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Home > QFINANCE Dictionary > Definition of consistency

Definition of

consistency

Accounting

using same accounting rules every year the concept that a company should apply the same rules and standards to its accounting procedures for similar items and from one year to the next. In the United Kingdom, deviation from consistency must be noted in the company's annual report.

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Definitions of ’consistency’ and meaning of ’consistency’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’consistency’ and other financial terms with our online QFINANCE Financial Dictionary.

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