Consistency

Financial reporting - accounting concepts.

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.

See also

• Accounting concepts
• Accruals concept
• Disaggregation
• Double entry
• Double entry bookkeeping
• Going concern
• Journal
• Ledger
• Prudence