recognized earnings
[ˈrekəɡˌnaɪzd ˈɜrnɪŋz]
noun
lucros reconhecidos
1. Income or profit that has been officially acknowledged and recorded in financial statements according to accounting standards and principles
The company reported recognized earnings of $5 million in the quarterly report.
A empresa reportou lucros reconhecidos de $5 milhões no relatório trimestral.
2. Revenue that meets the criteria for recognition under Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS)
Recognized earnings must be recorded when the performance obligation is satisfied.
Os lucros reconhecidos devem ser registrados quando a obrigação de desempenho é satisfeita.
3. Earnings that are officially documented and can be used for tax purposes and financial reporting
Only recognized earnings qualify for dividend distribution to shareholders.
Apenas os lucros reconhecidos se qualificam para distribuição de dividendos aos acionistas.
This is a technical accounting term widely used in both Brazilian and American corporate environments. In Brazil, it's essential for compliance with financial reporting standards and tax regulations. The term reflects the importance of transparency in financial statements and adherence to international accounting standards (IFRS), which are increasingly adopted by Brazilian companies, especially those listed on stock exchanges like B3 (Bolsa de Valores, Mercadorias e Futuros).
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