Recognition

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Revision as of 14:39, 4 August 2015 by imported>Doug Williamson (Link with IFRS 15 page.)
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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 changes in equity or (iv) 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.


See also