Business terms and jargon explained. Your business dictionary

What is Materiality

If something is material then it means something and has an impact. If something is immaterial then it is said to be insignificant. This term is used in the accounting and legal arena.

If a multi million pound company forgot to include in its accounts a receipt for £5 then it would not be seem as making the final accounts not a true and fair statement. It can just include it in the next year. It does not matter.

If a person who is accused of stealing has been seen on camera somewhere else at the time the crime was committed then it would be material to the case.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

 

Import VAT	European Central Bank - ECB	Charge Certificate	Deliverable
APR	Testimony	Paanga	Tala
Arraignment	Arbitration	Write off	DLL
Yankee	Dominium	Zero Haven	Land Registry
Critical Success Factors	Direct Debit	Voting right	Promotion
Self Assessment	Principal trade	CRN	Demilitarised Zone - DMZ
Jobber	De jure	Accounts payable	Chattels
Melt Value	Takeover	Compensation order	Nakfa
Bank Transfer	Up Current	Risk	Tax Form - P14
Preference Shares	Tax Form - P9	Administrator	Flexitime

Term created / updated 2009-09-29 12:33:27

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.