Difference between revisions of "Consistency"
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According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
:[[Consistency]]. The accounting principle that requires companies to follow the same accounting methods or procedures from period to period. | :[[Consistency]]. The accounting principle that requires companies to follow the same accounting methods or procedures from period to period. | ||
| + | According to the [[Corporate Strategy by Lynch (4th edition)]], | ||
| + | :[[Consistency]]. Strategy evaluation criterion associated with the strategy being in agreement with the objectives of the organization. | ||
| + | According to the [[Strategic Management by David and David (15th edition)]], | ||
| + | :[[Consistency]]. A way to evaluate strategies, i.e. to determine if a particular strategy is supportive of overall strategies/objectives/policies of the firm. | ||
==Related concepts== | ==Related concepts== | ||
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | ||
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==Related lectures== | ==Related lectures== | ||
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*[[Principles of Accounting]]. | *[[Principles of Accounting]]. | ||
| − | [[Category: Accounting]][[Category: Septem Artes Administrativi]][[Category: Articles]] | + | [[Category: International Accounting]][[Category: Septem Artes Administrativi]][[Category: Articles]][[Category: Strategic Management]] |
Latest revision as of 21:37, 15 July 2020
Consistency is the accounting principle that requires companies to follow the same accounting methods or procedures from period to period.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Consistency. The accounting principle that requires companies to follow the same accounting methods or procedures from period to period.
According to the Corporate Strategy by Lynch (4th edition),
- Consistency. Strategy evaluation criterion associated with the strategy being in agreement with the objectives of the organization.
According to the Strategic Management by David and David (15th edition),
- Consistency. A way to evaluate strategies, i.e. to determine if a particular strategy is supportive of overall strategies/objectives/policies of the firm.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
