IASB Conceptual Framework (2018) – Theory – 1

Often users of financial statements use them to forecast and practice future financial results. Which of the following characteristics of accounting information provides these users with the best predictive value?

Which of the following is an underlying assumption of the IFRS Conceptual Framework?

Under the Conceptual Framework, neutrality is an element of…

Under the Conceptual Framework, which of the following is a fundamental qualitative characteristic of useful information?

Information that has _____ is said to have relevance.

Which of the following characteristics enhances relevance and faithful representation?

According to the IASB Conceptual Framework, which of the following qualities helps users estimate and forecast future results?