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Storyboard Text

  • Like what?
  • Remember that there are many constraints in accounting information
  • For example purchasing $100 of supplies to be used in the following period is immaterial that has $500,000 in sales
  • So.....??
  • So you can expense it in this period even though it breaks the matching principle.
  • This is a materiality constraint
  • Thanks a lot super accountant
  • Looks like you're good now, this business will be very sucessful
  • Oh wow!
  • Remember that there are qualitative characteristics of accounting information
  • The accounting information must be understandable because the user must be able to understand them
  • No don't go!!!
  • Looks like my work here is done!
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