FINANCIAL ACCOUNTING>IC<
15th Edition
ISBN: 9781119344988
Author: Kimmel
Publisher: WILEY C
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Chapter 2, Problem 15Q
To determine
Accounting Information: Accounting information to be useful to its users, must have the following characteristics as described by FASB (The Financial Accounting Standards Board) and IASB (The International Accounting Standards Board) jointly;
- Relevance
- Faithful Representation
- Comparability
- Verifiability
- Timeliness
- Understandability
To find out: The difference between the comparability and consistency characteristic of the accounting information.
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Chapter 2 Solutions
FINANCIAL ACCOUNTING>IC<
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