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The The: Conceptual Franrework Reporting Lundamental of

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The two fundamental qualitative characteristics of accounting information under the Conceptual Framework for Financial Reporting 2010 are relevance and faithful representation. To be useful, accounting information must be relevant to decisions made by users and faithfully represent what it purports to represent.

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The two fundamental qualitative characteristics of accounting information under the Conceptual Framework for Financial Reporting 2010 are relevance and faithful representation. To be useful, accounting information must be relevant to decisions made by users and faithfully represent what it purports to represent.

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© All Rights Reserved

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0% found this document useful (0 votes)

13 views1 page

The The: Conceptual Franrework Reporting Lundamental of

Uploaded by

The two fundamental qualitative characteristics of accounting information under the Conceptual Framework for Financial Reporting 2010 are relevance and faithful representation. To be useful, accounting information must be relevant to decisions made by users and faithfully represent what it purports to represent.

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LJneler the Conceptual Franrework 1or Fir.

rancial Reporting 20t0, what are the two lundamental qualitative

c haracteristi cs of accou nti n g in lbrnr ation')

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