During a weekly meeting the CEO of company made an statementthat he heard from...

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Accounting

During a weekly meeting the CEO of company made an statementthat he heard from a friend that “There is general agreement that,before it can be regarded as useful in satisfying the needs ofvarious user groups, accounting information should satisfy certaincriteria.”
You as a chief account of the company is required toexplain the to the CEO the key characteristics of AccountingInformation with clearly providing example(s) wherever queried foreach characteristic.

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Accounting information includes all the financial information that a user needs that can influence the decision of the informed investor So it must contain special features Characteristics that an See Answer

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In: AccountingDuring a weekly meeting the CEO of company made an statementthat he heard from a...During a weekly meeting the CEO of company made an statementthat he heard from a friend that “There is general agreement that,before it can be regarded as useful in satisfying the needs ofvarious user groups, accounting information should satisfy certaincriteria.”You as a chief account of the company is required toexplain the to the CEO the key characteristics of AccountingInformation with clearly providing example(s) wherever queried foreach characteristic.