Question: SOALAN / QUESTION 2 Conceptual framework projects identity quaitative criferia that financial information shouid possess and it s useful for economic decision making. Exampies

SOALAN / QUESTION 2 Conceptual framework projects identity quaitative criferia that financial

SOALAN / QUESTION 2 Conceptual framework projects identity quaitative criferia that financial information shouid possess and it s useful for economic decision making. Exampies of affributes include relevant, faithful representation, verifiabilty, fimeliness, comparabilfy and understandabilty. Do you believe that financial information can, in reality, be considered having those qualitative characteristics? Explain and give examples fo support your arguments. (10m)

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