Related Qualities of Useful Accounting Information

Article Abstract:

In recent years several prominent groups studied the qualities or characteristics of useful accounting information. According to Financial Accounting Standards Board (FASB), relevance and reliability are the two primary qualities that make accounting information useful for decision making. Many accountants believe that relevance and reliability require important trade-offs. The results of the study indicate that relevance and reliability tend to change in the same direction when the accounting measurement ban is altered. Preparers and users of financial statements do not appear to perceive a trade-off between relevance and reliability.

Standards, Accounting and auditing, Accounting, Reliability (Engineering)

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An empirical examination of forecast disclosure by bidding companies

Article Abstract:

A study is presented of the information given by companies bidding during takeover attempts concerning their future profits, with focus on the factors affecting disclosure and the consequences of publishing good and bad forecasts.

Research, Mergers, acquisitions and divestments, Surveys, Corporations, Disclosure statements (Accounting), Business forecasting

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