Financial information that is capable of making a difference in a decision is

Question

Quizplus · Accepted Answer

Relevant financial information is capable of making a difference in a decision because it is directly related to the issue at hand and helps decision-makers evaluate the options available to them. Faithful representation, convergence, and generally accepted accounting principles are important aspects of financial reporting but do not necessarily indicate the relevance of the information.

Financial Information That Is Capable of Making a Difference in a Decision