Grouping information into meaningful classifications adds to its usefulness. Decision makers are interested in financial position and performance. Information is grouped accordingly into elements, which define what transactions apply to and affect financial position or performance. Changes in financial position and performance are affected by items in the elements of financial statements. An item is included in the financial statements if it meets the definition of an element of financial statements. A decision to include or exclude a certain item, even if it meets that definition, is based on what will result in the most useful information.