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.
Cost of Attendance for the 2015-2016 Academic Year. The following reflects the average cost of attendance for a full-time student during the nine-month academic year. It is important to keep in mind the following facts as you review your cost of attendance as a Colorado State University student:1  These are estimated expenses. 2  Tuition and fees are considered direct costs while all other expenses will vary based on living arrangements, major, marital status and lifestyle. Books & Supplies: For 2015-2016, an allowance of $38.00 per credit hour is used for reasonable textbook and course supply expenses and is within guidelines prescribed by the Colorado Commission on Higher Education (CCHE).