Derecognition

Financial reporting.

Derecognition means ceasing to recognise a financial asset or financial liability in an entity's balance sheet (statement of financial position).

See also

• Balance sheet
• Financial asset
• Financial liability
• Financial reporting
• IFRS 9
• Income statement
• Notes
• Recognition
• Reporting entity
• Statement of cash flows
• Statement of changes in equity
• Statement of financial position