The effectiveness of financial reporting is defined as a property of the financial reports that are useful for use in financial reporting, including the accuracy of time enough consecutive reporting reflects the true economic value.
Effective financial reporting is defined as a property of the financial report are useful for use in financial reports, including the report accurate, timely, adequate to reflect the true economic value.
The efficiency of financial report is scheduled to be the property of the financial reports are useful for applications in finance which includes reporting accuracy report on time sufficient due to reflect historical reality.Arrow economic value.