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Differences between two sets of economic phenomena

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Reference no: EM13513780

Match the qualitative characteristics below with the following statements.

1. Relevance
2. Faithful representation
3. Predictive value
4. Confirmatory value
5. Comparability
6. Completeness
7. Neutrality
8. Timeliness

(a) Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena.

(b) Having information available to users before it loses its capacity to influence decisions.

(c) Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.

(d) Information that is capable of making a difference in the decisions of users in their capacity as capital providers.

(e) Absence of bias intended to attain a predetermined result or to induce a particular behavior.

Reference no: EM13513780

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