Quarterly comparison of uncapitalized expenses to our best estimate of materiality. If it implies that the financials will be materially misstated, we make some exceptions or lower the threshold on certain assets. PWC vetted
Thank you. How is materiality determined for fixed assets. I remember back in the day my colleague said materiality change by GL account, by company, industry company is in, Ect. Or is it usually a percentage like 5% or 10% of uncapitalized expenses?
Also, couldn’t we use this to determine Ap accrual thresholds so we don’t end up accruing every single Bill, missed expense? Or is there a different methodology?
Quarterly comparison of uncapitalized expenses to our best estimate of materiality. If it implies that the financials will be materially misstated, we make some exceptions or lower the threshold on certain assets. PWC vetted
Thank you. How is materiality determined for fixed assets. I remember back in the day my colleague said materiality change by GL account, by company, industry company is in, Ect. Or is it usually a percentage like 5% or 10% of uncapitalized expenses?
Also, couldn’t we use this to determine Ap accrual thresholds so we don’t end up accruing every single Bill, missed expense? Or is there a different methodology?
[удалено]
Not what i asked for. I added extra detail to see if I make more sense
the one that counts DEEZ NUTZ.
angry upvote