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In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
What else can I help you with?
Do non-disclosure agreements (NDAs) apply to illegal activity?
No, non-disclosure agreements (NDAs) do not apply to illegal activity.
Can you apply for business management without knowledge of mathematics?
Business management requires a degree of mathematics knowledge. The math required often deals with proper accounting.
What is required to earn a CMA certification?
To prepare to become a Certified Management Accountant (CMA), you should have a bachelor's degree in accounting, finance or economics. Apply for internships, apply for membership in the Institute of Management, and apply for a full-time job as a financial manager or management consultant.
What is specific accounting principle?
Accounting principles differ throughout the world. Whether you are an accounting student or an investor, you should be aware of the accounting principles that apply in your region.
How does one apply for a job in inventory accounting?
One can apply for a job in inventory accounting by going to a job hunt website such as Monster, finding a job in inventory accounting in the area in which the person lives, and sending them a resume.
Where can I apply to get my certificate in accounting?
The best place to take your test for a certificate in accounting is online. Another way to get your certificate in accounting is to take it where you live.
Where can one apply for forensic accounting jobs?
Forensic Accounting jobs are posted daily on websites like careerbuilder and Reed. If a job is required at a specific company then it would be prudent to send a CV with a covering letter explaining that you would like to be considered for such a post.
What ethics apply to an accounting firm that offer other firms with accounting services?
The accountants and CPAs of an accounting should always practice sound moral judgment while delivering accounting services to other firms. Thus, the key ethics apply to an accounting firm are integrity, objectivity and independence and due care.
What is specificity principle?
Accounting principles differ throughout the world. Whether you are an accounting student or an investor, you should be aware of the accounting principles that apply in your region.
How can I become an Accounting consultant if I already have a degree in Accounting?
You will need to get your CPA in order to become a Accounting consultant, as soon as you get your license you can apply to various companies that are looking for a consultant.
What is dimensional consistency and how does it apply to physics equations?
Dimensional consistency is symbolic calculations that involves physical measurements. In physics equations, it is used in calculating the frequency.
Where can you go to accounting school online?
There are a lot of online schools for accounting. University of Phoenix offers accounting in their online school. They provide you will ways to apply for student loans as well.
