It is more important for financial accounting information to be comparable between firms than to be useful for managerial decision-making.

Name: It is more important for financial accounting information to be comparable between firms than to be useful for managerial decision-making.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Important criteria for financial accounting include comparability and decision relevance;decision relevance and timeliness are the important criteria for cost accounting.

It Is More Important for Financial Accounting Information to Be