Consistency principle - Financial definition
Translations: FR principe de cohérence (n.m.) , principe de permanence des méthodes (n.m.) ES principio de coherencia (n.m.) , principio de permanencia de métodos (n.m.) DE Grundsatz der Bilanzkontinuität (n.m.)
Concise definition of the term consistency principle
The consistency principle is a [ACR0011256S]GAAP[ACR0011256E] constraint which stipulates that the company needs to use the same accounting principles and methods from period to period.
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