Consistency

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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.

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