The convention of comparability
The concept of comparability is used in accounting whereby a business is comparable to different periods and with other companies. This is used as a measure of the business's performance.
George Washington was anonymously elected as chairman for the convention.
It is to compare the two different inputs
For comparability.
The convention made it so that each state would hold a convention to ratify the Constitution. This meant a series of compromises and ratifications which were heavily influenced by Benjamin Franklin.
The convention made it so that each state would hold a convention to ratify the Constitution. This meant a series of compromises and ratifications which were heavily influenced by Benjamin Franklin.
The convention made it so that each state would hold a convention to ratify the Constitution. This meant a series of compromises and ratifications which were heavily influenced by Benjamin Franklin.
The convention made it so that each state would hold a convention to ratify the Constitution. This meant a series of compromises and ratifications which were heavily influenced by Benjamin Franklin.
The convention of consistency refers to the principle that similar transactions should be accounted for in the same way throughout the financial reporting process. This ensures comparability across financial statements over time, allowing stakeholders to make informed decisions based on reliable data. Consistency aids in maintaining transparency and trust in financial reporting, as it reduces the potential for manipulation or misinterpretation of financial results.
Yes
Relevance, comparability and understandability.