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探索决策中受益的会计特征-Exploring accounting
可理解性是提高信息质量的有效方法,使用户能够理解其深层的意思。可理解性是增强信息分类,特点,清晰度和简明介绍的重要方法。可比性也可以提高可理解性。
Understandability is the quality of information that enables users to comprehend its meaning. Understandability is enhanced when information is classified, characterized and presented clearly and concisely. Comparability can also enhance understandability.
Information is relevant if it is capable of making a difference in the decisions made by users in their capacity as capital providers. Information can influence the economic decision of users. By evaluating past, present and future events, useful information can be derived. For information to be useful, it has to be relevant to the decisions that are being made. For example, straight-line depreciation of plant and equipment may be highly predictable from year to year but may not be very helpful in assessing an entity’s ability to generate net cash inflows. Also, information about an economic phenomenon need not be in the form of an explicit forecast to have predictive value; it needs only to be a useful input to predictive processes of use to capital providers.
In order for information to be comparability, users need to compare information between entities and over a time period. The information from different entities is comparable if there is consistency in the accounting treatment of the economic events and transactions over time and in the disclosure of accounting policies. Comparability should not be confused with uniformity. For information to be comparable, like things must look alike and different things must look different. An overemphasis on uniformity may reduce comparability by making unlike things look alike. Comparability of financial reporting information is not enhanced by making unlike things look alike any more than it is by making like things look different.
Verifiability means that the information is reliable. Transactions are always recorded by examining source documents that will form the evidence for the transactions.
Timeliness means having information available to decision makers. If there is lack of timeliness, the information may be relevant in a limited manner even though it may be reliable. Therefore, entities have to find a balance between providing timely information which is relevant and reliable. More of one may mean less of the other.
Reliability is the quality of information that allows those who use it to depend on it with confidence.
The principle of objectivity implies that the accounting data should be verifiable and free from any bias. Records and statements in accounting are based on the most reliable information available in order for them to be as accurate and as useful as possible. Information that is considered reliable may be verified and confirmed by independent observers. It is mainly ideal in accounting that all records are based on information, which flows from activities that are documented by objective evidence. Without the objectivity principle, accounting records may be based on opinions and impulses that may be subject to dispute. In fact, to generate the reliable accounting information, the basic requirements are neutrality (free from bias) and verifiability. The historical cost recorded in the books is on the basis of original documents, which contain the information, which is not affected by the personal bias. Therefore, the accounting entries are recorded on the objective basis and are verifiable from the source documents. Historical cost accounting, therefore, is preferred in spite of its shortcomings due to objectivity. served Worldwide. 世界范围内的服务 Financial reporting standards for Malaysia 2th edition Jane Lazar, Huang Ching Choo Question 1 (b) Conflict between timeliness and reliability
Financial information which is relevant and reliable and which passes the materiality test may lose its relevance if there is undue delay in it being reported. Thus, the time available to gather and report financial information is a constraint on providing relevant information. There may, on occasion, be a need to weigh the relative merits of timely reporting and the provision of relevant and reliable financial information. Application of the reporting period convention can often lead to the need to report before all aspects of a transaction or event are known. This can limit the availability of relevant information and have an impact upon reliability. Conversely, if reporting is delayed until all facts are known, this may be too late for users who have to make decisions in the interim. Conflict between relevance and reliability 相关性和现可依赖性之间的矛盾
The two primary qualitative characteristics of accounting information are relevance and reliability. However, these qualities often can conflict, requiring a trade-off between various degrees of relevance and reliability. A forecast of a financial variable may possess a high degree of relevance to investors and creditors. However, a forecast necessarily contains subjectivity in the estimation of future events. Therefore, because of a low degree of reliability, generally accepted accounting principles do not require companies to provide forecasts of any financial variables. Reliability and relevance often impinge on each other. Reliability may suffer when an accounting method is changed to gain relevance, and vice versa. Sometimes it may not be clear whether there has been a loss or gain either of relevance or of reliability. The introduction of current cost accounting will illustrate the point. Proponents of current cost accounting believe that current cost income from continuing operations is a more relevant measure of operating performance than is operating profit computed on the basis of historical costs. They also believe that if holding gains and losses that may have accrued in past periods are separately displayed, current cost income from continuing operations better portrays operating performance. The uncertainties surrounding the determination of current costs, however, are considerable, and variations among estimates of their magnitude can be expected. Because of those variations, verifiability or representational faithfulness, components of reliability, might diminish. Whether there is a net gain to users of the information obviously depends on the relative weights attached to relevance and reliability (assuming, of course, that the claims made for current cost accounting are accepted). |
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