LIPA CITY

Questionnaire
Name: _____________________________
1. Demographic profile of the respondents
Direction: Put a check () on the space that corresponds to your answer.
a. Designation
___ Administrative and Operations Personnel
___ Sales and Marketing Personnel
b. Length of service
___ 1 to 5 years
___ 6 to 10 years
___ 11 years and above

General Instruction:

Put a check () on the number that best describes the given

statements.
Legend
5
4
3
2

Verbal Description
Highly Satisfied
Satisfied
Moderately Satisfied
Slightly Satisfied

LIPA CITY
2. Characteristics of the Accounting Information.

2.1 Relevance

1. Assists a user to form, confirm or maybe revise a

view- usually in the context of making decision
2. It is timely: accounting information is current,
available when needed and meets the target date of
submission.
3. It is predictive: relevant accounting information can
be used to predict future events.
4. It
provides
feedback:
relevant
accounting
information confirms or corrects prior expectations
5. Materiality: amounts unrecognized and omitted
when rounding and estimating are not relatively
important in making decision.
2.3
5
4
3
Understand
ability,
Comparabili
ty,
Verifiability
and
Timeliness
1. Implies the expression, with clarity, of accounting
information in such a way that it will be
understandable to users.
2. Comparable:
accounting
information allows
comparison between or among different entities.
3. Accounting information changes hinder the
comparison of operation results between periods as

LIPA CITY
the accounting used to measure those results
differ.
4. Accounting information is consistent when an entity
applies the same accounting treatment to similar
accountable events from period to period.
5. Implies that accounting information is prepared and
reported in a well-organized way.
6. Accounting information can be analyzed to provide
management with financial information that can be
used to run a business, plan ahead and to make
changes when business is not going as expected
7. Information are easily interpreted and used in
decision making (understandability)
8. It is supported by evidence such as OR, voucher,
invoices, etc
9. Accounting Information is available to decision
makers in time to influence their decisions.

2.2 Reliability or Faithful Representation

1. It is verifiable: reliable accounting information is

unbiased and free from errors.
2. It is factual:
is complete.

reliable

accounting

information

3. Information facilitates understanding and avoids

erroneous implication.

LIPA CITY
4. It is neutral: reliable accounting information doesnt
target interests of specific users of accounting
information.
5. Transactions and events are accounted for in a
manner that represents their true economic
substance rather than the mere legal form.
6. In case of conflict between substance and form, the
substance of transaction prevails.
7. Actual effects of transactions are properly
accounted and reported.

Profitability and Performance

1. Decisions made through the help of accounting
information helps to increase profit
2. Use of accounting information provides strategic way
in using resources in an efficient way
3. Use of accounting information helps lessen expenses
and eventually increase income
4. Accounting information helps predict and avoid losses.
5. Use of accounting information makes the entity flexible
in generating more income.
6. Use of accounting information makes transactions fast
and smooth.

LIPA CITY
7. Use of accounting information makes planning
effective.
8. Use of accounting information creates wider
opportunity for business growth
9. Negative result of business are easily recognized
through the help of accounting information
10. Use of accounting information develops better
communication in the organization.

Importance of accounting information in decision making.

1. The application of accounting information in decision
making will significantly improve the result of decision
made.
2. Using accounting information can make it easier for

LIPA CITY
decision makers to implement planned decision making.
3. Accounting Information can help the company to ensure
market securities.
4. Accounting information can make decision makers initiate
new relationships with
customers and suppliers.
5. Accounting information can strengthen the organization
position in negotiations with credit institutions and reduce
the costs of borrowing because of the positive effect it can
have on credit ratings.
6. Accounting
information
reduces
the
risk
of
misunderstanding and facilitates the more efficient collation
of comparable, decision relevant information from all group
companies.
7. Accounting information can help steer managers in the right
direction with solid information, not gut-feelings, that a
business is on track, as planned.
8. Accounting information helps
decisions on a timely manner.

make

sound

business

9. Accounting information can gave decision makers the clue

that something may not be going according to plan, playing
an important role in business management.
10. Accounting information is used by decision makers to see
where the business is cash-wise and to plan for financing
and other strategies for short-term and long-term planning.