Getting it right from all aspects of accounting good information must be provided of which includes reliability, relevance, comparability, materiality and understandability.

Not only has accounting information got limitations but also has its benefits.

The qualities of good information include: comparability relevance reliability materiality understandability

accounting information

Accounting -> Topics -> Understanding and using accounting information -> Limitations in the use of accounting information Limitations in the use of accounting information Problems in using historical information: the nature of the business may have changed the historical information may have been obtained from unreliable data the business may be in an industry which is changing the data may not reflect the state of the economy, either specific to this industry or in general the quality of leadership may not be shown not all information may be available; for example, the intention to introduce new technology The qualities of good information include: comparability relevance reliability materiality understandability The limits to providing this information result from timeliness and cost.

Information is clearly understood.

choosing management is very important and recruiting.

What are limitations. in the the use of accounting information?

What are limitations. in the the use of accounting information?

ok