The study focuses on four year period (2008-2011) before IFRS and four year period (2012-2015) after IFRS adoption. 2, Qualitative Characteristics of Accounting Information, issued by the Financial Accounting Standards Board. Introduction Accounting is described as an information system that is utilised by entities to make different economic decisions (Bello, 2009). Prudence Concept or Conservatism principle is a key accounting principle that makes sure that assets and income are not overstated and provision is made for all known expenses and losses whether the amount is known for certain or just an estimation i.e expenses and liabilities are not understated in the books of accounting. This is important because any time information is needed, it can found on the computer and is organized. Accounting information influences significantly share price in both A-and B-share markets. the concept can relevance definition. This study examines the relevance of accounting ethics in accounting education.The accounting profession is being threatened because of high expectations from the public and their beliefs that embezzlement, bribery and corruption have become prominent in … Costs that will not differ among alternatives do not have relevance. We sampled 52 public entities from consumer goods and financial services sector in Nigeria. The principle of the reliability principle is that the transactions or event could records and present in the entity’s financial statements only if they could be verified with the reliable objective evidence. For example, in the decision to replace equipment that has been used for the past six years, the original cost of the equipment does not have relevance. If a company wanted to take a loan from a bank then the bank will want to know first whether the company will be able to pay them back the loan with interests. This question popped up frequently while a student. You may read it at no cost at www.FASB.org. Materiality which included in relevance, it is an underlying accounting concept. It should be valuable to the end users. He is the sole author of all the materials on AccountingCoach.com. It helps investors to predict what will happen in the future. Accounting is very important and needed for any business transactions. Originality/value: We contribute to value relevance literature by providing novel evidence on the value relevance in fully-fledged Islamic, fully-fledged conventional and Hybrid Banks. The constraints of accounting refer to the limitations to providing financial information. The relevance information is affected by its nature and materiality. Definition: The relevance principle is an accounting principle that states in order for financial information to be useful to external users, it must be relevant. Therefore relevance in accounting indicates the capacity of influencing the end-users of the financial statement in their decision-making process. Internal stakeholders include managers, employees, and business owners. Value relevance of accounting information addresses the degree to which accounting information summarizes the information that is impounded … IMPORTANCE AND RELEVANCE OF COMPUTER IN ACCOUNTING SECTOR ABSTRACT This study was conducted to know the importance and relevance of Computer in accounting sector. chinweike says . Once relevance levels have been assigned to the retrieved results, information retrieval performance measures can be used to assess the quality of a retrieval system's output. I don’t understand the relevance of this discussion: it doesn’t seem important to me. What are the various reasons for financial planning in a school system? In other words, the original cost is irrelevant or is not relevant in the decision to replace the equipment. 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