Relevancia como característica fundamental de la información financiera: valor predictivo y confirmatorio.

Abstract

When making decisions in an entity, it is important to know the situation in which it really finds itself, which is why it is essential to correctly apply the accounting principles established within the conceptual framework of the International Financial Reporting Standards. Therefore, the application of the qualitative characteristics has a great impact on the financial statements, allowing to obtain relevant and safe data in order to faithfully represent the activities carried out in a period of time. The objective of the research is to analyze the principle of relevance based on what establishes the qualitative characteristics contained in the Conceptual Framework of International Financial Reporting Standards, in order to give a correct interpretation and application in the professional field, considering that gives greater confidence to users of it and provides security in accounting information which is useful within decision-making processes. Depending on what has been raised, two research approaches have been applied in order to reach a suitable result, first the documentary bibliographic research method was applied, since it allows inquiring between various research sources such as websites, magazines, books , scientific articles etc., and second, a quantitative approach was used, because it is based on numerical operations to reveal the predictive and confirmatory value.