Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 2 - Conceptual Framework for Financial Reporting - Review and Practice - Questions - Page 62: 6


Enhancing qualities are those qualitative characteristics that are complementary to the fundamental qualitative characteristics of a conceptual framework. Most importantly, they are used to improve decision usefulness of financial reports when the fundamental qualitative characteristics have been established. The enhancing qualities of the qualitative characteristics in conceptual framework include; comparability, verifability, timeless and understandability

Work Step by Step

Another crucial role concerning the enhancing qualities of a qualitative characteristic is the fact that they distinguish more useful information from the less-useful information.
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