What does Leana mean? Leana [leana] as a girls' name has its roots in Norman, Greek, English and French, and Leana means sun ray; to twine around. Leana is a variant form of Aileen (Norman): Scottish respelling of Eileen. Leana is also an Irish form of Helen (Greek).
From Wikipedia, the free encyclopedia. Formal balance, also called symmetrical balance, is a concept of aesthetic composition involving equal weight and importance on both sides of a composition. ^ J. Englebright Fox, Robert Schirrmacher. Art and Creative Development for Young Children (7 ed.). Cengage Learning, 2011.
In other words, all important financial information that would sway the opinion of a financial statement user should be included in the financial statements. The concept of materiality is relative in size and importance. Some financial information might be material to one company but might be immaterial to another.