comparability

The accounting principle that financial information for a company should be comparable with financial information for other similar companies. Comparability is one of the most important characteristics of useful financial information. The concept is defined in the Accounting Standards Board's Statement of Principles and in Financial Reporting Standard 18, Accounting Policies.

Accounting dictionary. 2014.

Look at other dictionaries:

  • comparability — n. a similarity allowing comparison; an approximate equivalence. Syn: comparison, compare, equivalence. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • comparability — index analogy, balance (equality), collation, correspondence (similarity), identity (similarity) …   Law dictionary

  • Comparability — See also: Comparison In mathematics, any two elements x and y of a set P that is partially ordered by a binary relation ≤ are comparable when either x ≤ y or y ≤ x. If it is not the case that x and y are comparable, then they are called… …   Wikipedia

  • comparability — The accounting principle that financial information for a company should be comparable with financial information for other similar companies. Comparability is one of the most important characteristics of useful financial information. The concept …   Big dictionary of business and management

  • comparability — palyginamumas statusas T sritis Švietimas ir mokslas apibrėžtis Įvertinimo laipsnis, rodantis, kiek objektai, duomenys, informacija ar kitokie dalykai tarpusavyje gali skirtis arba skiriasi. atitikmenys: angl. comparability pranc. comparabilité,… …   Aiškinamasis kvalifikacijų sistemos terminų žodynas

  • comparability — comparable ► ADJECTIVE 1) able to be likened to another; similar. 2) of equivalent quality. DERIVATIVES comparability noun comparably adverb …   English terms dictionary

  • comparability — noun Date: 1843 the quality or state of being comparable …   New Collegiate Dictionary

  • comparability — See comparable. * * * …   Universalium

  • comparability — noun a) The condition of related objects. b) Comparison or equivalence …   Wiktionary

  • Comparability — Vergleichbarkeit; qualitative Anforderung an Rechnungslegungsinformationen nach den ⇡ US GAAP sowie nach den ⇡ IAS/IFRS. Vgl. auch ⇡ Conceptual Framework und ⇡ Framework …   Lexikon der Economics


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