briefly describe the two fundamental qualities of useful accounting information ?​

Answers

Answer 1

Explanation:

Relevance and reliability are the two primary qualities that make accounting information useful for decision making.

Relevance: Relevant information is capable of making changes or differences in decision making by helping in forming predictions about the results of past, present, and upcoming events for correct expectations.

Accuracy: It depends on whether the information, numbers, and descriptions match what happened earlier and what exactly existed.


Related Questions

what is mission of the IASB?​

Answers

Answer: According to the Foundation, their mission statement is to "develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth, and long-term financial stability in the global economy."

Explanation: hope it helped! :)

Use GSS file for this spss problem. Calculate the 95% confindence interval for the following variables, comparing lower, working, middle, and upper classes, (CLASS) in the GSS sample. Use the explore procedure using class as your factor variable

Answers

A confidence interval is the mean of the estimate plus and minus the variation that is in that estimate.

What is a confidence interval?

Your information is incomplete as the data is not given. Therefore, an overview will be given. A confidence interval is the range of values you expect your estimate to fall between when you redo your test, within a certain level of confidence.

A 95% confidence interval means that we are to take 100 different samples and compute a 95% confidence interval for each sample, then 95 of the 100 confidence intervals will contain the true mean value.

Learn more about confidence interval on:

https://brainly.com/question/15712887

what is digital wellbeing? ​

Answers

Answer:

Digital well being is a term used to describe the impact of technologies and digital services on people's mental, physical, social and emotional health.

if a difference between two variables is statistically significant, which of the following can be concluded

Answers

Answer:

To determine whether the difference between two means is statistically significant, analysts often compare the confidence intervals for those groups. If those intervals overlap, they conclude that the difference between groups is not statistically significant. If there is no overlap, the difference is significant.

Explanation:

which type of mental function would be the strongest & most obvious

Answers

Answer:

the functionalist approach to society.

Explanation:

what is conceptual fraemwork? why is a conceptual fraemwork necessary in financial accounting​

Answers

Answer:

A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas.

Identify and correct the misconception about fractions in the following situations.if you cannot insert fractions in your explanations,then write the fractions in words,eg.three eighths. Tommy writes the fraction of the shaded part of the shape below as 3/5
[tex] \frac{3}{5} [/tex]

Answers

Answer:

Explanation:

Tommy's misconception in the problem below, is that his expression of the shaded area is the shaded area / non-shaded area, when the fraction for the shaded area should be the shaded area / total area

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

why is reproduction necessary?​

Answers

Answer:

reproduction is necessary to continue the existence of their races on the earth and balance in the eco system

If scores on a police officer entrance exam are normally distributed with a mean of 50 x
= 50) and standard deviation of 10 (s = 10), what standardized score (z-score) represents
a person with an exam score of 60 (x = 60)?

Answers

The standardized score or z-score that represents a person with an exam score of 60 will be z= 0.

What is a standardized score?

It should be noted that z score simply means the number of standard deviation by which the value of a raw score is either above or below the mean value.

In this case, the standardized score or z-score that represents a person with an exam score of 60 will be z = 0. This means that it's on the mean.

Learn more about z score on:

https://brainly.com/question/25638875

what are the basic financial statement as per the IFRS?​

Answers

A statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows. [tex][/tex]

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

Find the critical value z alpha/2 that corresponds to the given confidence level 84%

Answers

Answer:

c20

Explanation:

Other Questions
What were the terraced structures popular in mesopotamia called. In order to compare the two thermal conductivities ,a scientist pours hot water into two beakers .The two different insulators are wrapped around the beakers . The scientist records the intial temperatures of the hot water State two further measurements he scientist should make ( if you dont know please dont reply ) There needs to be a radical change in the system our society is built upon. A point of focus should be directed towards our existing infrastructure: are they built with sustainability in mind? If not, can they be adapted? These attitudes should be employed with every bit of architecture that is constructed, sustainably moulding a future in which the foundations of our societies are strong and exemplify eco-friendly outlooks. Does this make sense? If not how can I adapt it? Magnesium chloride is a salt formed with ionic bonds Read this passage from when birds get flu and cows go mad! by john diconsiglio. hughes was assigned to find infected cow parts at meat processing plants in washington. he remembers the sad look on some owners faces when he flashed his badge. if there was a chance that any of their meat might have mad cow, theyd have to throw it all away. "the business they built from scratch was destroyedthrough no fault of their own. and there was nothing they could do about it," hughes says. the tone in this passage most suggests that hughes is caring. dedicated. tense. worried. 20. Which of the following statements identifies the relationship between the Miller-Urey Experiment and thePrimordial Soup Hypothesis?Miller-Urey supported the Primordial Soup Hypothesis because it concluded that organic molecules could beproduced in the presence of certain inorganic conditions of early Earth.Miller-Urey disproved the Primordial Soup Hypothesis because it concluded that amino acids could beproduced in the presence of certain inorganic conditions of early Earth.Miller-Urey did not support the Primordial Soup Hypothesis because it did not prove the formation of organicmolecules through a lightning strike hypothesis.No relationship exists between the two. Name one thing you can do now to help prepare yourself for a career that interest you A rope is wrapped around a pulley many times. The pulley can be modeled as a solid disk of radius R and mass M, and a mass mA hangs vertically from the pulley. The mass is released from rest. show answer Incorrect Answer 25% Part (a) What is the magnitude of the tangential acceleration of the hanging mass? chose one of the highlighted themes in the image, and with the choice, argue whether the short story of flowers for Algernon better presents and defines that theme we chose or if the movie of flowers for algernon does a better job of defining that theme we chose 2. Which of these is NOT a similarity inthe governments compared in thevideo?O All 18 years olds can vote.O All Heads of Government arePresidents.O All Legislatures have 5 year terms.3 A sector with arc measure 72 has anarea of 80 square feet. Determinethe radius of the circle.A 18 ftC 12 ftB 20 ftD 16ft Which fighting tactic would the Viet Cong have been LEAST LIKELY to use during the Vietnam war?A.) HidingB.) LandminesC.) b00by traps D.) To what level of organization does a paramecium belong to? Use the graph of triangle JKL to answer A and Ba. Reflect JKL over the x-axis. Record the coordinates ofthe original and new image below.b. Describe what happened to the x and y coordinatesonce they were reflected.2 Use the coordinates of triangle QRS to answer a-b. whats a word for normalising something in a bad way i need it for an essay How will you share the responsibility without taking full responsibility or blaming sas? this is a delicate balance Your friend left their science project off until the "night before" and now they are frantic to build a home made weather station that can measure relative humidity. They build the standard two thermometer setup but their water had just been shut off and so they use salad oil on the wet bulb thermometer. Please describe how well their instrument will work and the physics behind your answer. Which of the following statements about area is not true?A. Area is the total space within the outside edges of a two-dimensional object. B. Area can be found by counting the number of unit squares that fill a space. C. Area is the total distance around the outside of a shape. D. Area is used to help describe the dimensions of a shape. Please help! will give brainlest! locks in 30 min! A bag contains 12 balls which are numbered from 1 to 12. If two ball are selected at random, what is the probability that the total sum of the balls will be an even number