Recognition: Difference between revisions
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*[[Accruals concept]] | *[[Accruals concept]] | ||
*[[Balance sheet]] | *[[Balance sheet]] | ||
*[[Capitalise]] | |||
*[[Derecognition]] | *[[Derecognition]] | ||
*[[Disclosure]] | *[[Disclosure]] | ||
* [[Environmental profit and loss]] | * [[Environmental profit and loss]] | ||
*[[Expense]] | |||
*[[IAS 39]] | *[[IAS 39]] | ||
*[[IFRS 15]] | *[[IFRS 15]] | ||
Revision as of 22:48, 24 June 2021
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.
