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Question 1: NZ FRAMEWORK

Qualitative characteristics Characteristic 1: Relevance Good accounting information should be relevant. Information is considered relevant when it can influence the decision of the users of accounting information (Norton & Porter, 2011). This implies that the inclusion of the information should make a difference in the decision of users. Information can only be relevant if it is timely, has a predictive and feedback values.

Information should be free from bias and material errors in order to be depended upon by the users as faithfully representing the intended purpose (Needles & Powers, 2013).

Accounting information should be presented in a manner that it Continue reading...

The relationship between the Second World War and the Cold War dates back to the First World War that brought unrelated countries together in a fight against a common foe. However, while each State tabled different reasons for fighting in the Great War, the causes of both World War II and Cold War stemmed from a single factor, the Germans. For instance, in the First World War, Britain declared war on Germany for its violation of Berlin’s neutrality while the United States joined the war in a bid to protect its economy. In that manner, the extent of Continue reading...