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Explain the enhancing qualitative characteristics

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Reference no: EM132619740

Question -

a) Identify and explain the enhancing qualitative characteristics of good accounting information for decision making.

b) Define the following accounting concepts and for each explain their implication in the preparation of financial statement.

i. Business Entity

ii. Going Concern

iii. Accruals

iv. Consistency

v. Materiality

vi. Prudence

Reference no: EM132619740

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