What are the primary qualities of accounting information that increase the usefulness to decision makers?

Question

Quizplus · Accepted Answer

The primary qualities of accounting information that increase its usefulness to decision makers are reliability and relevance. Reliability refers to the accuracy and consistency of the information, while relevance refers to the information's pertinence to the decision being made. While the other qualities listed (cost-benefit, comparability, and materiality) are important, they are not as critical as reliability and relevance.

What Are the Primary Qualities of Accounting Information That Increase