Accounting Peregrine - Study guides, Class notes & Summaries

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Accounting Peregrine Exam Questions & Answers Relevance - ANSWERSThe quality of information that indicates the information makes a difference in a decision. Reliability - ANSWERSthe quality of information that gives assurance that it is free of error and bias Comparability - ANSWERSAbility to compare the accounting information of different companies because they use the same accounting principles. Consistency - ANSWERSuse of the same accounting principles and methods from year to y...

Relevance - Correct Answer-The quality of information that indicates the information makes a difference in a decision. Reliability - Correct Answer-the quality of information that gives assurance that it is free of error and bias Comparability - Correct Answer-Ability to compare the accounting information of different companies because they use the same accounting principles. Consistency - Correct Answer-use of the same accounting principles and methods from year to year within a comp...