Statement of Financial Accounting Concepts No. 2 CONTENTS Paragraph Numbers Summary of Principal Conclusions Glossary of Terms Introduction.................................................................................................................1–26 The Nature of Accounting Choices.......................................................................6–20 The Objectives of Financial Reporting ...............................................................21–26 The Central Role of Decision Making ......................................................................27–31 A Hierarchy of Accounting Qualities .......................................................................32–45 Features and Limitations of the Chart.................................................................33–35 Decision Makers and Their Characteristics ........................................................36–39 Understandability and Other User-Specific Qualities ........................................40–41 Relative Importance and Trade-Offs ..................................................................42–45 Relevance..................................................................................................................46–57 Feedback Value and Predictive Value as Components of Relevance.................51–55 Timeliness ...........................................................................................................56–57 Reliability..................................................................................................................58–97 Representational Faithfulness ............................................................................ 63–80 Degrees of Representational Faithfulness.....................................................65–71 Precision and Uncertainty .............................................................................72–76 此资料来自www.m448企业管理资源网，大量的管理资料下载 Effects of Bias...............................................................................................77–78 Completeness ................................................................................................79–80 Verifiability.........................................................................................................81–89 Reliability and Relevance .........................................................................................90 Conservatism.......................................................................................................91–97 Neutrality ................................................................................................................98–110 Comparability .......................................................................................................111–122 Consistency.....................................................................................................120–122 Materiality.............................................................................................................123–132 Costs and Benefits.................................................................................................133–144 Appendix A: Background Information ................................................................145–151 Appendix B: Principal Respects in Which This Statement Differs from the Exposure Draft and Other Responses to Letters of Comment on the Exposure Draft ........................................................................................152–160 Appendix C: Quantitative Materiality Considerations ........................................161–170