List A 1. Predictive value
2. Relevance
3. Timeliness
4. Distribution to owners
5. Confirmatory value
6. Understandability
7. Gain
8. Faithful representation
9. Comprehensive income
10. Materiality
11. Comparability
12. Neutrality
13. Recognition
14. Consistency
15. Cost effectiveness
16. Verifiability
List B
a. Decreases in equity resulting from transfers to owners.
b. Requires consideration of the costs and value of information.
c. Important for making interfirm comparisons.
d. Applying the same accounting practices over time.
e. Users understand the information in the context of the decision being made.
f. Agreement between a measure and the phenomenon it purports to represent.
g. Information is available prior to the decision.
h. Pertinent to the decision at hand.
i. Implies consensus among different measurers.
j. Information confirms expectations.
k. The change in equity from nonowner transactions.
l. The process of admitting information into financial statements.
m. The absence of bias.
n. Results if an asset is sold for more than its book value.
o. Information is useful in predicting the future.
p. Concerns the relative size of an item and its effect on decisions.

1. Distribution to owners.

2. Cost effectiveness.

3. Comparability.

4. Consistency.

5. Understandability.

6. Faithful Representation.

7. Timeliness.

8. Relevance.

9. Verifiability.

10. Confirmatory Value.

11. Comprehensive income.

12. Recognition.

13. Neutrality.

14. Gain.

15. Predictive value.

16. Materiality.

Explanation:

The following are terminologies used in the field of accounting or banking and finance;

a. Distribution to owners: Decreases in equity resulting from transfers to owners.

b. Cost effectiveness: Requires consideration of the costs and value of information.

c. Comparability: Important for making interfirm comparisons.

d. Consistency: Applying the same accounting practices over time.

e. Understandability: Users understand the information in the context of the decision being made.

f. Faithful Representation: Agreement between a measure and the phenomenon it purports to represent.

g. Timeliness: Information is available prior to the decision.

h. Relevance: Pertinent to the decision at hand.

i. Verifiability: Implies consensus among different measurers.

J. Confirmatory Value: Information confirms expectations.

k. Comprehensive Income: The change in equity from nonowner transactions.

l. Recognition: The process of admitting information into financial statements.

m. Neutrality: The absence of bias.

n. Gain: Results if an asset is sold for more than its book value.

o. Predictive value: Information is useful in predicting the future.

p. Materiality: Concerns the relative size of an item and its effect on decisions.