Page 10 - SBR Integrated Workbook STUDENT S18-J19
P. 10

Chapter 1




               1.2   Qualitative characteristics of useful financial information

               The Framework identifies types of information that are useful to the users of financial
               statements.


               Fundamental qualitative characteristics:

                    relevance and

                    faithful representation.

               Enhancing qualitative characteristics:


                    comparability

                    verifiability

                    timeliness and

                    understandability.


















































               4
   5   6   7   8   9   10   11   12   13   14   15