Because accounting information is highly objective and quantitative in nature, it is not subject to uncertainties or management bias.

Question

Quizplus · Accepted Answer

Accounting information can be subject to uncertainties and management bias, such as with estimates for future cash flows or the choice of accounting policies. However, there are measures in place to mitigate these factors, such as requiring proper disclosure and adherence to accounting standards.

Because Accounting Information Is Highly Objective and Quantitative in Nature