Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Expalain what is consistency of presentation means in relation to the presentation of financial statements?

Accounting Auditing Frameworks Economics Finance
user-image
Question added by tshegofatso chakane
Date Posted: 2017/05/04
Upvote (0) Views (1) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
JULIA BEGSENG
by JULIA BEGSENG , Bookkeeper , Saint Joseph Parish-Kayapa Multi-Purpose Credit Union

The consistency of presentation in relation to the presentation of financial statements has two concepts; First, with in a given period, similar items should receive the same accounting treatment ,second, the same accounting treatment should be applied from one accounting period to the next.

Write Your Answer
More Questions Like This