Difference between revisions of "Consistency"

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According to the [[Corporate Strategy by Lynch (4th edition)]],
 
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.
 
:[[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]].
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 lectures==
 
==Related lectures==

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


Related lectures