derecognize

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Synonyms for derecognize

cause to be no longer approved or accepted

References in periodicals archive ?
FIN 48 states that use of a valuation allowance is not an appropriate substitute for derecognizing the tax position.
As the Board stated in its July 13 press release, FIN 48 "prescribes a consistent recognition threshold and measurement attribute, as well as clear criteria for subsequently recognizing, derecognizing and measuring such .
It eliminates the concept of a "qualifying special-purpose entity," changes the requirements for derecognizing financial assets, and requires additional disclosures.
The new statement offers a consistent recognition threshold and measurement attribute, as well as criteria for subsequently recognizing, derecognizing and measuring such tax positions for financial statement purposes.
The debt related to this financing was extinguished and the Company recorded approximately $1 million in ordinary income as a result of derecognizing the interest expense associated with the financing.