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.
Each university determines the cost of attendance individually. As such, Colorado State will be handing out $2,400 per year to in-state full scholarship athletes, and $3,100 per year to out-of-state full scholarship athletes.ach university determines the cost of attendance individually. As such, Colorado State will be handing out $2,400 per year to in-state full scholarship athletes, and $3,100 per year to out-of-state full scholarship athletes.