Question

In: Finance

Describe how principles differ from characteristics/qualities of information, and how does this relate to sustainability?

Describe how principles differ from characteristics/qualities of information, and how does this relate to sustainability?

Solutions

Expert Solution

The principles of information enable companies across the public sector in order to become increasingly aligned to its use and management of information (both unstructured and structured).

Principles of information are as follows-

1. Keeping things simple

2. Planning the whole process of information collection

3. Ensuring reliability, credibility and validity

4. Addressing the ethics of information collection.

Characteristics of good information refers to the traits and quality of information.

Characteristics of good information are given below-

It must be relevant

It must be clear

It must be complete

It must be trustworthy

It must be concise

There must be sufficient accuracy

It must be provided in a timely manner

It must be communicated to the right person.

If information posses above said qualities then it would be more sustainable than the information that don't have above said qualities, sustainability of information also depends on the resources from where it is collected. And collection of information is depends on the principles of information followed by the organization.


Related Solutions

describe the primary characteristics for governmental and not-for-profit entities. How does this differ from the primary...
describe the primary characteristics for governmental and not-for-profit entities. How does this differ from the primary characteristics for business organizations? In your discussion, explain how budgetary accounting contributes to achieving budgetary control over revenues and expenditures for governmental entities and not-for-profit entities.
1. Does information in a sustainability report meet the qualities of Relevance and Faithful Representation as...
1. Does information in a sustainability report meet the qualities of Relevance and Faithful Representation as identified in the Conceptual Framework?
How does the Information Approach differ from the Valuation Approach
How does the Information Approach differ from the Valuation Approach
describe the characteristics of services and how they differ from goods. After reviewing these differences, including...
describe the characteristics of services and how they differ from goods. After reviewing these differences, including the expanded service marketing mix, prepare a new discussion thread addressing the following: a)   What do you see as the greatest challenge in providing quality service and why? b)   What do you see as the easiest difference to address and why?
Describe four characteristics of a trait. How do traits differ from attitudes? Describe Allport’s concept of...
Describe four characteristics of a trait. How do traits differ from attitudes? Describe Allport’s concept of functional autonomy. What role does it play in the development of personality? What is the relationship between our motivation (work motivation, love motivation, exercise motivation, etc.) and our different levels of functional autonomy? Allport listed several components that must be present for a person to attain psychological maturity (his term for mental health) as follows: 1. Specific, enduring extensions of self 2. Dependable techniques...
Differentiate between fundamental qualities and enhancing qualities for qualitative characteristics of financial information with give examples
Differentiate between fundamental qualities and enhancing qualities for qualitative characteristics of financial information with give examples
Describe antibiotic tolerance. How does it differ from antibiotic resistance?
  Describe antibiotic tolerance. How does it differ from antibiotic resistance? How do bacteria compensate for the decreased fitness cost of resistance? Describe factors important for the emergence of new pathogens and know examples of emerging pathogens and why they emerged
1) How does a bailment differ from a gift? 2) How does a bailment differ from...
1) How does a bailment differ from a gift? 2) How does a bailment differ from a lease? 3) Give an example of a bailment that is not a contract. Give an example of a bailment that is a contract.
Describe the fundamental principles of servant leadership. Present two qualities of servant leadership and explain how...
Describe the fundamental principles of servant leadership. Present two qualities of servant leadership and explain how they support interprofwssional communication in providinf patient care. please include citations and references used
Q1. Differentiate between fundamental qualities and enhancing qualities for qualitative characteristics of financial information, give examples....
Q1. Differentiate between fundamental qualities and enhancing qualities for qualitative characteristics of financial information, give examples. Q2. Both the unadjusted trial balance and adjusted trial balance for Smith Corporation on December 31, 2013, are listed below: Smith Corporation Trial Balance December 31, 2013 Unadjusted Adjusted Debit Credit Debit Credit Cash Accounts Receivables Supplies Prepaid Insurance Land Vehicles Accumulated Depreciation-Vehicles Notes Payable Wages Payable Common Stock Dividends Revenue Wages Expense Utilities Expense Insurance Expense Rent Expense Depreciation Expense Supplies Expense 8,000...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT