Which of the following is not a constraint of the Conceptual Framework's qualitative characteristic of timeliness?
A) The longer the delay in publication of the financial reports after the end of the financial period, the less relevant the information for decision-making purposes.
B) The frequency of the reporting period.
C) Preparing financial reports for a 12-month period.
D) Having information available in time to influence decisions.

Question

Quizplus · Accepted Answer

Preparing financial reports for a 12-month period is not a constraint of the Conceptual Framework's qualitative characteristic of timeliness, as it is a requirement for financial reporting rather than a constraint. The other choices are all constraints of timeliness, as they affect the relevance of the information provided in financial reports.

Which of the Following Is Not a Constraint of the Conceptual