ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COST EFFECTIVE Definition
COST EFFECTIVE is when a judgment is made that something is economical in terms of the goods or services received for the money spent.
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CONSISTENCY PRINCIPLE requires accountants to apply the same methods and procedures from period to period. When they change a method from one period to another they must explain the change clearly on the financial statements.
COST CONTROL is the process of controlling the cost of a project within a predetermined sum throughout its various stages from inception to completion.