University of Phoenix ACC 220 - Week 3 DQ 1


Discussion Question 1

Due Date: Day 2 [Main] forum

Post your response to the following:

When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?

In other words, why are these accounting characteristics important?

What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?

Having reliable financial reports is very important
for a business or company in many different ways. If your reports are not
accurate your business will not function properly. There is not going to be
good communication between your departments, and things are going to get all
out of order.


Filename: Week 3.zip
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