Timeliness: Difference between revisions
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imported>Doug Williamson (Create page - source - IAS Plus - https://www.iasplus.com/en/standards/other/framework) |
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* [[Accounting concepts]] | * [[Accounting concepts]] | ||
* [[Accounting reference date]] | * [[Accounting reference date]] | ||
* [[Comparability]] | |||
* [[Conceptual framework]] | * [[Conceptual framework]] | ||
* [[Faithful representation]] | * [[Faithful representation]] | ||
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* [[Relevance]] | * [[Relevance]] | ||
* [[Substance over form]] | * [[Substance over form]] | ||
* [[True and fair view]] | * [[True and fair view]] | ||
* [[Understandability]] | * [[Understandability]] | ||
Revision as of 11:20, 4 March 2022
1. Financial reporting - conceptual framework.
In financial reporting, timeliness means that information is available to decision-makers in time to be capable of influencing their decisions.
The sooner after the accounting reference date that information is published, the more likely it is to be timely enough to be useful.
2. Financial markets - other contexts.
Similar characteristics of information in financial markets more broadly, and other contexts.
See also
- Accounting concepts
- Accounting reference date
- Comparability
- Conceptual framework
- Faithful representation
- Financial reporting
- International Accounting Standards
- International Accounting Standards Board (IASB)
- International Financial Reporting Standards (IFRS)
- Neutrality
- Prudence
- Qualitative characteristics of useful financial information
- Relevance
- Substance over form
- True and fair view
- Understandability
- Useful financial information
- Verifiability
