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Financial Statements- Enhancing Qualitative Characteristics

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Financial Statements- Enhancing Qualitative Characteristics

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Created by

Nicole
Nicole
United Kingdom

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Financial Statements- Enhancing Qualitative Characteristics
 

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Financial Statements- Enhancing Qualitative CharacteristicsOnline version

Fill in the gaps to complete the sentences

by Nicole
1

Understandability Timeliness Verifiability Comparability

is where users should be able to use financial statements from other organisations to refer to when making decision s

2

Timeliness

is where information requested is given within a specified perio d

3

Verifiability

is where information can be checked to provide reliabilit y

4

Understandibility

means the statements should be clear , simple and concise for the users to follo w

 
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