<Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (November 2008) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (November 2008) (Learn how and when to remove this template message) </Td> </Tr> <P> In accounting, the convention of consistency is a principle that the same management accounting principles should be used for preparing financial statements over a number of time periods . This enables the management to draw important conclusions regarding the working of the concern over a longer period . It allows a comparison in the performance of different periods . If different accounting procedures and processes are used for preparing financial statements of different years then the results will not be comparable because these will be based on different postulates . </P> <P> The concept of consistency does not mean that no change should be made in accounting procedures . There should always be a scope for improvement but the changes should be notified in the statements . The impact of changes of procedures should be clearly stated . It will enable the readers to analyze information according to new procedures . In the absence of any information regarding the change, it will be presumed that old methods have been used this time also . Whenever, consistency is not followed this fact may be fully disclosed . For example, if a change in the method of charging depreciation is made or a change is made in the method of allocating overhead expenses to different products, a foot note to the financial statements should be given indicating the extent of change . If possible, net monetary effect of these changes should also be given . </P>

What is the meaning of consistency in accounting
find me the text answering this question