To be considered information, accounting information must affect or potentially affect a

Question

Question

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

To be considered information, accounting information must affect or potentially affect a business decision.

If only accounting information have an impact on decison , it is considered to be qualitative in nature.

Add a comment

Answer 2

Similar Homework Help Questions

Which of the following must be considered in estimating depreciation on an asset for an accounting...

Which of the following must be considered in estimating depreciation on an asset for an accounting period? a. The original cost of the asset b. Its useful life c. The decline of its fair value d. Both the original cost of the asset and its useful life
Sleep Apnea is considered a potentially dangerous sleep disorder and a a. heart malfunction b. neurological...

Sleep Apnea is considered a potentially dangerous sleep disorder and a a. heart malfunction b. neurological disorder c. respiratory disorder d. psycotic disorder
This assignment has 3 parts: How do accounting policies and practices affect financial accounting information used...

This assignment has 3 parts: How do accounting policies and practices affect financial accounting information used for "external" decision making purposes? What governing and oversight bodies exist to help ensure timely and accurate reporting of financial information by publicly traded companies? How do internal controls help ensure that financial results are accurately and fairly presented for use by external users?

Which of the following statements is not true? Relevant accounting information must be capable of making...

Which of the following statements is not true? Relevant accounting information must be capable of making a difference in a user's decision. For accounting information to be relevant, it must have timeliness. Faithful representation means information must be neutral, complete, and free from error. Comparability means using different accounting principles from year to year within a company.
Which of the following would likely be considered an internal user of accounting information rather than...

Which of the following would likely be considered an internal user of accounting information rather than an external user? A.Stockholders. B.Consumer groups. C.Lenders. D.Middle-level managers. E.Government agencies.
Need help with this question. How do reported accounting information affect individual's decisions and perceptions about...

Need help with this question. How do reported accounting information affect individual's decisions and perceptions about a company? Give two examples (one positive and one negative) and cite your reference.

After an exposure incident involving potentially infected bodily fluids, you must: Immediately cleanse punctures or cuts...

After an exposure incident involving potentially infected bodily fluids, you must: Immediately cleanse punctures or cuts (and surrounding areas) with soap and water, and/or flush eyes, nose or mouth with copious amounts of tap water Report the incident to exposed individual's instructor or supervisor Ensure that the exposed individual receives medical attention promptly The treating healthcare professional must be provided with the information on the "Exposure Incident Reporting Form All of the above
Whereas ______________ would generally be considered to structured data, _____________ would generally be considered to be...

Whereas ______________ would generally be considered to structured data, _____________ would generally be considered to be unstructured data. financial statements; product reviews product reviews; financial statements Instagram pictures; product reviews geographic images; firm budget To be useful to decision makers, accounting information must be ____________ and exhibit faithful representation. reliable free from error relevant neutral
Accounting Information system

Multiple Choice Questions1.An accounting information system is a set of interrelated:A. Activities and documents only.B. Activities and technologies only.C. Documents and technologies only.D. Activities, documents and technologies.2.The components of an accounting information system are designed to collect ___ and report ___.A. Data; informationB. Data; dataC. Information; informationD. Information; data3.An accounting information system is defined by the text as a set of three interrelated elements. Which of the following choices best gives an example of each element?A. Buying inventory, selling inventory,...

1-(2.5 points) Suppose that you want to investigate the factors that potentially affect cooking rice. a-What...

1-(2.5 points) Suppose that you want to investigate the factors that potentially affect cooking rice. a-What would you use as a response variable in this experiment? How would you measure the response? b-List all of the potential sources of variability that could impact the response. c-Complete the first three steps of the guidelines for designing experiments in Section 1.4 of the book. 2-(2.5 points) Suppose that you want to compare the growth of flowers with different conditions of sunlight, water,...

To be considered information, accounting information must affect or potentially affect a

Homework Answers

Add Answer to:
To be considered information, accounting information must affect or potentially affect a

Post as a guest

Earn Coins

Which of the following must be considered in estimating depreciation on an asset for an accounting...

Sleep Apnea is considered a potentially dangerous sleep disorder and a a. heart malfunction b. neurological...

This assignment has 3 parts: How do accounting policies and practices affect financial accounting information used...

Which of the following statements is not true? Relevant accounting information must be capable of making...

Which of the following would likely be considered an internal user of accounting information rather than...

Need help with this question. How do reported accounting information affect individual's decisions and perceptions about...

After an exposure incident involving potentially infected bodily fluids, you must: Immediately cleanse punctures or cuts...

Whereas __ would generally be considered to structured data, _ would generally be considered to be...

Accounting Information system

1-(2.5 points) Suppose that you want to investigate the factors that potentially affect cooking rice. a-What...

To be considered information, accounting information must affect or potentially affect a

Homework Answers

Add Answer to: To be considered information, accounting information must affect or potentially affect a

Post as a guest

Earn Coins

Add Answer to:
To be considered information, accounting information must affect or potentially affect a