SAT College

what is meant by the term qualitative characteristics accounting information ?​

Answers

Answer 1

Explanation:

Qualitative characteristics are the tributes that make the information provided in financial statements useful to users. Accounting information that is reported to facilitate economic decisions should possess certain characteristics or normative standards.

Related Questions

explain the role of IFRS interpretation committee ?​

Answers

Answer:

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board.

Explanation:

The IFRS Interpretations Committee endeavours to reach a consensus on appropriate accounting treatment and provides authoritative guidance on the issue concerned. The interpretations issued by the committee are referred to as IFRIC Interpretations, taking their name from the previous name given to the committee, the International Financial Reporting Interpretations Committee (IFRIC).

:-befrank

what are the major financial statement ,and what is the difference between financial statement and financial reporting​

Answers

Answer:

I know what is the difference between financcial statement and financial reporting : Financial statements": balance sheet, income statement, statement of cash flows, and statement of changes in owners' or stockholders' equity. "Financial reporting": includes the basic financial statements and any other means of communicating financial and economic data to interested external parties.

for each item below ,indicate to which category of elements of financial statement it belong ...................section break (continues..............."(a) retained earning ,(b) depreciation (c),dividends ,(d),sales ,(e) loss on sale of equipment ,(f) gain on sale of investment (g),share premium ,(h) interest paybale (i), issuance of ordinary shares .​

Answers

Answer:

collage right

Explanation:

7. According to the passage, during Peru's World Cup
qualifying match against Brazil, the narrator's family's
emotions turned from:
A. excitement into sadness.
B. resentment into reconciliation.
C. gloom into anger.
D. pity into embarrassment.

Answers

Answer:

I think it's c

Explanation:

I searched it up and that is the only one that's I feel is right

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