Unformatted text preview: correct prior expectations” (SFAC 2)] and predictive value [“the quality of information that helps users to increase the likelihood of correctly forecasting the outcome of past or current events” (SFAC 2)]. Timeliness means “having information available to a decision maker before it loses its capacity to influence decisions” and is described by SFAC 2 as an ancillary aspect of relevance. 1...
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This note was uploaded on 10/27/2010 for the course FIN 82571 taught by Professor Sharp during the Fall '10 term at CSU Sacramento.
- Fall '10