Materiality Concept. Definition. Information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements (IASB Framework). Materiality therefore relates to the significance of transactions, balances and errors contained in the financial statements. Materiality defines the threshold or cutoff point after which financial information becomes relevant to the decision making needs of the users.
The overall cost for on-campus, in-state students to attend University of Colorado Boulder in 2013-2014 was $28,887. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 4.0% each year.
We want UCCS to be affordable.. UCCS freshman and sophomore students who are enrolled in 30 hours and have Colorado residency will pay $7,710 for the 2014-2015 school year compared to $7,470 in 2013-2014. Tuition for juniors and seniors will increase from $270 to $384.