An enhancing qualitative characteristics of financial accounting information is that: Information must be decision-useful to all potential users of financial reporting. General-purpose financial reporting is the primary source of information for users. Users need

Financial accounting is a branch of accounting refers to the communication of information within an organization so that internal decisions can be made in an appropriate manner. True False

Examining the quality of accounting information is one of the key aspects of financial analysis.Required:a) Critically discuss procedures that can be used to assess the degree of accounting quality (define accounting quality as part of your answer).b) Discuss FIVE organisational circumstances that motivate manager to manipulate financial performance.

The objective of general-purpose financial reporting is? to provide users with financial information that implies total freedom from error to provide companies with the option to select information that favors one set of interested parties over another O to provide financial information about the reporting entity that is useful to present and potential equity investors, lender and other creditors in making decisions in their capacity as capital providers to provide a metric for financial information used to determine when the boundary between two or more entities should disregarded and the entities considered to be a licensing arrangement