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According to the FASB conceptual framework, predictive value is an ingredient of:
Suggested Answer: D
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Choice 'd' is correct. Yes - No. Predictive value is an ingredient of relevance but not of reliability.
Memorize:
Bud's relevance to 'PFT.'
Bud's reliability to 'VRN.'
12 comments · newest first
NI
Nieves
11 months ago
I thought it was more complicated than that.
CH
Charlesetta
11 months ago
Yup, definitely relevance!
PA
Paris
12 months ago
Wait, is it really just relevance? Sounds too simple.
LO
Lorrine
12 months ago
Totally agree, relevance is key!
GE
Geraldo
12 months ago
Predictive value is part of relevance.
LO
Lonny
1 year ago
I vaguely recall that predictive value is an aspect of relevance, but I can't remember which option it corresponds to in this question.
AS
Ashlyn
1 year ago
I feel like I might confuse predictive value with confirmatory value. I should have reviewed those definitions more closely.
WE
Weldon
1 year ago
I remember practicing a question about the qualitative characteristics of financial information, and I think predictive value falls under relevance.
CH
Christoper
1 year ago
I think predictive value is related to relevance, but I'm not completely sure if it's specifically tied to one of the options.
EZ
Ezekiel
1 year ago
Hmm, this seems like a tricky one. I'll need to think through the different options carefully.
TI
Tijuana
1 year ago
This one seems pretty straightforward. I think the answer is C - deselecting 'Exclude API Users From Password Expiration' to ensure the Marketing Cloud user credentials can't be used to access the API.
MO
Moon
1 year ago
Analyzing the adoption report makes sense since it directly reflects user engagement. I remember a similar question where that was a key activity.