objectivity principle


A requirement in accounting whereby the information that is supplied in a company's financial statement must be supported by actual and real evidence versus just simply a personal feeling or opinion. This guideline helps to add reliability to the information.

Use this term in a sentence

You should try and make sure that you follow the objectivity principle so that you know how things are going.

​ Was this Helpful? YES  NO 4 people found this helpful.

The objectivity principle helped to ensure that the quality of the accounting records was excellent and no inaccuracies were recorded.

​ Was this Helpful? YES  NO 10 people found this helpful.

In keeping with the objectivity principle, the company's accountants worked to assemble the necessary proof to reassure the investors of the company's financial integrity.

​ Was this Helpful? YES  NO 11 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
objectivity obligate