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.
The University of Colorado Boulder is a public research university located in Boulder, Colorado, United States. It is the flagship university of the University of Colorado system and was founded five months before Colorado was admitted to the Union in 1876. In 2015, the university comprised nine colleges and schools and offered over 150 academic programs and enrolled almost 17,000 students. Twelve Nobel Laureates, nine MacArthur Fellows, and 20 astronauts have been affiliated with CU Boulder as