Question

Any information useful to decision makers should be provided in the financial statements, subject to the cost effectiveness constraint. This describes which accounting principle

Answer 1

Fulldisclosure principle

Step-by-step explanation:

The fulldisclosure principle states that any financial information that is relevant to the firm's stakeholders should be disclosed in the financial statements.

This principle is closely related with the materiality principle, which states that all relevant information should be recorded except for that information that is simply not relevant due to its intrisic characteristics (for example, a very small transaction in monetary value inside a very large company).