Which of the following is not an example of a qualitative characteristic guiding the production of financial accounting information?

Question

Quizplus · Accepted Answer

Consideration of economic and social consequences is not a qualitative characteristic guiding the production of financial accounting information. Qualitative characteristics like neutrality, representational faithfulness, and consistency and comparability are aimed at ensuring the information is useful, reliable, and comparable for decision-making purposes. Consideration of economic and social consequences, while important, is more about the impact of financial information rather than a characteristic of the information itself.

Which of the Following Is Not an Example of a Qualitative