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.


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Full Definition of Derecognition



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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
https://payrollheaven.com/define/derecognition/
Modern Language Association (MLA):
Derecognition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 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: November 17, 2019).
American Psychological Association (APA):
Derecognition. PayrollHeaven.com. Retrieved November 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/derecognition/

Definition Sources


Definitions for Derecognition are sourced/syndicated from:


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