The concept of materiality

by | Jan 8, 2022 | Assignment

The Concept of Materiality 1. Why is the materiality of a transaction or an event a matter of professional judgement? 2. What criteria should accountants consider in determining whether a transaction or ay event is material? 3. Does the concept of materiality mean that financial statements are not precise, down to the last dollar? Does this concept make financial statements less use full to most users? Avis rent-a-car purchases a large number of cars each year for its rental fleet. The cost of any individual automobile is immaterial to Avis, which is a very large corporation. Would it be acceptable for Avis to charge the purchase of automobiles for its rental fleet directly to expense rather than to an asset account?

We help you get better grades, improve your productivity and get more fun out of college!!

Homework Answers Online

Free title page

Free reference page

Free formatting

Unlimited revisions

WhatsApp chat

How it works – it’s easy


Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on the type of assignment, number of pages, academic level and deadline.


Order process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to ensure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form and you’ll be able to download it. 

Achieve academic success with the best online tutors