The consistency principle is based on the idea that people react according to what will benefit them, when it is consistent with their need for acceptance.

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The consistency principle in accounting refers to the idea that a company should consistently use the same accounting methods and principles from one period to the next, unless a change is justified. This principle is not about people reacting according to benefits or their need for acceptance, but about maintaining uniformity in financial reporting.

The Consistency Principle Is Based on the Idea That People