a. The value of information The information provided by the EFE reduces uncertainty and supports the decision-making process in a company; That is why the information provided by this basic financial statement is characterized by its accuracy, the way it is structured and presented, the frequency in which it is reached, origin, temporality, relevance, opportunity, and for being complete information.
The value of the information given by this basic financial statement is also in the message, the additional financial gain that can be achieved by using such information, etc.
The value does not depend on how much information the message contains, but on its relationship to the amount of knowledge previously collected and stored.