Timeliness
Timeliness means information is available to decision-makers in time to influence their decisions. Information received after a decision can no longer influence that decision, even if it is accurate. Timely publication can require estimates; these should still be based on reasonable evidence and accompanied by appropriate explanation where uncertainty matters. For example, a lender deciding on credit today cannot use a report published after the lending decision.
Worked example
Annual results released promptly are more useful for decisions than results released much later.
Common mistake
Speed should not undermine faithful representation; older information can remain useful.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F2 | Supporting | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | FR | Direct | Official assessment-window verification pending |
| ACCA | K1 | Direct | July 2027–August 2028 |
| ACCA | SBR | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
