The enhancing qualitative characteristics on the other hand include understandability, comparability, verifiability and timeliness). Enhancing qualitative characteristics of accounting information include each of from ACC 1 at California Polytechnic State University, Pomona Comparability and timeliness. In recent accounting literature, where relevance and reliability are held upon as the primary qualitative characteristics that accounting information must have if it is to be useful, materiality is not recognised as a primary characteristic of the same kind. For each transaction, indicate whether a company would classify the related Faithful representation and relevance.d. Relevance and comparability. - 15094247 Applying the enhancing qualitative characteristics. Enhancing qualitative characteristics of accounting information include:a. Relevance and comparability.b. Comparability and consistency.c. Enhancing qualitative characteristics of accounting information include: Multiple Choice 1. The enhancing qualitative characteristics improve decision usefulness of financial reports when the ... (2006). Enhancing qualitative characteristics should be maximised to the extent necessary. Enhancing Characteristics of financial statements include: Comparability: Accounting policies are kept consistent from year to year, and information is presented in a manner that makes it easy for users to compare year-on-year info. They enhance the fundamental qualitative characteristics by distinguishing more useful information from less-useful information. Chapter 2: Qualitative Characteristics of Useful Information. two fundamental qualitative characteristics relevance and faithful representation; four enhancing qualitative characteristics: comparability, verifiability, timeliness and understandability. Cost effectiveness and materiality.[Question]152. Definition. 2. Qualitative characteristics are the qualities or attributes that make financial accounting information useful to the users. Enhancing qualitative characteristics of accounting information include each of from ACCOUNTING N at Kazakhstan Institute of Management, Economics and Strategic Research However, enhancing qualitative characteristics (either individually or collectively) cannot render information useful if that information is … Materiality judgments are, primarily, quantitative in nature.