STATEMENT OF ACCOUNTING CONCEPTS . SAC 3 QUALITATIVE CHARACTERISTICS OF FINANCIAL INFORMATION ... not rank either characteristic above the other. Relevance . 8 For financial information to ...
... include accountability, estimation, accounting judgment (for example, substance vs. form), the qualitative characteristic of accounting information ...
The concept that the benefits of an accounting standard should justify the costs involved is a pervasive constraint, rather than a qualitative characteristic of financial reporting information.
... principles (discussed above), this concepts statement emphasizes the qualitative characteristic ... on the status of budgetary resources is consistent with other accounting information on ...
... of Financial Accounting Concepts No. 2, Qualitative Characteristics of Accounting Information as: ... or cutoff point rather than being a primary qualitative characteristic which information ...
