recognition
1. The recording or capture of a transaction in a *general ledger or set of *financial statements. The recognition of expenses and revenues is driven by the *accruals basis of accounting. See also *realization (definition 2). 2. The public or official acceptance of the credibility and *professional status of an individual or organization.

Auditor's dictionary. 2014.

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  • recognition — rec‧og‧ni‧tion [ˌrekəgˈnɪʆn] noun [uncountable] 1. MARKETING when people know who a person is or what something is, or know something about them as soon as they see them or hear their name: • We are bigger than most companies and our name… …   Financial and business terms

  • Recognition — (re+cognition) is a process that occurs in thinking when some event, process, pattern, or object recurrs . Thus in order for something to be recognized, it must be familiar. This recurrence allows the recognizer to more properly react, survival… …   Wikipedia

  • récognition — [ rekɔgnisjɔ̃; rekɔɲisjɔ̃ ] n. f. • 1842; « examen » 1771; « confession » 1430; lat. recognitio « revue, inspection » ♦ Philos. Acte de l esprit qui reconnaît (une chose) en identifiant. ● recognition nom féminin Littéraire. Reconnaissance,… …   Encyclopédie Universelle

  • recognition — rec·og·ni·tion /ˌre kəg ni shən/ n 1: the act, process, or fact of recognizing 2: the state of being recognized Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Recognition — Rec og*ni tion (r[e^]k [o^]g*n[i^]sh [u^]n), n. [L. recognitio: cf. F. recognition. See {Recognizance}.] The act of recognizing, or the state of being recognized; acknowledgment; formal avowal; knowledge confessed or avowed; notice. [1913… …   The Collaborative International Dictionary of English

  • recognition — recognition, identification, assimilation, apperception are comparable when they designate a form of cognition which relates a perception of something new to knowledge already acquired. Recognition implies that the thing now perceived (as by… …   New Dictionary of Synonyms

  • recognition — recognition; un·recognition; …   English syllables

  • recognition — [n1] identification, acknowledgment acceptance, acknowledging, admission, allowance, apperception, appreciation, apprehending, assimilation, avowal, awareness, cognizance, concession, confession, consciousness, detection, discovery, double take* …   New thesaurus

  • recognition — ► NOUN 1) the action of recognizing or the process of being recognized. 2) appreciation or acknowledgement. 3) (also diplomatic recognition) formal acknowledgement by a country that another political entity fulfils the conditions of statehood …   English terms dictionary

  • recognition — [rek΄əg nish′ən] n. [L recognitio < recognitus, pp. of recognoscere: see RECOGNIZANCE] 1. a) a recognizing or being recognized; acknowledgment; admission, as of a fact b) acknowledgment and approval, gratitude, etc. [in recognition of her… …   English World dictionary

  • Recognition — (v. lat.), 1) Wiedererkennung, Anerkennung; 2) die vor Gericht od. einem Notar geschehene Anerkennung einer Sache od. Person für dasjenige, für was sie ausgegeben worden ist; im Civilproceß bes. von der Anerkennung von Urkunden gebraucht, s. u.… …   Pierer's Universal-Lexikon

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