Can you state and explain the two fundamental qualitative characteristics of accounting information?

Fundamental qualitative characteristics:

1. RelevanceThe characteristic of relevance implies that the information should have predictive and confirmatory value for users in making and evaluating economic decisions. The relevance of information is affected by its nature and materiality. Information is material if omitting it or misstating it could influence decision making. A financial report should include all information which is material to a particular entity.

1. Faithful representationThe characteristic of faithful representation implies that financial information faithfully represents the phenomena it purports to represent. This depiction implies that the financial information is complete, neutral and free from error.

Relevance is one of the fundemental qualitative characteristic that is to say information or data shared should be capable of making a difference in decisions by shareholders and another is faithful representation where by there should be no bias

Relevance

The financial information included in the Fss should be relevant for making financial decisions. Such information mainly is two types information on past events & information on Future events(provisions. disclosures).

Reliability

FSs consist of Reliable information. It means COMPLETENESS, ACCURACY & FREE FROM ERROR. Then we can improve the trustworthiness of the financial information used by other parties.

 

We can’t forget CYBER CREDIT GURU in a hurry. My husband was declared bankruptcy in 2019 (and we later on realized that the mobile home in which we lived was included). While I had a debt of $26k and about 9 negative items on my report. As a result, we couldn’t get a mortgage until we had our reports fixed. We were frustrated, there was absolutely nothing we could do until we encountered CYBERCREDITGURU (AT) GMAIL DOT COM / +1 (650) 4390624 via a positive review about them on a blog. Today we are in a house of our own, all negative items removed and score raised from 430, 470 respectively to 782 each in 6 days. Thanks to team CyberGuru!

 

Get $5,500 USD every day, for six months! See how it works. What'sApp : +393512615163

 

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so much testimony about how Dark Web hackers send them the atm blank card and use it to collect money in any atm machine and become rich. 

Email :

 

Hangout :

 

What'sApp : +393512615163

 

They also sent me the blank atm card. I have used it to get 90,000 dollars. withdraw the maximum of 5,000 USD daily. The Dark Web is giving out cards just to help the poor. Hack and take money directly from any atm machine vault with the use of an atm programmed card which runs in automatic mode.

I highly recommend DR Harmony to anyone in need of help.It's unbelievable how fortunate I felt after finding your email. For the past 2months, I have been so depressed after losing my fiancé to another woman. My money situation worsened so much that I thought I'd have to file for bankruptcy. I had a huge amount of debt and I didn't know what to do. Out of complete and total desperation, I contacted many of those so-called individuals who promised powerful magic, witchcraft or black magic. None of them worked, and none were as wonderful, affectionate and warm as Dr Harmony has been. It is definitely different from the others and I felt immediate hope and strength from hearing about the promises he had to offer. He carries an air of purity and divine strength that is as pure as fresh snow on the ground. I requested Dr Harmony's most powerful spells and I was relieved right away that I had someone to solve my problems for me. His spells worked wonders and I am now back with my fiancé and my money troubles resolved itself after winning the lottery.(harmonyspelltemple@gmail.com) I have no idea what I would have done without you being there to help me out. Whats*pp +1 (404) 919-5577. Best regards. https://ineedmyexbackurgentlydrharmonyspell.blogspot.com/ https://web.facebook.com/How-to-get-your-ex-back-urgently-104950914180340

Please NOTED ; That there is always a herbal cure designated/made for each and every diseases and infections out there... herbal medication has been tested and proven right to cure several disease and infections... many which the hospital labels incurable , but herbal medication has been able to cure then successfully.  saying there is no cure for HIV, HSV , HPV, DIABETES , HEPATITIS B, etc, its very wrong , i have used and benefited from herbal medicine it works perfectly and am 100% cured from HSV, and also i have  interact with several people who have been cured from this various diseases with the use of herbal medicine and i will like you to try herbal medicine for any infections or disease you are suffering of , don't just conclude that there is no cure for all that infections cause the big pharmaceuticals companies want you to believe that, its hard time you start looking things from other perspective , ask yourself how come about the virus in the first place ? ask yourself before these pharmaceuticals companies, how were people treating diseases and infections ? and why is it that fruits and vegetables are very essentials to the body system ? there are many questions that are left unanswered , what i will advice anyone who truly seek a solution to his or her problem is to get herbal medication and see how it works .  i got the herbal medicine i use through a herbalist Dr Ofua Ofure ,  you too can do the same and get cured, 

 here are his contact,  

Email:

Tel/Whatsapp: +2347059497969

Website : https://dr-ofua-ofure-herbal-healing-home.business.site

Thank You!!

get in touch with me;

Hello everyone, my name is Lisa Philip from UK living in USA. I am very happy to be here to let the world know how happy i am ever since Dr Marabul restore back my relationship. My husband has always be a very loving man but some how i don't know how my best friend cast a spell on my husband that make my husband leave me and our 2 years old son, i have been suffering for the past 4 months because my life was ruin after 6 years of marriage my husband just let me for another woman. I heard how people was testifying about how this man has help then and i decide to give it a try and see if my husband can still come back to me because i love him so much and i don't want to loose my husband for any woman. When i contact this man he told me what to do and i did exactly just as he has instructed me to do and told me that my husband will call me within 12hrs and he will be back home within 48hrs, i thought how is this going to be possible because my husband has left me for over 4 months will just call me and pleaded for my forgiveness, to my surprising my husband that i know called me and starting asking for forgiveness and said he didn't know what came over him. I can proudly tell the world that i and my husband has been together for 6 months now and no problem, he now love me more than we use to be and i can say that we have rediscover our love back again. All thank to Dr Marabul for bringing back my love. If you have any problem for your relationship or marriage don't keep silent fight for your right and i urge you to contact this man he will be the answer to your problem.  You can contact him on or WhatsApp him on +2207835430.

Objectivity, integrity,accuracy and relevancy

Relevance and Faithful representation.

When the unthinkable happened and a valued Bitcoin wallet was lost, I was hopeless and lost. But thanks to the expertise of "GHOST CHAMPION RECOVERY PRO, the trending Ethical hackers and PI on the web made this miraculous recovery possible. This highly skilled team of cyber digital punks swung into action, the minute I reported a bunch of losers who almost made me lose my digital assets investment. Leveraging on these scammer's weaknesses and using their deep technical knowledge and cutting-edge tools to trace cryptocurrency already sent out. Through meticulous analysis and tenacious private investigative prowess, they were able to pinpoint the exact location of the missing Bitcoin, which had become entangled in the complex web of online transactions. GHOST CHAMPION RECOVERY PRO carefully extracted the valuable cryptocurrency, navigating the labyrinth of code and cryptography that stood in their way. It was a triumph of human ingenuity over technological complexity - a remarkable feat that left the grateful owner in awe. In the end, the lost Bitcoin was restored, the crisis averted, and faith in the power of digital asset recovery was renewed. GHOST CHAMPION RECOVERY PRO has once again demonstrated its unparalleled ability to solve even the most daunting cryptocurrency conundrums, emerging as a true hero in the high-stakes world of digital finance. It was not a good experience for me when I lost my bitcoin of 205,000 USDT, I had nothing to do until someone told me about GHOST CHAMPION RECOVERY PRO. I gave them a chance and today I am grateful for it. Get GHOST CHAMPION RECOVERY PRO to get your lost bitcoin back via: ( )
Telegram : https://t.me/WizardGhosthacker