Understandability


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Understandability

The articulation of financial terms in words whose meanings can be understood by a layperson.
References in periodicals archive ?
Insistence on theoretical statistical purity when the real goals are understandability and usefulness
For this reason, the FASB has placed understandability at the top of the qualitative characteristics hierarchy.
In August 2008, a final round of testing was conducted with the lay public to ensure that the revised language met its intended objectives of empathy, clarity, and understandability.
Table 4 presents research questions 2(a) through 2(e) regarding managers' perceptions of five BSC information characteristics: (a) accuracy, (b) accessibility, (c) reliability, (d) understandability, and (e) timeliness.
The cloze procedure: a methodology for determining the understandability of accounting textbooks.
The perceptions included clarity, understandability, credibility, enjoyability, engagement, and informative ness.
The heuristics selected for this study included navigation, readability, understandability, consistency, reading complexity, Web site errors, and help support.
The fourth chapter discusses related governance issues, including efficiency and effectiveness, fairness and understandability, responsiveness and the need for what Elliott refers to as 'predictable flexibility.
The board expects it will enhance the clarity, comparability and understandability of peer review reports--a welcome change for all stakeholders.
However, clarifying that principle and applying it consistently to all contracts with customers would improve the comparability and understandability of revenue for users of financial statements, the board said.
2, Service Efforts and Accomplishments Reporting, are relevance, understandability, comparability, timeliness, consistency and reliability.