Accounting Concepts- Materiality Concept

We talk about the Materiality Concept in short with the help of motion graphics.

Link for theFull Disclosure Concept video-

If you have any questions- Drop em into the comment section and I will answer them.

#accountancy #conservatism #motiongraphics #accountingconcept #goingconcern #moneymeasurement #costconcept #dualaspectconcept #fulldisclosure #revenuerecognition #materiality Concept
#CBSE #CA #CS #revision #education #india

[EthanCristoffCatibo]

Clear and Simple!! Thank U so Much Sir!!! Well-explained!!

[zakariahassan]

The way you have explained, I don't think I will ever forget materiality concept again. Thanks you very much

[Sagmanbennetrobbins]

Materiality Concept is more about including what is important rather than excluding the immaterial.

[UCOSuruthikaA]

Short and understandable.
Thank you..🤝

[sonaliraninayak]

Thank u sir I understood the concept perfectly.Now I can teach someone this concept perfectly

[MrDipzee]

Thank you!
Whenever I think of materiality, I will think of the WH as an example!

[cactusgirl]

I have an exam tomorrow and this is definitely going to save me! Thank you so much and I hope you post more videos in the future

[aayushnakarmi]

Please keep making more videos. Explained very clearly.

[onzbrau]

very clear and well articulated, thank you

[ankitasinha]

Can you briefly explain the last line, how irrelevant information become relevant for user?

[harrietfyfe]

what percentages would you class as the boundary's between materiality and immateriality

[aiman]

hi!

so it means that materiality concept is basically an amount is not significant it is immaterial. and when it is significant, it is material?

for example, the small company has a stock of $20, 000 and have loss about $10, 000, this is considered as materiality?
and if a big company has a stock of $1 Million and have loss about $10, 000, this is considered as immaterial?

this is what i understand so feel free to correct me bc im not sure if i understand correctly

[Hellosofiyan]

Can you give a scenario that there is application of materiality Principle?

[debasislahiri]

I read somewhere that profit arising from the sale of any fixed asset should appear in the profit and loss account although it is a capital profit . How it is related to this concept. Thanks in advance

[albertanettey]

Please do you mean anything which is not material can not be recorded in the financial statement?

[mrunalgaikwad]

Help me by uploading more videos related to accounting, specially bcom.🙏

[ashikanandshaw]

Thodi si awaj apki Vijay Raj se milti h