Decision usefulness is a pervasive constraint imposed upon financial accounting information.

Question

Quizplus · Accepted Answer

Decision usefulness is a fundamental objective or goal of financial accounting information, aiming to provide information that is useful for making economic decisions, rather than being a constraint. Constraints in accounting refer to limitations or guidelines that affect how financial information is reported, such as materiality or cost-benefit considerations.

Decision Usefulness Is a Pervasive Constraint Imposed Upon Financial Accounting