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Accounting Concepts Explained

Wednesday, September 30, 2009. Materiality is a concept which is of huge importance in the Audit of an organization. An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Budgets - An Overview. Budgeting involves setting out a plan of action which serves a.

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Accounting Concepts Explained

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Wednesday, September 30, 2009. Materiality is a concept which is of huge importance in the Audit of an organization. An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Budgets - An Overview. Budgeting involves setting out a plan of action which serves a.

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This web page concepts-accounting.blogspot.com states the following, "Wednesday, September 30, 2009." We saw that the webpage said " Materiality is a concept which is of huge importance in the Audit of an organization." It also said " An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Budgeting involves setting out a plan of action which serves a."

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