Accounting Dictionary
Relevance
Relevance is one of the two fundamental qualities of accounting. It is composed of predictive value, confirmatory value, and materiality.
To be relevant accounting information has to make a difference to decision makers. It has to help predict the future, confirm expectations, or be important (material) enough to influence decision makers.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/relevance/
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