CFA Practice Question

There are 86 practice questions for this study session.

CFA Practice Question

According to the Framework for the Preparation and Presentation of Financial Statements, which of the following is not a qualitative characteristic of information in financial statements?

A. Relevance
B. Reliability
C. Consistency
D. Understandability
Correct Answer: C

Another one is comparability.

User Contributed Comments 5

User Comment
cong Qualitative characteristics include: understandaibliy, comparability, reliability, relevance. Effective financial reporting: transparency, consistency and comprehesiveness.
jpducros Has someone a clever trick to remember all these items ?
pk84 URRC
ColonelCFA yoU aRe Really Cool
2014 As per text book
two fundamental qualitative characterestics are Relevance and Faithful Representation.
And four others are: comparability, verifiability, Timeliness and Understandability
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