Usefulness in decision making is the most important qualitative characteristic that accounting information should possess.

Name: Usefulness in decision making is the most important qualitative characteristic that accounting information should possess.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The primary objective of financial reporting is to provide financial information that is useful in making informed decisions, making usefulness the most important qualitative characteristic that accounting information should possess.

Usefulness in Decision Making Is the Most Important Qualitative Characteristic