CFA Practice Question

CFA Practice Question

Which accounting principle is consistent with reporting financial results that can be compared with previous periods?
A. materiality
B. consistency
C. matching
Explanation: The consistency principle requires that an accounting procedure, once adopted by a company, remain in use from one period to the next unless users are informed of the change.

User Contributed Comments 1

User Comment
thebkr7 Transparency
Comparability
Consistency
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