Cost and management accounting in context
. Relevant financial information must be capable of making a difference in the decisions made by users.

. Comparability means consistency.

. The decision usefulness of financial information is enhanced if it is available to users in time for it to be capable of influencing their decisions.

. Financial information should exclude complex detail in order to make it more understandable.

. Information that is not comparable lacks usefulness.

. Users' understanding of information will be enhanced if that information is classified, characterized and presented clearly.

. Information that is not timely lacks decision usefulness.

. Relevant information is both confirmatory and predictive.