Which one of the following is a fundamental qualitative characteristic?
A)relevance
B)timeliness
C)understandability
D)comparability

Name: Which one of the following is a fundamental qualitative characteristic? A)relevance B)timeliness C)understandability D)comparability
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Relevance is considered a fundamental qualitative characteristic according to the conceptual framework for financial reporting. It means that financial information must be capable of making a difference in the decisions made by users.

Which One of the Following Is a Fundamental Qualitative Characteristic