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Dictionary entry overview: What does expediency mean? â¢ EXPEDIENCY (noun) The noun EXPEDIENCY has 1 sense: 1. the quality of being suited to the end in view Familiarity information: EXPEDIENCY used as a noun is very rare.
Any modifications subsequent to the date the expedient is applied would be accounted for in accordance with the modifications guidance in new revenue standard. Entities would be required to disclose the practical expedient, if elected.