting
Determine the term- Understandability
Accounting reports must be expressed as clearly as possible and must be understood by those at whom the information is aimed.
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what points is necessary to meet users requirementsto meet these users requirements it can be argued that accounting information must possess certain
define the term relevance - accounting information accounting information should have the ability to influence decisions except this characteristic
state the term reliability- accounting information accounting must be free from significant error or bias it must be capable of being relied upon by
what is comparability this quality would enable users to identify changes in the business over time for instance trend in sales revenue over the
determine the term- understandabilityaccounting reports must be expressed as clearly as possible and must be understood by those at whom the
enumerate the characteristics of accounting informationqualities or characteristics which have just been depicted would help us to decide whether
state the benefits of accounting information benefits of accounting information ultimately decline cost of providing information though will rise
how the value of information received by decision makerhow the value of information received by decision maker eventually begins to decline this is
identify the various prices for jobto identify the various prices for job there are numerous points to be considered includinghow many garages shall
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