Recognition: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Update links.) |
imported>Doug Williamson (Add links.) |
||
| Line 28: | Line 28: | ||
*[[Profit]] | *[[Profit]] | ||
*[[Realisation]] | *[[Realisation]] | ||
*[[Revenue]] | |||
*[[Revenue recognition]] | |||
*[[Statement of cash flows]] | *[[Statement of cash flows]] | ||
*[[Statement of changes in equity]] | *[[Statement of changes in equity]] | ||
Revision as of 15:50, 20 July 2022
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
- Derecognition
- Disclosure
- Environmental profit and loss
- Expense
- Financial reporting
- IFRS 9
- IFRS 15
- Income statement
- Notes
- Primary statements
- Profit
- Realisation
- Revenue
- Revenue recognition
- Statement of cash flows
- Statement of changes in equity
- Statement of comprehensive income
