Enhancing qualitative characteristics of accounting information include:a. Relevance and comparability.b. two fundamental qualitative characteristics relevance and faithful representation; four enhancing qualitative characteristics: comparability, verifiability, timeliness and understandability. - 15094247 Comparability and timeliness. 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 of accounting information include each of from ACCOUNTING N at Kazakhstan Institute of Management, Economics and Strategic Research For each transaction, indicate whether a company would classify the related Cost effectiveness and materiality.[Question]152. Faithful representation and relevance.d. They enhance the fundamental qualitative characteristics by distinguishing more useful information from less-useful information. 2. However, enhancing qualitative characteristics (either individually or collectively) cannot render information useful if that information is … 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. Enhancing qualitative characteristics should be maximised to the extent necessary. Chapter 2: Qualitative Characteristics of Useful Information. Definition. 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. Materiality judgments are, primarily, quantitative in nature. Relevance and comparability. Qualitative characteristics are the qualities or attributes that make financial accounting information useful to the users. Applying the enhancing qualitative characteristics. 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 consistency.c.