Qualitative Characteristics of Accounting
3 Objective of Accounting. Following are the qualitative characteristics of accounting information. Qualitative Characteristics Of Accounting Accounting Accounting Information Financial Accounting 31 To keep Systematic Records. . There are mainly five types of financial statements. It helps users make predictions about future events. 23 Secondary Characteristics of Accounting-. Relevance is the most important qualitative characteristics of accounting information. 32 To Protect Business Properties. Reliability means the users. The qualitative characteristics of accounting information are important because they make it easier for both company management and investors to utilize a companys. 34 Ascertain the Financial. Accounting information is reliable to the extent that users can depend on it to represent the economic conditions or events that it purports to represent. Accounting deals with ...