Accounting changes detract from which one of the following enhancing qualitative characteristics of accounting?
A)comparability
B)consistency
C)representational faithfulness
D)materiality

Question

Quizplus · Accepted Answer

Accounting changes detract from the comparability of financial statements. Comparability is the qualitative characteristic that allows users to compare a company's financial statements over time and with other companies. Accounting changes can make it difficult to compare financial statements because they can change the way that transactions are recorded and reported.

Accounting Changes Detract from Which One of the Following Enhancing