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Consistency within the workplace is great for building up your reputation as an organization that produces.
Accounting must be consistent.
Reports should be prepared and presented from one period to the next with thesame generally accepted accounting concepts and principles.no change of methods.
Consistency is giving the right report
Consistency Accounting reports from one period to the next should be prepared on the same basis. The owner uses one method of depreciation for a particular asset in one period and an alternative method in the second period.
Accounting -> Accounting Principles: Consistency Consistency Accounting reports from one period to the next should be prepared on the same basis. Breach: The owner uses one method of depreciation for a particular asset in one period and an alternative method in the second period.
Accounting report should prepares every year on the basis popular accepted accounting principles. In most of the countries, Accounting reports in forms of cash flow, profit and loss account and balance sheet, etc should be prepared half-yearly.
consistency is very important, what I get from breach in depreciation, is a take down from one end to make the other work.
What does consistency mean?
Accounting reports from one period to the next should be prepared on the same basis.