FASB board members make standard-setting decisions guided by a conceptual framework that addresses the qualitative characteristics of accounting information. Which of the qualitative characteristics of accounting information holds that the information should facilitate comparisons across firms and over time?
A)Relevance
B)Reliability
C)Comparability.
D)Subjective
E)all of the above

Question

Quizplus · Accepted Answer

Comparability is the qualitative characteristic that holds that the information should facilitate comparisons across firms and over time. Relevance refers to information that is capable of making a difference in a decision. Reliability refers to information that is free from error and bias. Subjectivity refers to judgments or opinions that may vary between individuals or groups.

FASB Board Members Make Standard-Setting Decisions Guided by a Conceptual