Recognition: Difference between revisions
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''Financial reporting''. | ''Financial reporting''. | ||
In financial reporting, recognition is the identification and inclusion of an item in one or more of a: | |||
:(i) balance sheet, | :(i) balance sheet, | ||
:(ii) income statement, | :(ii) income statement, | ||
| Line 22: | Line 22: | ||
*[[Expense]] | *[[Expense]] | ||
* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[IAS 16]] (Tangible assets - Property, plant and equipment) | |||
* [[IAS 38]] (Intangible assets) | |||
* [[IFRS 9]] | * [[IFRS 9]] | ||
*[[IFRS 15]] | *[[IFRS 15]] | ||
* [[Impairment]] | |||
*[[Income statement]] | *[[Income statement]] | ||
* [[Intangible assets]] | |||
* [[International Financial Reporting Standards]] (IFRS) | |||
*[[Notes]] | *[[Notes]] | ||
* [[Primary statements]] | * [[Primary statements]] | ||
Latest revision as of 05:30, 10 August 2024
Financial reporting.
In financial reporting, recognition is the identification and inclusion of an item in one or more of a:
- (i) balance sheet,
- (ii) income statement,
- (iii) statement of comprehensive income,
- (iv) statement of changes in equity or
- (v) cash-flow statement.
Certain items which are not recognised and incorporated into any of these five statements may still be disclosed in the accompanying notes to the financial statements.
See also
- Accruals concept
- Balance sheet
- Capitalise
- Contingent assets
- Derecognition
- Disclosure
- Environmental profit and loss
- Expense
- Financial reporting
- IAS 16 (Tangible assets - Property, plant and equipment)
- IAS 38 (Intangible assets)
- IFRS 9
- IFRS 15
- Impairment
- Income statement
- Intangible assets
- International Financial Reporting Standards (IFRS)
- Notes
- Primary statements
- Profit
- Realisation
- Revenue
- Revenue recognition
- Statement of cash flows
- Statement of changes in equity
- Statement of comprehensive income
