Consistency: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Add link to Double entry page and add note about consistency supporting comparability.) |
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Consistency requires that like items be treated consistently within each accounting period and between accounting periods. | Consistency requires that like items be treated consistently within each accounting period and between accounting periods. | ||
This helps to ensure that financial information is comparable over time. | |||
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* [[Accruals concept]] | * [[Accruals concept]] | ||
* [[Disaggregation]] | * [[Disaggregation]] | ||
* [[Double entry]] | |||
* [[Going concern]] | * [[Going concern]] | ||
* [[Prudence]] | * [[Prudence]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 18:04, 10 February 2017
One of a small number of fundamental accounting concepts.
Consistency requires that like items be treated consistently within each accounting period and between accounting periods.
This helps to ensure that financial information is comparable over time.
