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The accompanying chart shows the qualitative characteristics of useful accounting information

User Julesezaar
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Final answer:

The question centers on the qualitative characteristics of accounting information and the use of pie charts and bar graphs to display qualitative data.

Step-by-step explanation:

The question relates to the qualitative characteristics of useful accounting information. Accountants use both quantitative and qualitative data to represent financial information. Quantitative data refers to numerical values, like amounts in dollars, while qualitative characteristics refer to descriptive attributes that cannot be measured with numbers but influence the interpretation and usefulness of financial information. For instance, qualitative aspects may include the relevance or reliability of the information presented.

Displaying qualitative data can be effectively done using visual aids such as pie charts and bar graphs. A pie chart is useful for showing how different pieces contribute to a whole, while a bar graph compares different categories side by side. These visual representations help users of financial information to better understand the data and make informed decisions.

User Jumbo
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