Question-
Compare and assess the qualitative characteristics of ‘relevance' and ‘comparability' of accounting information of a listed company for the financial statements between year 2009 and 2010.
Additional information-
This question belongs to Accounting and it deals with comparison of qualitative characteristics for compatibility and relevance of accounting information from a listed company of financial statements between years 2009 and 2010. The company that has been used here is Air Asia. Air Asia is one of the leading low cost airlines in Southeast Asia, based out of Malaysia. Reliable and Relevant qualitative characteristics of accounting information for assessing the financial strength such as balance sheets, income statements, cash flow statements, etc are used by Air Asia to forecast the future financial position of the company.
Word limit-1600.