Consistency

Accounting Dictionary

Consistency

Using the same accounting methods from year to year.

Consistency is a big part of comparability, ad enhancing quality of accounting. An example is utilizing the LIFO inventory method year after year after year. Another example is using straight line deprecation for all furniture purchases year after year after year.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!