Asked by Bailey Goodman on Jul 08, 2024

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In order for information to be relevant,the information should have both predictive and/or feedback value.

Relevant

Relevant, in a financial or accounting context, refers to information that is applicable and helpful for decision-making purposes.

Predictive Value

The likelihood that a specific condition or attribute accurately predicts the outcome of interest.

Feedback Value

The importance or usefulness of feedback received for improving performance or decision-making processes.

  • Understanding the requirements for pertinent financial data and the distinct qualities that enhance the utility of financial information.
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KF
Khadra FarahJul 09, 2024
Final Answer :
True
Explanation :
For information to be relevant, it should be able to predict future outcomes or provide feedback on past events. Therefore, it must have predictive and/or feedback value.