An accounting principle that states that financial reports only need to include information that will be significant (material) to their users. For example, an audit report would not need to specify the number of paper clips used by a bank. For a large corporation, an expenditure of a few thousand dollars would not be material, but for a smaller company it might be.
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A classic example of the materiality concept or the materiality principle is the immediate expensing of a $10 wastebasket that has a useful life of 10 years.
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- materiality principle - Spanish translation - bab.la English-Spanish ...
Translation for 'materiality principle' in the free Spanish dictionary. More Spanish translations for: principle, in principle, on principle, cost principle.