71 | SOCIALIZANDO O CONHECIMENTO
Contributions of Qualitative Information Characteristics to Mitigate Knowledge Asymmetry in Firm Liquidity Management José Antonio de França
ABSTRACT This article introduces a discussion about
the
emanating from the Federal Accounting
1. INTRODUCTION information
qualitative
characteristics, represented verification capacity and reliable representation, associated with a quantitative model
EThis article brings to the discussion a
summarized
qualitative
contribution
characteristics
of of
the the
information, verification capacity and reliable representation, associated with
for measuring nominal and effective
the “Necessary and Sufficient Conditions
payment
for
capacities,
capable
of
Liquidity
Management”
model,
mitigating the asymmetry effect and
introduced by De França and Sandoval
signaling a tendency towards neutrality
(2019), to mitigate the asymmetry effect
of the informational content of the
contained in the disclosure of financial
liquidity and solvency of the firm, based
information related to the firm's ability
on the financial efficiency ratio (FER) and the liquidity sustainability ratio (LSR), in theoretical perspective. Keywords: Information
Information
asymmetry.
neutrality.
Information
qualitative
characteristics.
Financial
efficiency
ratio
Liquidity
(FER).
sustainability ratio (LSR).
to pay, disclosed by Accounting, in the perspective that the information may be neutral. The
accounting
information
to
be
considered useful must be provided with qualitative characteristics that lend the basic foundations to aggregate trust and ensure benefits in decision making. In this context, the Brazilian accounting system,
Council (FAC), since 1993, through CFC Resolution 750 (revoked), signals the relevance of these characteristics (CFC, 1993). Recently, with the adoption of the IFRS (International Finance Reporting Standards), these characteristics are even
more
necessary,
permeating
the entire conceptual framework of accounting applicable to public and private sector businesses (CFC, 2016 and CFC, 2019). The qualitative characteristics of the information are classified as fundamental and for improvement, and have the role of providing credibility and reducing asymmetries between the Entity and the User. The characteristics classified as fundamental refer to the relevance and reliable representation of the information, while the characteristics classified as improvement are those identified with
