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 ?
All these studies point to a close link between readability (which is text-based) and understandability (which is reader-based).
For this reason, the FASB has placed understandability at the top of the qualitative characteristics hierarchy.
Using consistent measures allows for comparability and understandability and suggests that the number of measures used within asset/liability categories should have limited exceptions.
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 perceptions included clarity, understandability, credibility, enjoyability, engagement, and informative ness.
The extensive changes are intended to improve clarity and understandability, but only a few obligations were created or removed.
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.
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.
The German translation aims at understandability, not high art, and in this, it succeeds.
2, Service Efforts and Accomplishments Reporting, are relevance, understandability, comparability, timeliness, consistency and reliability.
To further this work, in my presidential address at the 51st meeting, I proposed the following additional aims: (1) to produce a shared map of differentiated and fragmented scientific knowledge from human, social and natural/ engineering sciences in such a way that it can provide a transparent perspective of them; (2) to produce methodologies tackling differentiated and fragmented scientific knowledge; (3) to develop ideal systems models and systems concepts applicable to a wide range of disciplines, and when doing so, we need to take into account commensurability or mutual understandability among them and (4) to relate a variety of scientific knowledge that have different construction and acquisition principles such as reduction, induction and abduction.