Under the Framework,the qualitative characteristic of relevance is described as:
A)information that is of value to users in decision making.
B)information that is understandable
C)information that can be recorded in accounting reports.
D)information that can be reliably measured.

Question

Quizplus · Accepted Answer

The qualitative characteristic of relevance refers to information that is of value to users in decision making. This means that the information must be capable of influencing the actions or decisions of the users. Information that is not relevant will not have any impact on the decisions of the users, and will therefore be of little use to them.

Under the Framework,the Qualitative Characteristic of Relevance Is Described As