- The accounting principle that the financial information provided by a company should be such that its significance is capable of being perceived by a person with a reasonable knowledge of business and accounting and a willingness to study it with reasonable diligence. The information should not leave out anything material, but should not be so comprehensive that the main points of significance are obscured. The concept is defined in the Accounting Standards Board's Statement of Principles and in Financial Reporting Standard 18, Accounting Policies.
Accounting dictionary. 2014.
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understandability — index coherence Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
understandability — The comprehension of a matter. Understandability is central to auditing in two senses: (i) An auditor is unable to perform satisfactory auditing duties in relation to an organization, activity, or asset if it is beyond his or her comprehension;… … Auditor's dictionary
understandability — noun see understand … New Collegiate Dictionary
understandability — See understandable. * * * … Universalium
understandability — noun The property of being understandable … Wiktionary
understandability — n. quality of being comprehendible; condition of being understandable … English contemporary dictionary
understandability — The accounting principle that the financial information provided by a company should be such that its significance is capable of being perceived by a person with a reasonable knowledge of business and accounting and a willingness to study it with … Big dictionary of business and management
understandability — un·der·stand·abil·i·ty … English syllables
understandability — noun the quality of comprehensible language or thought • Syn: ↑comprehensibility • Ant: ↑incomprehensibility (for: ↑comprehensibility) • Derivationally related forms: ↑understandable, ↑ … Useful english dictionary
understandable — understandability, n. understandably, adv. /un deuhr stan deuh beuhl/, adj. capable of being understood; comprehensible. [1350 1400; ME: orig., capable of understanding; see UNDERSTAND, ABLE] * * * … Universalium