Generally, 'Qualitative characteristics of accounting information' can be deemed to as those features which normally contribute to the quality or even value of the accounting information. In other words, these characteristics make the accounting information more understandable as well useful for decision making and reporting purposes
Work Step by Step
Usually, accounting information is highly used by both internal and external users with only one goal that is; to make decisions. Some of these characteristics that help users understand the financial accounting information of an organization include; relevance, reliability, comparability as well consistency.