Business, Legal & 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

The act or process of derecognizing.

Full Definition of Derecognition

In accounting,  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.

Derecognition also refers to the withdrawal of official recognition from an organization or country.

Synonyms For Derecognition

de-recognition, eviction outfit, derecognise, derecognised

Cite Term

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.

Page URL
Modern Language Association (MLA):
Derecognition. Payroll & Accounting Heaven Ltd. July 05, 2020
Chicago Manual of Style (CMS):
Derecognition. Payroll & Accounting Heaven Ltd. (accessed: July 05, 2020).
American Psychological Association (APA):
Derecognition. Retrieved July 05, 2020, from website:

Definition Sources

Definitions for Derecognition are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 13 Views.