Question

A friend, who is not an accounting major, is interested in what makes accounting useful to decision makers. The friend asks, “I have a gut feel for what makes information useful to me, but how do you know what makes accounting information useful to users of financial statements? What qualities does useful accounting information have?”
Required:
Prepare a written response for your friend that identifies and explains the qualitative characteristics of useful accounting information.


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  • CreatedOctober 05, 2015
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