In: Accountancy What are Characteristics of Accounting? What are Characteristics of Accounting? 1 Answer Mike Johnson 13 Questions 17 Answers 1 Best Answer 35 Points View Profile Mike Johnson Added an answer on July 13, 2020 at 12:18 pm Comparability: Accounting provides information that can be compared with other firms. Reliability: Accounting information is reliable as it only considers only financial transactions. Relevance: It is very relevant to the user, internal users use this for managing the organization whereas external users use this for their decision making. Understandability: To understand the accounting person need to have some knowledge of accountancy. 0 Reply Share Share Share on WhatsApp Share on Facebook Share on Twitter Share on LinkedIn Sorry, you do not have a permission to answer to this question.