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  
Recognition is the identification and inclusion of an item in one or more of a:
:(i) balance sheet,  
:(i) balance sheet,  
:(ii) income statement,  
:(ii) income statement,  
:(iii) statement of changes in equity or  
:(iii) statement of comprehensive income,
:(iv) cash-flow statement.
:(iv) statement of changes in equity or  
:(v) 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 five statements may still be disclosed in the accompanying notes to the financial statements.




== See also ==
== See also ==
 
*[[Accruals concept]]
*[[Balance sheet]]
*[[Balance sheet]]
*[[Capitalise]]
*[[Contingent assets]]
*[[Derecognition]]
*[[Derecognition]]
*[[Disclosure]]
*[[Disclosure]]
*[[IAS 39]]
* [[Environmental profit and loss]]
*[[Expense]]
* [[Financial reporting]]
* [[IAS 16]]
* [[IAS 38]]
* [[IFRS 9]]
*[[IFRS 15]]
*[[IFRS 15]]
*[[Income statement]]
*[[Income statement]]
*[[Notes]]
*[[Notes]]
* [[Primary statements]]
*[[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]]
*[[Statement of comprehensive income]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]

Latest 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