1.1.4 The consistency concept requires that;

A. Items that have been combined in the current financial period do not have to be combined in the same way in the next financial period. B. Some items are treated in the same way within an accounting period. C. Every single item in the statement of financial position only must be treated in the same way. D. All similar items are treated in the same way within an accounting period as well as from one year to the next year.