Consistency demands that a cost that is relevant in one decision be regarded as relevant in other decisions as well.

Consistency

Refers to the accounting principle that mandates the same accounting methods and procedures to be followed from one financial period to another to ensure comparability of financial statements over time.

Relevant

Pertaining to something that is closely connected or appropriate to the matter at hand, often used in decision-making to determine if information should be considered.

Decisions

Choices made by individuals or organizations concerning options that affect processes, strategies, or outcomes.