answersLogoWhite

0

What does materiality mean?

User Avatar

Anonymous

9y ago
Updated: 5/16/2022

a type of an object. like metal,wood,iron and stuff. alrighttt...

User Avatar

Susie Mosciski

Lvl 10
3y ago

What else can I help you with?

Related Questions

The factor that affecting the assessment of materiality?

what are the factors affecting the assessment of materiality


What is Materiality in a financial integrity state managers accountability act audit?

The question of materiality arose from an interview with CAL EPA . The question asked for a definition of materiality and substantial.


What is materiality principle?

materiality- financial reporting is concerned only with information that is significant to affect valuations and decisions.


What does the materiality of a letter considers?

impression it makes.


What are the constraints affecting accounting information?

Materiality and cost


The details or clues that create a letter's impression are its?

materiality.


How is materiality determined?

Materiality is typically determined by assessing whether information has the potential to significantly impact the decisions of users of financial statements. Factors considered include the nature and size of the item, its potential impact on financial statements, and its relevance to users. Materiality thresholds are often established based on quantitative benchmarks or professional judgment.


Who proposed that laws that pertained to materiality on earth also applied to the heavens?

Kepler


How are the concepts of materiality and cost-benefit related?

Materiality and cost-benefit concepts are intertwined in that materiality assesses the relevance and significance of information in financial reporting, while cost-benefit analysis evaluates whether the benefits of providing that information outweigh the associated costs. An item is deemed material if its omission or misstatement could influence decision-making, suggesting that the benefits of disclosure should surpass the costs involved in gathering and reporting the information. Therefore, determining materiality often requires a cost-benefit perspective to ensure that stakeholders receive valuable insights without incurring excessive costs.


What has the author Elizabeth Williamson written?

Elizabeth Williamson has written: 'The materiality of religion in early modern English drama'


What is the synonym of relevance?

applicability, application, appositeness, bearing, concernment, congruity, germaneness, importance, materiality, pertinency, purpose, relevancy


What is the term for the quality of matter present?

The term for the quality of matter present is "materiality." It refers to the physical substance or tangible nature of something.