Recognition

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Revision as of 11:18, 29 October 2020 by imported>Doug Williamson (Add statement of comprehensive income.)
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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