Examlex
The electron configuration of the outermost electrons of atoms of the halogen group is ns2np7.
Qualitative Characteristics
These are the attributes that make the information provided in financial statements useful to users.
Understandability
A characteristic of financial information that makes it comprehensible to those with a reasonable knowledge of business and economic activities.
Decision Usefulness
A principle in accounting that information should help users make decisions regarding their investments, credit, and similar considerations.
Conceptual Framework
A system of interrelated objectives and fundamentals that provides the foundation for financial accounting and reporting standards.
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