20 Synonyms & Antonyms of UNDERSTANDABILITY

understandability meaning

The preceding concepts do not mean that complex information should be excluded from the financial statements. In these situations, apply the understandability concept as much as possible, but still present the required information. Understandability is the concept that financial information should be presented so that a reader can easily comprehend it. This concept assumes a reasonable knowledge of business by the reader, but does not require advanced business knowledge to gain a high level of comprehension.