The silver oxide cell is really the ideal successor to mercury batteries, and is superior in a number of ways. It has a higher capacity than mercury cells for a given size. These cells are rated at 1.55 volts. Their construction is very similar to mercury cells, the cathode material being the main difference. Advantages Constant voltage over its useful life. Contains no chemicals harmful to the environment. Basically superior in all ways over mercury cells.
Materiality is a key concept in accounting because it helps accountants and auditors in deciding which figures need separate reporting and what is the maximum amount above which errors or omissions should be avoided at all costs. Deciding whether a piece of information is material or not requires considerable judgment.
The materiality concept, also called the materiality constraint, states that financial information is material to the financial statements if it would change the opinion or view of a reasonable person.he materiality concept states that this loss is immaterial because the average financial statement user would not be concerned with something that is only .1% of net income. - Assume the same example above except the company is a smaller company with only $50,000 of net income.