Don’t worry, mate! Materiality in financial reporting is all about determining the significance of financial information. It helps accountants decide whether a particular item should be included in the financial statements or not. Factors like the impact on users’ decisions, size, and nature of the item are considered. Hope it clarifies your doubt!

Hey! I totally understand how overwhelming it can be to juggle multiple tasks in engineering. One technique that has helped me is the Pomodoro Technique. Set a timer for 25 minutes, work on a specific task, then take a 5-minute break. Repeat this cycle a few times, and you’ll be amazed at how much you can accomplish. Hang in there!