Recognition: Difference between revisions
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''Financial reporting''. | ''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 changes in equity or (iv) cash-flow statement. | Recognition is the identification and inclusion of an item in one or more of a | ||
:(i) balance sheet, | |||
:(ii) income statement, | |||
:(iii) statement of changes in equity or | |||
:(iv) cash-flow statement. | |||
Certain items which are not recognised and incorporated into any of these four statements may still be disclosed in the accompanying notes to the financial statements. | Certain items which are not recognised and incorporated into any of these four statements may still be disclosed in the accompanying notes to the financial statements. | ||
Revision as of 10:06, 28 May 2017
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 changes in equity or
- (iv) cash-flow statement.
Certain items which are not recognised and incorporated into any of these four statements may still be disclosed in the accompanying notes to the financial statements.
