consistency concept — One of the four fundamental accounting concepts laid down in Statement of Standard Accounting Practice (SSAP) 2, Disclosure of Accounting Policies; it is also recognized in the Companies Act (1985) and the EU s Fourth Directive. The concept… … Accounting dictionary
consistency concept — One of the four fundamental accounting concepts laid down in Statement of Standard Accounting Practice (SSAP) 2, Disclosure of Accounting Policies; it is also recognized in the Companies Act (1985) and the EU s Fourth Accounting Directive The… … Big dictionary of business and management
concept — con‧cept [ˈkɒnsept ǁ ˈkɑːn ] noun 1. [countable] MARKETING an idea for a product: • the management of an R&D process, from an original concept through to marketing, manufacture and end use ˈmarketing ˌconcept [countable] MARKETING an idea for a… … Financial and business terms
consistency — The regular treatment over time of an accounting item or procedural matter. Consistency is a fundamental concept to both accounting and auditing, and its promotion is one of the main purposes of *Generally Accepted Accounting Principles and… … Auditor's dictionary
Novikov self-consistency principle — The Novikov self consistency principle, also known as the Novikov self consistency conjecture, is a principle developed by Russian physicist Igor Dmitriyevich Novikov in the mid 1980s to solve the problem of paradoxes in time travel, which is… … Wikipedia
Internal consistency of the Bible — An American family Bible dating to 1859. The question of the internal consistency of the Bible concerns the coherence and textual integrity of the Biblical scriptures. This has long been an issue for Christians and Jews, who consider the Bible… … Wikipedia
Convention of consistency — The convention of consistency means that same accounting principles should be used for preparing financial statements for different periods. It enables the management to draw important conclusions regarding the working of the concern over a… … Wikipedia
Solution concept — In game theory, a solution concept is a formal rule for predicting how the game will be played. These predictions are called solutions , and describe which strategies will be adopted by players, therefore predicting the result of the game. The… … Wikipedia
period concept — The accounting concept that the financial statements of a company should be produced after regular periods. The profit and loss account and balance sheet are prepared at regular intervals, for example annually, instead of after each transaction… … Accounting dictionary
accounting concepts — accounting principles; = fundamental accounting concepts The basic theoretical ideas devised to support the activity of accounting. As accounting developed largely from a practical base, it has been argued that it lacks a theoretical framework.… … Accounting dictionary
