The qualitative characteristic that says accounting information can influence users' decisions by allowing them to assess past performance is:
A)Timeliness.
B)Neutrality.
C)Confirmatory value.
D)Predictive value.

Question

Quizplus · Accepted Answer

Confirmatory value is the qualitative characteristic that allows accounting information to influence users' decisions by helping them evaluate or confirm their past evaluations or assessments. This means that the information is relevant to users' decisions about past events and can help them assess the accuracy of their previous expectations or predictions. It is considered a key qualitative characteristic of accounting information and is closely related to the concept of reliability.

The Qualitative Characteristic That Says Accounting Information Can Influence Users