View source for Qualitative characteristics of useful financial information

''Financial reporting - International Financial Reporting Standards (IFRS) - Conceptual Framework for Financial Reporting (Conceptual framework) - International Accounting Standards Board (IASB).''

The financial reporting Conceptual framework identifies the fundamental qualitative characteristics of useful financial information as:

*Relevance, and

*Faithful representation.


The Conceptual framework goes on to identify the following further characteristics as enhancing the usefulness of relevant and faithfully represented financial information:

*Comparability
*Verifiability
*Timeliness, and 
*Understandability.


== See also ==
* [[Accounting concepts]]
* [[Comparability]]
* [[Conceptual framework]]
* [[Faithful representation]]
* [[Financial reporting]]
* [[International Accounting Standards]]
* [[International Accounting Standards Board]]  (IASB)
* [[International Financial Reporting Standards]]  (IFRS)
* [[Neutrality]]
* [[Prudence]]
* [[Qualitative techniques]]
* [[Relevance]]
* [[Stewardship]]
* [[Substance over form]]
* [[Timeliness]]
* [[True and fair view]]
* [[Understandability]]
* [[Useful financial information]]
* [[Verifiability]]


== External links ==
*[https://www.iasplus.com/en/standards/other/framework Conceptual framework for financial reporting - IAS Plus]
*[[Media:IFRS_conceptual-framework-project-summary.pdf|IFRS Conceptual Framework Project Summary 2018]]