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Third Dimensional Consistency

A state of consistency that exists between a specific firm and other firms in the same industry or sector. This...

Horizontal Consistency

A state of consistency that exists across financial statements of an entity across different accounting periods. This relates to application...

Vertical Consistency

A state of consistency that should exist across financial statements of an entity in a given period and at a...

Consistency Concept

An accounting concept that calls for establishing a level of conformity in all accounting treatment, methods, policies and procedures across...

Incidents

 Expenses that are incidental, i.e., minor. In connection with a service or an item, this refers to gratuities and other...

Incidentals

 Expenses that are incidental, i.e., minor. In connection with a service or an item, this refers to gratuities and other...

Incidental Expenses

 Expenses that are incidental, i.e., minor. In connection with a service or an item, this refers to gratuities and other...

Full Disclosure Principle

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...

Full Disclosure Concept

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...

Depreciable Asset

An asset that is subject to depreciation since its acquirement and over the course of its useful life. In this...