BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Predictive value is one of the ingredients of relevance, one of the primary characteristics of accounting information. The other ingredient of relevance is confirmatory value. Predictive value is not an ingredient of faithful representation.

Detailed explanation-2: -Answer and Explanation: Predictive Value is an ingredient of Relevance. Relevant information is useful when it has Predictive Value-it can help in predicting the future outcome of events and Confirmatory Value-enables users to confirm or correct the earlier predictions.

Detailed explanation-3: -Explanation : Both Neutrality and Timeliness are the ingredients of relevance.

Detailed explanation-4: -The four enhancing qualitative characteristics are comparability, verifiability, timeliness and understandability. The characteristic of relevance implies that the information should have predictive and confirmatory value for users in making and evaluating economic decisions.

Detailed explanation-5: -Predictive value helps users in predicting or anticipating future outcomes. Confirmatory value enables users to check and confirm earlier predictions or evaluations.