Indicate the qualitative characteristic of financial information being described in each item below:
(a) Financial statements should include all information necessary to portray the underlying transactions.
(b) Financial information should make a difference in a user's decision-making.
(c) Financial information should not favour one user or stakeholder over another.
(d) Financial information should reflect the economic substance of business events or transactions.
(e) Financial information should help users assess the impact of past, present, or future events.
(f) Financial information must be reliable and without errors or omissions.
(g) Financial information should help users confirm or correct their previous expectations.
(h) Financial information should be reported and measured in a similar way within a company and between different companies.
(i) Financial information should be of sufficient quality and clarity to permit reasonably informed users to assess the information's significance.
(j) Financial information should be available to users before it loses its ability to be decision-useful.
(k) Knowledgeable, independent users should be able to achieve similar results and consensus when accounting for a particular financial transaction.