UK Accounting Glossary
The act of removing an item from the financial statements because the item no longer satisfies the conditions for recognition.
Derecognition refers to the removal of an asset or liability (or a portion thereof) from an entity’s balance sheet. Derecognition questions can arise with respect to all types of assets and liabilities.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Derecognition are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.