The Accounting Convention That Justifies the Omission of Insignificant Information

question 159

Short Answer

The accounting convention that justifies the omission of insignificant information when its omission or misstatement would not mislead a user of the financial statements

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Definitions:

Technological Determinism

The theory that society's technology determines its cultural values, social structure, or history.

Causes Change

Factors or agents that induce or facilitate alterations in a system, behavior, or environment.

Neil Postman

An American author, educator, and media theorist known for his works on the impact of media and technology on society.

Undermining Democracy

Activities or practices that weaken the principles and functioning of democratic systems.