Search results
- Dictionarymateriality/məˌtɪərɪˈalɪti/
noun
- 1. the quality or character of being material or composed of matter: "the exhibition explores the materiality of the body"
Powered by Oxford Dictionaries
Jan 5, 2016 · Materiality is an accounting principle which states that all items that are reasonably likely to impact investors’ decision-making must be recorded or reported in detail in a business’s financial statements using GAAP standards.
In the social sciences, materiality is the notion that the physical properties of a cultural artifact have consequences for how the object is used. [1] .
MATERIALITY definition: a measure of how important a piece of information is when making a decision: . Learn more.
Materiality defines the threshold or cutoff point after which financial information becomes relevant to the decision making needs of the users. Materiality in accounting relates to the significance of transactions, balances and errors contained in the financial statements.
1. : the quality or state of being material. 2. : something that is material. Synonyms. actuality. case. fact. reality. See all Synonyms & Antonyms in Thesaurus. Examples of materiality in a Sentence. preferred a single materiality to a slew of hypotheticals the materiality of that fact is not in dispute.
MATERIALITY meaning: a measure of how important a piece of information is when making a decision: . Learn more.
2 meanings: 1. the state or quality of being physical or material 2. substance; matter.... Click for more definitions.
Materiality is the quality of a physical substance that you can actually feel. Seeing a fluffy beanbag chair online is one thing, but in-person, you can appreciate its materiality.
Materiality definition: material nature or quality.. See examples of MATERIALITY used in a sentence.
Materiality is a GAAP principle that determines whether discrepancies in financial reporting, such as an omission or misstatement, would impact a reasonable user’s decision-making. Quantitative and qualitative characteristics can determine whether information is material.
