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


The act or process of derecognizing.


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Full Definition of Derecognition


In accountingderecognition 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.


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Synonyms For Derecognition


de-recognition, eviction outfit, derecognise, derecognised


Cite Term


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Page URL
https://payrollheaven.com/define/derecognition/
Modern Language Association (MLA):
Derecognition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 25, 2020 https://payrollheaven.com/define/derecognition/.
Chicago Manual of Style (CMS):
Derecognition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/derecognition/ (accessed: February 25, 2020).
American Psychological Association (APA):
Derecognition. PayrollHeaven.com. Retrieved February 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/derecognition/

Definition Sources


Definitions for Derecognition are sourced/syndicated and enhanced from:

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

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