This paper discusses qualitative properties of the two-term linear fractional difference equation where , , and is the α th order Riemann-Liouville difference operator. For this purpose, we show that this fractional equation is the Volterra equation of convolution type. This enables us to analyse its qualitative properties by use of tools standardly employed in the qualitative investigation of Volterra difference equations. As the main result, we derive a sharp condition for the asymptotic stability of the studied equation and, moreover, give a precise asymptotic description of its solutions. MSC:39A30, 39A12, 26A33.