State three qualities of useful financial information

      

State three qualities of useful financial information.

  

Answers


KevinNyabute
(a) Relevance - useful financial information should be able to influence economic users by helping them to evaluate past, present and future transactions or events.
(b) Comparability - good financial information should be able to offer a good comparison with the existing documents.
(c) Reliability - useful financial information should be free from material error or bias
kevinnyabute answered the question on February 21, 2018 at 08:25


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