This preview shows page 1. Sign up to view the full content.
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...
View Full Document
- Fall '10