Accounting

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Pre-written Papers:

Title: Accounting

Essay Details:

Subject: Business

Author: Bill E

Date: April 9, 2013

Level: University

Grade: B

Length: 1 / 271

Essay text:

The information has predictive value if users use it to take advantage of opportunities and its ability to react to adverse situation, the same information plays a confirmatory role in respect of past prediction. Reliability To be reliable, information has to be verifiable, free from material error and bias (Neutral). The information must represent faithfully, as it meets the recognition criteria while complete within the bounds of materiality and cost, to prevent information to be false or misleading which will result in unreliable, which leave no room for the substance over form. Prudence does not have quality of reliability for example it overstated or understated the assets or liabilities, the financial statements would not be neutral...

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