In the Conceptual Framework for IFRS, Which One of the Following

question 133

Multiple Choice

In the conceptual framework for IFRS, which one of the following is not a qualitative characteristic of useful accounting information?

• A) relevance
• B) faithful representation
• C) conservatism
• D) comparability

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Definitions:

Functional

Designed to be practical and useful, often relating to the specific duties or activities that an object or person performs.

Geographical Departmentalization

An organizational structure in which departments are organized based on geographic regions or areas.