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- Dictionarycomparability/ˌkɒmp(ə)rəˈbɪlɪti/
noun
- 1. the fact or quality of being similar and able to be compared: "there are differences in hospital recording practices that will affect the comparability of results"
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Comparability is the accounting principle that addresses the quality of accounting information and the usability of financial information. Information that is prepared using the same measurement techniques and reported in a similar fashion is considered comparable information.
: the quality or state of being comparable. Synonyms. alikeness. community. correspondence. likeness. parallelism. resemblance. similarity. similitude. See all Synonyms & Antonyms in Thesaurus. Examples of comparability in a Sentence.
COMPARABILITY definition: 1. the fact of two or more things, quantities, results, etc. being able to be compared : 2. the…. Learn more.
Comparability Concept ensures that the financial statements of one accounting period are comparable to another so that users can derive meaningful conclusions about the trends in financial performance and position of an entity over time..
When classifying mathematical objects (e.g., topological spaces), two criteria are said to be comparable when the objects that obey one criterion constitute a subset of the objects that obey the other, which is to say when they are comparable under the partial order ⊂.
Jul 15, 2024 · comparability. Definitions of comparability. noun. qualities that are comparable. synonyms: compare, comparison, equivalence. see more. Cite this entry.
1. Admitting of comparison with another or others: "The satellite revolution is comparable to Gutenberg's invention of movable type" (Irvin Molotsky). 2. Similar or equivalent: pianists of comparable ability. com′pa·ra·bil′i·ty, com′pa·ra·ble·ness n. com′pa·ra·bly adv.
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.
comparability (to/with somebody/something) the fact of being similar to somebody/something else and able to be compared. Each group will have the same set of questions, in order to ensure comparability. Want to learn more?
Oct 24, 2020 · Comparability Principle. Comparability is one of the enhancing qualitative characteristics of useful financial information. Comparability allows users to compare financial position and performance across time and across companies. Comparability is achieved by consistency.
