Asked by Bailey Goodman on Jul 08, 2024
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In order for information to be relevant,the information should have both predictive and/or feedback value.
Relevant
Relevant, in a financial or accounting context, refers to information that is applicable and helpful for decision-making purposes.
Predictive Value
The likelihood that a specific condition or attribute accurately predicts the outcome of interest.
Feedback Value
The importance or usefulness of feedback received for improving performance or decision-making processes.
- Understanding the requirements for pertinent financial data and the distinct qualities that enhance the utility of financial information.
Verified Answer
Learning Objectives
- Understanding the requirements for pertinent financial data and the distinct qualities that enhance the utility of financial information.
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