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IAS 1-Presantation if Financial Statements

NNjabulo10y ago
What is aggregation and materiality?
P2-D2P2-D2Tutor10y ago#1
Hi, To aggregate is to join things together, so from an IFRS perspective we could join similar balances together on the financial statements, such as some non-current assets. Something is material if it is large or significant. So from an IFRS perspective we can join together (aggregae) two balances, if one of the balances is not material (large). An example would be if we had immaterial intangible balances we could aggregate them with the PPE balances. Thanks
NNjabulo10y ago#2
Thanks you.
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