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Materiality
Materiality in Accounting: Determining Significance
September 16, 2023
What is materiality in accounting?
Learn about materiality, a concept in accounting that considers the significance of an item or error in financial statements, influencing the level of disclosure and correction required.
Tags : MaterialityIncorporating Materiality in Financial Reporting
December 9, 2023
How does financial reporting address the concept of materiality?
Financial reporting considers materiality to determine the relevance and significance of information. Material items, if omitted or misstated, could influence users' decisions, thus requiring disclosure.
Tags : Materiality , Financial Reporting , Significance