The concept of materiality helps to reinforce those qualities by classifying monetary information’s usefulness to its users.
In conclusion, accounting has evolved as a craft with no theoretical base, during a time when society and organization activity have been less complex. Nevertheless the technological and globalization induced modifications that have occurred have resulted in loopholes in accounting getting exploited. Much interest in developing a theoretical understanding base for accounting has gathered pace.
For me, all of this was very concerning as I have had to get iron infusions for anemia in the previous. Thankfully I had just had infusions and had genuinely excellent ferritin levels or I feel this would have been far much more significant. They tested my ferritin (that only 1 month before had been great) and it was all gone! That has in no way happened to me prior to and the doctor and nurse have been also stunned by the drop in my levels. Of course, being aware of I had to restart iron infusions at the cancer center right after having such excellent levels only a month before left me overwhelmed and even depressed. I broke down.
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