Materiality Concept in German, French, Spanish & Italian

What does Materiality Concept mean?

The accounting principle that all items that are reasonably likely to impact investors' decision-making must be recorded or reported in detail.

Materiality Concept in a sentence

Due to the materiality concept, the accountant decided not to correct a five-dollar error in the financial statements.

German

Wesentlichkeitsgrundsatz

also Materialitätsprinzip

Grundsatz, dass nur wesentliche Posten detailliert ausgewiesen werden müssen.

French

Principe de l'importance relative

also Concept de matérialité

Principe selon lequel les informations significatives doivent être divulguées.

Spanish

Principio de materialidad

also Importancia relativa

Criterio que establece que solo se deben reportar hechos significativos.

Italian

Principio di rilevanza

also Concetto di materialità

Principio per cui il bilancio deve includere solo le informazioni rilevanti.