Answer:
A, predictive value.
Explanation:
A financial information is needed to tell the financial situation of an organization and hence help in making financial decisions.
A financial information is said to have a qualitative characteristic of relevance if the financial information is predictive at least. This means that financial information can also be confirmatory as part of this conceptual framework, it also allows for financial information to be both predictive and confirmatory at the same time but usually it has to be one of the characteristics.
Cheers.
Answer:
A) Predictive value.
Explanation:
In financial reporting, the conceptual framework is an analytical tool that provides important and relevant information on the concepts which are used to prepare and present financial statements. The two fundamental qualitative characteristics of this conceptual framework that are important for making financial information useful:
