What are the characteristics of accounting information quality under fiduciary responsibility?

1. Reliability: Reliability means that accounting information must be objective and verifiable.

2. Relevance: Relevance means that accounting information is related to the problems that information users want to solve, that is, it is related to the decisions made by users and has the ability to influence decisions. The core of relevance is useful for decision-making. Whether a piece of information is relevant depends on whether it has predictive value and feedback value.

Understandability: understandability means that accounting information must be understood by users, that is, accounting information must be clear and easy to understand.

4. Comparability: Comparability means that the accounting information of an enterprise is consistent with similar accounting information of other enterprises as far as possible and comparable to each other.

5. Substance is more important than form: an enterprise should confirm, measure and report accounting according to the economic essence of a transaction or event, and should not only take its legal form as the basis for accounting confirmation and measurement.

Importance: Enterprises are required to distinguish the importance of transactions or events in the process of accounting confirmation and measurement and adopt different accounting methods.

Seven. Note: Enterprises are required not to overestimate assets or income, underestimate liabilities or expenses, and not to make secret provision during accounting recognition and measurement.

8. Timeliness: Information should be provided to users before it becomes invalid.

Extended data:

What is the relationship between the quality characteristics of accounting information?

Reliability, relevance, understandability and comparability are the primary quality requirements of accounting information and the basic quality characteristics of accounting information provided by enterprise financial reports. Relevance is based on reliability, and accounting information should be as relevant as possible under the premise of reliability to meet the decision-making needs of investors and other users of financial reports. Understandability and comparability improve the usefulness of accounting information on the premise of reliability and relevance.

Substance over form, importance, prudence and timeliness are the secondary quality requirements of accounting information, which supplement and improve the main quality requirements such as reliability, relevance, understandability and comparability. Especially when dealing with some special transactions or events, we need to grasp the accounting principles according to these quality requirements. Among them, timeliness is also a restrictive factor for the relevance and reliability of accounting information, and enterprises need to seek between relevance and reliability.

Baidu Encyclopedia-Quality Characteristics of Accounting Information