What are the quality requirements of accounting information?

Accounting information quality requirements are as follows:

1. Reliability: emphasize truthfulness and reliability, do not conceal, and ensure the truthfulness and reliability of accounting information and complete contents.

2. Comparability: including horizontal comparability (compared with others) and vertical comparability (compared with oneself in different periods).

3. Importance: The important criteria are quantity and nature.

4. Note: Never overestimate the good (assets and income) and never underestimate the bad (liabilities and expenses).

5. substance is more important than form: substance is very important.

6. Relevance: It is related to users' information decisions, such as evaluation and prediction.

7. Understandability: clear and easy for users to understand and use.

8. Timeliness: confirm, measure and report in time without delay.

Expansion: Memory formula is shown in the following figure: