Codification page · 2022

Proposed Statement of Financial Accounting Concepts—Concepts Statement 8—Conceptual Framework of Financial Reporting—Chapter 5: Recognition and Derecognition

The exposure draft, Conceptual Framework for Financial Reporting: Chapter 5: Recognition and Derecognition, sets forth recognition and derecognition criteria and guidance on when an item should be incorporated into and removed from financial statements.

For more information, see the following:

Proposed Statement of Financial Accounting Concepts—Concepts Statement 8—Conceptual Framework of Financial Reporting—Chapter 5: Recognition and Derecognition (PDF)

Issued: November 22, 2022

Comments Due: February 20, 2023

Text as published in the FASB Accounting Standards Codification, Basic View.