Objectivity Definition - What is Objectivity?

Objectivity definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. The term objectivity can be defined as: Concept that prescribes independent, unbiased evidence to support financial statement information. Objectivity is a component that help achieve the goal of reliability of the financial statement, objectivity adding to trust in the process. Factors that help with objectivity include the self-regulation of the accounting profession, regulation and standards like GAAP, and an auditing process.
Why Learn Accounting - Financial Accounting / Managerial Accounting
101 Double Entry Accounting System Explained - Accounting Equation
101 Cash vs Accrual - Cash Method / Accrual method differenc
101 Revenue Recognition Principle
Double Entry Accounting System Explained - Balance Sheet
101 Income Statement Introduction
101 Accounting Objectives - Relevance Reliability Comparability
101 Transaction Rules - Accounting Equation
101 Transaction Throught Process / Steps - Accounting Equation
101 Owner Deposits Cash Transaction Accounting Equation
101 Work Completed for Cash Transaction Accounting Equation
100.110 Pay Employee with Cash Transaction Accounting Equati
200 Debits & Credits Normal Balance - Double Entry Accounting Sy
200 Debits & Credits - One Rule to Rule Them All