Materiality in the context of ensuring the usefulness of analytical information

Abstract

From the model of priority needs in the qualitative characteristics of the usefulness of economic information, the main role is assigned to the materiality of analytical information. The management technique for deviations from budget (planned) values in the system of management accounting and controlling is considered. An algorithm for analyzing significant negative deviations, as well as the scope of such an analysis, is also given. The proposed approach is an alternative to the traditional assessment of the materiality of deviations.