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A very large corporation's financial statements have the dollar amounts rounded to the nearest $1,000.?

 Which accounting principle/guideline justifies not reporting the amounts to the penny?    Full Disclosure*  Materiality  *Monetary Unit

Financial Accounting
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Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/10
Upvote (0) Views (7) Followers (2) Answers (3) Report Question
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Mohamed matar
by Mohamed matar , Finance Manager , ASG Group

The third answer

Materiality

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

Materiality ....................,,,,,,,,,,,,,..............

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

Materiality   & Monetary Unit

 

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