materiality

Business

(noun)

The state of being consequential in the making of a decision.

Related Terms

  • hronological
  • Principal-agent problem
  • chronological
  • audit
  • financial accounting
Accounting

(noun)

Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount, transaction, or discrepancy. The assessment of what is material is a matter of professional judgment.

Related Terms

  • accrual
  • generally accepted accounting principles

Examples of materiality in the following topics:

  • Material Culture

    • In the social sciences, material culture refers to the relationship between artifacts and social relations.
    • Material culture consists in physical objects that humans make.
    • Material culture is also a term used by historians, sometimes termed "material history," which refers to the study of ancient objects and artifacts in order to understand how a particular culture was organized and functioned over time.
    • They constitute an increasingly significant part of our material culture.
    • Give examples of material culture and how it can help sociologist understand a particular society
  • Materials Handling

    • Materials handling is the movement, storage, control, and protection of materials during their manufacturing, distribution, consumption, and disposal.
    • Material Handling is the movement, storage, control and protection of materials, goods, and products throughout the process of manufacturing, distribution, consumption, and disposal.
    • The material handling industry manufactures and distributes the equipment and services required to implement material handling systems.
    • Material handling also can consist of sorting and picking, as well as automatic guided vehicles.
    • The material handling system (MHS) is a fundamental part of a flexible manufacturing system, since it interconnects the different processes supplying and taking out raw material, workpieces, sub-products, parts, and final products.
  • Using Supporting Materials Effectively

    • Supporting materials are effective only if they help persuade the audience.
    • Supporting materials are the difference between an opinion and a convincing argument.
    • Supporting materials are effective only if they help to persuade the audience.
    • The type of supporting materials that should be deployed depend on the following:
    • Available supporting material: not all types of supporting materials exist for all arguments.
  • Finding Materials in a Library

    • Physical materials are categorized by a numbering system, and digital materials are easily searchable on library computers.
    • There are a number of ways to begin the search for materials.
    • Since the materials are placed in order on the shelves, finding the material is a matter of just finding the section with the corresponding codes.
    • Of course, not all materials are on the shelves at all times.
    • They will contact you when the material comes in so you can come pick it up.
  • Paramagnetism and Diamagnetism

    • Paramagnetism is the attraction of material while in a magnetic field, and diamagnetism is the repulsion of magnetic fields.
    • Paramagnetic materials have a small, positive susceptibility to magnetic fields.
    • These materials are slightly attracted by a magnetic field and the material does not retain the magnetic properties when the external field is removed, as illustrated in .
    • Paramagnetic materials include magnesium, molybdenum, lithium and tantalum.
    • Orientation in paramagnetic material when electric field is applied (right image) and removed (left image).
  • Ferromagnetism

    • When a magnet comes into close proximity with a previously unmagnetized ferromagnetic material, it causes local magnetization of the material with closest unlike poles.
    • Regions within the material (called domains) act like small bar magnets.
    • Thus ferromagnetism only occurs in materials with partially filled shells.
    • Such materials are called ferromagnetic, after the Latin word for iron, ferrum.
    • Other materials exhibit weak magnetic effects, detectable only with sensitive instruments.
  • Modeling

    • It is an additive process in which material is steadily built up to produce the finished figure.
    • Typical modeling materials include clay, plaster, wax, paper and papier-mache .
    • Modeling clays vary greatly in material composition and production processes.
    • Papier-mâché is another material that is often used for modeling.
    • Papier-mâché has a long history as a sculpting material due to its relatively simple composition.
  • Nonmaterial Culture

    • Material and non-material culture are two parts of culture.
    • For example, patriotism is a type of value, and is therefore part of non-material culture.
    • Culture as a general concept consists of both material and non-material culture.
    • In contrast, non-material culture does not include physical objects or artifacts.
    • Analyze the different ways norms, values and beliefs interact to form non-material culture
  • Conductors and Insulators

    • Based on the ability to conduct current, materials are divided into conductors and insulators.
    • All materials can be categorized as either insulators or conductors based on a physical property known as resistivity.
    • An insulator is a material in which, when exposed to an electric field, the electric charges do not flow freely—it has a high resistivity.
    • Conversely, a conductor is a material that permits the flow of electric charges in one or more directions—its resistivity is low.
    • This usually is the current at which the heat released due to resistance melts the material.
  • Typical forms of waste

    • Moving items: needlessly shifting, storing, stacking or filing materials and information, or needlessly moving people, materials and/or information from one point to another.
    • Over-processing: the time and effort spent processing information or material that does not add value to the product (e.g. unnecessary paperwork or employees and managers seeking approvals).
    • Defects: the unnecessary repairing, scrapping or reworking of material or information.
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