This post addresses the quality of accounting information.
Not what you're looking for?
One of our concepts deals with the quality of accounting information. Which quality do you consider most important? Explain why.
-Value of relevance, reliability, consistency, and comparability
Purchase this Solution
Solution Summary
The solution discusses which qualities are the most important when dealing with accounting information, and also explains the values of relevance, reliability, consistency, and comparability. The solution is written based on 25+ years of professional experience in the business and accounting industries.
Solution Preview
Reliability is definitely the most important quality for a financial statement. The financial statements are being prepared for the external users. The external users, including the shareholders, creditors, and others look at the company's financial statements and analyze them to determine if their money is safe within the ...
Purchase this Solution
Free BrainMass Quizzes
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media