useful information" Relevent, Reliable, Complete, Timely, Understandable, Verifiable, Accessible." Identify which of the criteria is violated in the below situations: a) Joe and Bob are both conducting a bank reconciliation. They are using the same reports and information, but come to different answers b) A job applicant fails to tell the interviewees that he was previously in jail for murdering his former boss. c) Dr. Goldstein's father-in-law is vacationing in Myrtle Beach for the winter, and frequently calls Dr. G. in the morning to tell him the temperature in Mrytle Beach, even though Dr. G. is in Buffalo. d) The computer system crashed and Mr. Jones could not obtain the information he needed for an important meeting. We find that they use the same settlement method, but they make a mistake because they do not work together or that the method of accessing the data is incorrect, and this works to make each of them get different answers. The student has indeed failed to inform this matter, but this information can be accessed through his own file in the system. Besides, this will show a negative side and be rejected because they will become afraid for themselves and the company. He wants to communicate with him and inform him of the updates, and this works to give him useful information. In addition to that, this works to document the matter because he is friendly. This is considered inappropriate because he cannot obtain the data; besides that, he will be negatively affected and unreliable.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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useful information" Relevent, Reliable, Complete, Timely, Understandable, Verifiable, Accessible." Identify which of the criteria is violated in the below situations:

a) Joe and Bob are both conducting a bank reconciliation. They are using the same reports and information, but come to different answers

b) A job applicant fails to tell the interviewees that he was previously in jail for murdering his former boss.

c) Dr. Goldstein's father-in-law is vacationing in Myrtle Beach for the winter, and frequently calls Dr. G. in the morning to tell him the temperature in Mrytle Beach, even though Dr. G. is in Buffalo.

d) The computer system crashed and Mr. Jones could not obtain the information he needed for an important meeting.

We find that they use the same settlement method, but they make a mistake because they do not work together or that the method of accessing the data is incorrect, and this works to make each of them get different answers.

The student has indeed failed to inform this matter, but this information can be accessed through his own file in the system. Besides, this will show a negative side and be rejected because they will become afraid for themselves and the company.

He wants to communicate with him and inform him of the updates, and this works to give him useful information. In addition to that, this works to document the matter because he is friendly.

This is considered inappropriate because he cannot obtain the data; besides that, he will be negatively affected and unreliable.

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