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Qualitative characteristics

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Qualitative characteristics

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 29, 2018 at 6:53 pm #433875
    miracle657
    Participant
    • Topics: 65
    • Replies: 26
    • ☆☆

    Hi sir, could you explain which qualitative characteristic is suitable for useful life of non current asset and why?
    reliability,
    timeliness,
    understandability,
    comparability

    January 30, 2018 at 8:04 am #433939
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    Reliability. We want the useful life to be as reasonable as possible. The other factors aren’t really relevant.

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    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Qualitative characteristics’ is closed to new replies.

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