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The meaning of "relevance" in U.S. law is reflected in Rule 401 of the Federal Rules of Evidence. That rule defines relevance as "having any tendency to make the existence of any fact that is of consequence to the determinations of the action more probable or less probable than it would be without the evidence".
A relevant cost (also called avoidable cost or differential cost) [1] is a cost that differs between alternatives being considered. [2] In order for a cost to be a relevant cost it must be: Future
In order to evaluate how well an information retrieval system retrieved topically relevant results, the relevance of retrieved results must be quantified. In Cranfield-style evaluations, this typically involves assigning a relevance level to each retrieved result, a process known as relevance assessment. Relevance levels can be binary ...
The unit of measure in accounting shall be the base money unit of the most relevant currency. This principle also assumes the unit of measure is stable; that is, changes in its general purchasing power are not considered sufficiently important to require adjustments to the basic financial statements."
Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management discussion and analysis: [1]
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Substance over form is an accounting principle used "to ensure that financial statements give a complete, relevant, and accurate picture of transactions and events". If an entity practices the 'substance over form' concept, then the financial statements will convey the overall financial reality of the entity (economic substance), rather than simply reporting the legal record of transactions ...
Following is an approach to determine and name degrees of relevance and how to utilize the results: Relevance level "High" – The highest relevance is objective information directly about the topic of the article. "John Smith is a member of the XYZ organization" in the "John Smith" article is an example of this.