What are the four main qualitative characteristics of financial statements?

What are the four main qualitative characteristics of financial statements? characteristics are the attributes that make the information provided in financial reports useful to users. As figure 1 shows, the four principal qualitative characteristics are understandability, relevance, reliability and comparability (IASB, 2006). What are the qualitative characteristics of financial statements? Qualitative characteristics are the qualities … Continue reading What are the four main qualitative characteristics of financial statements?