Definition. - 15094247 Enhancing qualitative characteristics of accounting information include: Multiple Choice 1. However, enhancing qualitative characteristics (either individually or collectively) cannot render information useful if that information is … 2. Chapter 2: Qualitative Characteristics of Useful Information. The enhancing qualitative characteristics on the other hand include understandability, comparability, verifiability and timeliness). Relevance and comparability. 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. Cost effectiveness and materiality.[Question]152. They enhance the fundamental qualitative characteristics by distinguishing more useful information from less-useful information. Applying the enhancing qualitative characteristics. For each transaction, indicate whether a company would classify the related two fundamental qualitative characteristics relevance and faithful representation; four enhancing qualitative characteristics: comparability, verifiability, timeliness and understandability. Comparability and timeliness. Enhancing qualitative characteristics of accounting information include:a. Relevance and comparability.b. Enhancing qualitative characteristics should be maximised to the extent necessary. Faithful representation and relevance.d. 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 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. Comparability and consistency.c. Materiality judgments are, primarily, quantitative in nature. Enhancing qualitative characteristics of accounting information include each of from ACC 1 at California Polytechnic State University, Pomona The enhancing qualitative characteristics improve decision usefulness of financial reports when the ... (2006).