Recognition: Difference between revisions
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imported>Doug Williamson (Add link.) |
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*[[Expense]] | *[[Expense]] | ||
* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[IAS 16]] | |||
* [[IAS 38]] | |||
* [[IFRS 9]] | * [[IFRS 9]] | ||
*[[IFRS 15]] | *[[IFRS 15]] | ||
Revision as of 12:07, 31 January 2023
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
- IAS 38
- 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
