objectivity concept


An idea that accounting decisions should be made independently of biases and subjective methods and based instead on measurable assessments that can be supported by additional evidence. When a business employs the objectivity concept in its accounting practices, two accountants should come up with the same overall result when reviewing its financial documentation.

Related Videos


Have a question about objectivity concept? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z