Business Terms and Jargon Explained

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.

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Windfall Profit AKA Committal proceedings
Fiat money Ad Idem Institutional Capacity
Discretionary Fiscal Policy EMEAI MIME
fringe benefits Undercapitalized Materiality
Holding Companies Dividend Unit of trading
DAN Published Information CSS
Macro Virus Quick wins Not negotiable
CMS ROI Company Car
Planchet Income Protection Policy Profit
adeem Buy back Acquirer
Redundancy AVTUR Variable Rate Loan
Chambers Ex Stock Alimony
Derivative action Real Bolivar

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

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