Define: Derecognition

UK Accounting Glossary

Definition: Derecognition


Quick Summary of Derecognition


The act of removing an item from the financial statements because the item no longer satisfies the conditions for recognition.



What is the dictionary definition of Derecognition?

Dictionary Definition


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.


Full Definition of Derecognition




Derecognition FAQ's



Cite Term


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Page URL
https://payrollheaven.com/define/derecognition/
Modern Language Association (MLA):
Derecognition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 17, 2019 https://payrollheaven.com/define/derecognition/.
Chicago Manual of Style (CMS):
Derecognition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/derecognition/ (accessed: July 17, 2019).
American Psychological Association (APA):
Derecognition. PayrollHeaven.com. Retrieved July 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/derecognition/

Definition Sources


Definitions for Derecognition are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.