Discuss the quality characteristics of accounting information?

Reliability means that accounting information must be objective and verifiable. Reliability depends on authenticity, nucleability and neutrality.

Second, relevance.

Relevance means that accounting information is related to the problem that information users want to solve, that is, it is related to the decision made by users and has the ability to influence the decision. 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.

1, predicted value

If a piece of information can help decision makers predict the possible outcome of a thing, then this information has predictive value.

2. Feedback value

If a piece of information can help decision makers to verify or correct past decisions and implementation plans, then this information has feedback value.

Third, understandability

Understandability means that accounting information must be understood by users, that is, accounting information must be clear and understandable.

Fourth, comparability.

Comparability requires the accounting information of the same accounting entity to be comparable before and after, or the accounting information of two different accounting entities to be comparable in the same period. In view of the different levels of education and understanding of accounting information users in China, emphasizing the comparability of accounting information is more conducive to their understanding and use of reliable and relevant accounting information.

In addition, the diversification of ownership forms of enterprises in China determines that accounting information also has the function of interest coordination and participation in distribution, and emphasizing the comparability of accounting information is more conducive to strengthening the macro-control role of our government and coordinating the interests of all parties.

Five, the usefulness of accounting information

Usefulness refers to the usefulness of decision. The Financial Accounting Concept Announcement issued by FASB constructs an accounting concept system with "decision usefulness" as the core, and integrates accounting quality characteristics such as relevance and reliability.

The usefulness of decision-making is the most basic quality feature of accounting information, and the quality of accounting information is directly related to the decision-making and its consequences of decision-makers. The authenticity and reliability of accounting information is the basic premise and condition to ensure that information users make correct decisions, and it is the basic task of accountants to provide information that meets the requirements of quality characteristics.

Baidu Encyclopedia-Quality Characteristics of Accounting Information