The Qualitative Characteristics Describe the Attributes That Enhance the Usefulness

Multiple Choice

The qualitative characteristics describe the attributes that enhance the usefulness of financial reporting information.The IASB's conceptual framework sets forth the qualitative characteristic of _____ which refers to the attribute that users of financial reports will perceive the significance of a reported item to their decisions.Such perception involves comprehending the economic effects of a firm's actions and the measurement and reporting of those economic effects in the financial reports.

A) relevance
B) reliability
C) comparability
D) materiality
E) understandability