Besides identifying materiality as the threshold quality, the Framework issued by IASB identifies four others as primary

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Besides identifying materiality as the threshold quality, the Framework issued by IASB identifies four others as primary qualitative characteristics that make financial statements useful. Which are these?

(i) Substance over form

(ii) Relevance

(iii) Prudence

(iv) Faithful representation

(v) Comparability

(vi) Timeliness

(vii) Reliability

(viii) Neutrality

(ix) Consistency

(x) Understandability

(xi) Completeness

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 31, 2023 02:25 AM

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Besides identifying materiality as the threshold quality, the Framework issued by IASB identifies four others as primary

Question:

a i, ii, iii, iv bii, vii, ix, x civ, v, vii, xi dii, v, vii, x

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Financial Accounting An Introduction

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