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Which effective communication makes information more useful

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Reference no: EM133002143

Problem 1: The following are within the scope of the Conceptual Framework EXCEPT

a. Qualitative characteristics of useful financial information
b. Accounting assumptions including accrual basis, accounting entity, and monetary unit assumptions
c. Objective of financial reporting
d. Concepts of capital maintenance

Problem 2: Effective communication makes information more useful. Effective communication requires all of the following EXCEPT

a. Aggregating information in such a way that it is not obscured either by unnecessary detail or by excessive aggregation.
b. using standardized descriptions, rather than entity-specific information.
c. Classifying information in a manner that groups similar items and separates dissimilar items
d. focusing on presentation and disclosure objectives and principle rather than focusing on rules

Reference no: EM133002143

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