Timeliness, quality, completeness, relevance, and understandability are characteristics of useful information.

Question

Quizplus · Accepted Answer

These are the five characteristics of useful information, according to the Generally Accepted Accounting Principles (GAAP) guidelines. Timeliness means the information is available when needed, quality means it is accurate and reliable, completeness means it includes all necessary information, relevance means it is useful for the user's purposes, and understandability means it is presented in a clear and concise manner.

Timeliness, Quality, Completeness, Relevance, and Understandability Are Characteristics of Useful