Recognition: Difference between revisions

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*[[Balance sheet]]
*[[Balance sheet]]
*[[Capitalise]]
*[[Capitalise]]
*[[Contingent assets]]
*[[Derecognition]]
*[[Derecognition]]
*[[Disclosure]]
*[[Disclosure]]

Revision as of 17:46, 31 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