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Items of financial information are material if:

a. They are insignificant b. They could not influence the economic decisions made by the users of financial statements c. They could influence the economic decisions made by the users of financial statements d. They are aggregated with other items

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Question added by Deleted user
Date Posted: 2013/08/27
taha amer
by taha amer , Finance Manager , Arabia ‎Holding

    c.
They could influence the economic decisions made by the users of financial statements

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

C.

 

Farhan uddin Khilji
by Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

 c. They could influence the economic decisions made by the users of financial statements.

There might be a100 Rs. share capital shown on the face of the balance sheet but it is most important to disclose in the notes that who owns this. 

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