Resumen

JUMA'H, AHMAD HUSSEIN; CUESTA BELENO, ANDRÉS; CASTELLANOS GARZON, GIOVANNI  y  AGUDELO CASTANEDA, JAIRO. THE MATERIALITY CONCEPT: IMPLICATIONS FOR MANAGERS AND INVESTORS. Finanz. polit. econ. [online]. 2014, vol.6, n.1, pp.159-168. ISSN 2248-6046.  https://doi.org/10.14718/revfinanzpolitecon.2014.6.1.8.

Discuss the implications of materiality of financial information on "earnings management". Imply the content description and analysis of FASB Accounting Standards Codification™. The Professional View is used to confirm the absence of materiality guidelines in the US GAAP. Materiality, importance and significance are terms used to indicate the materiality consideration in the Codifications. The main conclusions are concerned to, first, the internal and external determinants and motives influence the practices of "earnings managements", and second US GAAP do not offer well defined guidelines to apply materiality on decision making.

Palabras clave : Accounts Manipulation; Earnings Management; Materiality; and Financial Statements.

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