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

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. November 17, 2019
Chicago Manual of Style (CMS):
Derecognition. Payroll & Accounting Heaven Ltd. (accessed: November 17, 2019).
American Psychological Association (APA):
Derecognition. Retrieved November 17, 2019, from website:

Definition Sources

Definitions for Derecognition are sourced/syndicated from:

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