Explain qualities (or characteristics) that users
expect
information that they produce to have, so as to be
considered useful for decision-making; and give
practical examples to illustrate your answer.
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Qualities of good information that can be considered useful decision making can be as:
Explain qualities (or characteristics) that users expect information that they produce to have, so as to...
Question 2 Give three categories of management information and provide two qualities or characteristics of each category, and an example of each category. In a tabular format given below, name the three basic levels of financial information systems in a typical business organization and state in each case the kind of support that each give to management in decision making. Provide two sub-systems under each level. Basic Level Support to Management Sub-systems
to Question #2:" and formally answer the following question: Of the seven characteristics of information in Table 1-1 of the course textbook, identify the one that is most directly enhanced using the caption feature. Explain why. JUJU JUTUNUDULILUUDUJULIU LUL12SUURLE-Uumeris 1: Accounting Information Systems: An Overview "able 1-1 Characteristics of Useful Information Relevant Reduces uncertainty, improves decision making, or confirms or corrects prior expectations. Reliable Free from error or bias; accurately represents organization events or activities. Complete Does not omit important...
What qualities does accounting information need to have in order to be useful for decision making? a. Relevance and Faithful Representation Amounts, b. Timing & Uncertainty Relevance, c. Timeliness & Materiality Solvency, d. Leverage & Flexibility
Discuss the term business processes; and explain how computer-based information systems can help users to increase the efficiency an organization’s business processes. Use appropriate examples to illustrate your answer.
Some species of plants produce relatively modest numbers of seed most years, but every so often the entire population produce massive amounts of seeds (masting). Explain how this relates to seed predation and give examples to illustrate your answer.
Analyze the two primary qualities of useful accounting information and give your opinion on whether you agree with the two primary qualities. Suggest to FASB one additional primary quality that would enhance accounting usefulness. Provide two examples to support your suggestion. PLEASE INCLUDE ANY REFERENCES USED IN APA FORMAT
VISINI quamative characterist is nur present? E2.3 (LO2) video (Qualitative Characteristics) The qualitative characteristics that make accounting information useful include: Relevance Neutrality Representational faithfulness Verifiability Completeness Understandability Freedom from crror Timeliness Comparability Feedback value Consistency Predictive value Instructions Identify the appropriate qualitative characteristic(s) to be used given the information provided below. a. The qualitative characteristic being employed when companies in the same industry are using the same accounting policies. b. Quality of information that confirms users' earlier expectations. c. Necessary...
Explain what is meant by ‘strategic recruitment’. Give practical examples to illustrate your answer.
Q33 How can information technology support a company’s business processes and decision making and give it a competitive advantage? Give examples to illustrate your answer. [3 Marks] PLEASE DO NOT WRITE THE ANSWER - USE WORD FORMAT. NO PLAGIARISM PLEASE
Scenario: Accounting information provides useful information about business transactions. Those who provide and use financial reports must often select and evaluate accounting alternatives. The FASB statement on qualitative characteristics of accounting information examines the characteristics of accounting information that make it useful for decision-making. It also points out that various limitations inherent in the measurement and reporting process may necessitate trade-offs or sacrifices among characteristics of useful information. Task: In the discussion, explain both characteristics, and give an example of...