Glossary

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materiality concept

Subject: 

  • Accounting

GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified. See also GAAP principles. GAAP principle that means that the business considers whether transactions are worth recording. The business does not record transactions if the cost and effort of doing so is not justified.

See also: 

GAAP principles

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solvent
Subject:
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able to meet financial obligations

ledger
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(also called a book of final entry) book that uses the double entry principle of accounting for...

deficit
Subject:
Accounting

(also called shortfall) amount by which a sum of money is too small (lower than expected or...

direct material expense
Subject:
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expense that includes raw materials and carriage and freight charges.

incremental budgeting
Subject:
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budgeting using past results to prepare new budgets.

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Remind your students that studying should be active. They should be making notes, working through examples, doing practice exam papers and testing themselves on the sections they are studying.

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Different study methods work for different students. Encourage your learners to find out what works for them so you can support them.

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Many subjects require students to know work from the previous grades. Make sure your child has access to a good reference book that contains the concepts they need to refer back to.

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Once your teenager has completed practise exam papers, go over the areas where they struggle. Get a study guide to help you and your student if you need help with a particular section.

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Exam practice is essential. Make sure your student has access to practice exam papers for the subjects they take. Make sure the exam papers relate to the correct version of the curriculum.

[ more ]

Studying should be active. Your child should be making notes, working through examples, doing practice exam papers and testing herself on the sections she is studying.

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Formulae sheets or key concept sheets are useful for quick revision. Get your teenager to stick them on the wall in their room. The more they look at the formulae and key concepts, the more likely...

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Different study methods work for different students. Find out what works for your child so you understand how you can support him or her.

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