An accounting concept according to which all relatively important and relevant items are disclosed i...........

Principles of Accounting & Financial Management Concepts of Accounting

An accounting concept according to which all relatively important and relevant items are disclosed in the financial statements is:

Materiality

Going concern

Accrual concept

Matching

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Explanation:

The materiality definition in accounting refers to the relative size of an amount. Professional accountants determine materiality by deciding whether a value is material or immaterial in financial reports. Materiality is an essential understanding for accurate and ethical accounting, so its definition should be strongly considered. There are varying definitions of materiality, depending on the standards board.
In August 2018, the Financial Accounting Standards Board (FASB) amended how they define materiality to be more consistent with the United States judicial system, the Public Company Oversight Board (PCAOB), and the Securities Exchange Commission (SEC). Yet, the ASB continued to maintain a definition of materiality that was converged with the one used by the International Accounting Standards Board (IASB).