During the first quarter of 2018, we will record a cumulative adjustment to retained earnings which is primarily related to two items: 1) net contract assets arising from our open wireless subsidy contracts, which will be derecognized
as a net reduction to future service revenue over the remaining term of the respective contracts and, 2) deferred commission costs, which will be recognized as commission expense as part of selling, general and administrative expense over the period of expected benefit," Verizon said.
ISLAMABAD -- Higher Education Commission (HEC) has derecognized
the multi-disciplinary sciences discipline journal entitled "Science International" for publishing social sciences papers without taking recognition from Social Sciences Section of Academic Division of the HEC.
For the NSF's which are either suspended or derecognized
, the SAI will do the process.
The assets would be derecognized
by the transferor and recorded at fair value by the transferee, as shown in the following journal entries:
At closing, expected in first quarter of 2016, Saipem will be derecognized
and Eni will be reimbursed of its financing receivables by 6.
Vanderbilt University derecognized
a Christian group that insisted that it be led by Christians.
First terminated by the international parent body AIBA for "damaging image, reputation and interest" and now derecognized
by the Sports Ministry for not abiding by the National Sports Development Code of India, the Indian Amateur Boxing Federation (IABF) is in deep trouble.
Unions have been derecognized
and their offices shut down
As a consequence, Air India has derecognized
the Indian Pilots Guild and sealed its offices.
The pilots are observing their strike under the banner of the Indian Commercial Pilot Association (ICPA), which was derecognized
by the Indian Government on Wednesday.
By itself, this change in treatment won't necessarily prevent transferred loans from being derecognized
by transferors or require transferors to consolidate transferees, but it does make it less likely that entities can get and keep risky financial assets off their balance sheets in a manner that isn't transparent to stakeholders.
As highlighted by the recent global financial crisis, assessing whether a financial asset or liability may be derecognized
can be extremely difficult when dealing with complex structures.