Examlex
Which of the following is NOT a discretionary decision of police?
Qualitative Characteristic
A fundamental attribute that makes the information provided in financial statements useful to users.
Going Concern
An accounting principle that assumes a company will continue in operational existence for the foreseeable future, without the intention or necessity of liquidation.
Comparability
The ability to compare financial information across different entities or time periods to understand economic similarities and differences.
Faithful Representation
A fundamental qualitative characteristic in financial reporting, ensuring that financial statements are complete, neutral, and free from material error.
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