Ms. Sabiha submitted the financial reports of the company in a theoretical form, whereas she needs to draft in to a tabular form showing proper statistics so that the report is immediately understood by the users. Which feature of useful financial information is neglected by Ms. Sabiha? a. Timeliness b. Relevance c. Comparability d. Understandability

Q: Q8. Which of the following statements about users of accounting information is correct? Present…

A: Accounting information is generally prepared for the users or stakeholders of the organisation.…

Q: 46 .Accounting provides assistance to decision makers by providing them financial reports that will…

A: The accounting is process recording , analysing and reporting the financial data of the business.

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A:

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Q: 4. Why is an entity permitted to change an account policy? a. The change would allow the entity to…

A: Hi student Since there are multiple questions, we will answer only first question.

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A: Since we only answer one question, we will answer the first question. Please resubmit the other…

Q: 1. (TCO 1) Which of the following was the first private sector entity that set accounting standards…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The IASB’s Framework for the Preparation and Presentation of Financial Statements gives qualitative…

A: The IASB’s Framework for the Preparation and Presentation of Financial Statements gives qualitative…

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A: SSARS is an acronym which stands for the statements on standards for accounting and review services,…

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A: Statements can be used for making personal financial position information.

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A: The correct option is  B. Only financial accounting involves the use of accounting information

Q: 10. Which of these is a similarity between financial accounting and managerial accounting? Select…

A: As per question requirement following is the answer of the questions and  explanation.

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: Financial statements are key documents that depicts the financial position of the company. It gives…