"Materiality" Pronounce,Meaning And Examples
"Materiality" Natural Recordings by Native Speakers
"Materiality" Meaning
Materiality refers to the quality or state of being material, which means having a physical form or substance. In a broader sense, materiality can also connote relevance, significance, or importance, particularly in the context of auditing, accounting, or financial reporting.
In auditing, materiality is a threshold that determines whether an item or transaction is significant enough to be included in financial statements. If an item is deemed immaterial, it may be excluded from the financial statements because it is not substantial enough to affect the overall financial picture.
In other contexts, materiality can refer to the tangible or practical aspects of an issue, as opposed to its theoretical or intangible aspects. For example, a material difference between two brands of smartphones might be their screen size or battery life, while a non-material difference might be their aesthetic design or brand reputation.
Overall, materiality is about what counts, what matters, and what has a real-world impact, as opposed to what is purely theoretical or abstract.
"Materiality" Examples
Usage Examples of "Materiality"
1. Financial Context
The accounting firm emphasized the importance of materiality in financial statements, stating that any transactions exceeding $10,000 must be reported separately.2. Artistic Context
The artist's latest sculpture focused on the materiality of glass, showcasing its delicate durability and intricate patterns.3. Philosophical Context
The philosopher pondered the materiality of the universe, questioning whether the physical world was all that exists or if there were other, unseen forces at play.4. Medical Context
The doctor examined the patient's X-rays to determine the materiality of the tumor, considering whether it was benign or malignant.5. Environmental Context
The environmental activist highlighted the materiality of single-use plastics, emphasizing the need for sustainable alternatives to reduce waste and protect ecosystems."Materiality" Similar Words
Materialised
Materialises
Materialising
Materialising is a verb that means to become real or tangible, often suddenly or unexpectedly. It can also refer to the process of making something tangible or concrete from an abstract or intangible concept. For example, a thought or idea might materialise into a physical object or reality.
Materialism
Materialist
Materialistic
Materialistically
Materialists
Materialists are individuals who believe that physical matter is the only reality, and that mental and spiritual phenomena can be explained by natural laws and processes. They argue that the ultimate nature of reality is material, and that consciousness, mind, and other intangible aspects of human experience can be reduced to physical or biological processes.
Materialization
Materialize
Materialized
Materializes
Materializing
Materially
Materials
Materials refer to the substances, things, or objects that are used to make, construct, or compose something, such as a product, a structure, or an artwork. These can be physical objects, like wood, metal, or plastic, or intangible things, like software, data, or ideas. In general, materials can be anything that is used as a component or ingredient to create something new or existing.
Materiarian