According to the FASB and IASB conceptual frameworks, the quality of information that helps users forecast future outcomes is:
a. Representational faithfulness. 
b. Neutrality. 
c. Predictive value. 
d. Confirming value. 
Explanation 
Choice "c" is correct. The quality of information that helps users forecast future outcomes is predictive value. Forecasting is predicting. 
Choice "d" is incorrect. The quality of information that helps users forecast future outcomes is called predictive value, not confirming value. Confirming value provides feedback about *uations previously made by users. 
Choice "a" is incorrect. The quality of information that helps users forecast future outcomes is called predictive value, not representational faithfulness. Representational faithfulness means that financial information faithfully represents the reported economic phenomena. 
Choice "b" is incorrect. The quality of information that helps users forecast future outcomes is called predictive value, not neutrality. Neutrality is the depiction of financial information that is free from bias in selection or presentation.