BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Qualitative characteristics of accounting information that impact how useful the information is: Verifiability. Timeliness. Understandability.

Detailed explanation-2: -Verifiability is a characteristic that enhances the usefulness of information that is both relevant and faithfully represented. Comparability, Verifiability, Timeliness, and Understandability are characteristic that enhances the usefulness of information that is both relevant and faithfully represented.

Detailed explanation-3: -Understandability is the concept that financial information should be presented so that a reader can easily comprehend it. This concept assumes a reasonable knowledge of business by the reader, but does not require advanced business knowledge to gain a high level of comprehension.

Detailed explanation-4: -The four enhancing qualitative characteristics are comparability, verifiability, timeliness and understandability.

Detailed explanation-5: -The enhancing qualitative characteristic of understandability means that information that may be difficult to understand is made more useful by presenting and explaining it as clearly as possible.