Is the Guidance in Recognizing a Financial Asset Not Applicable?

The committee felt that it could address the issue by issuing an a tentative agendea decision with additional explanatory material. And again, the committee decided not to ad a project and again, issue a tentative agendar decision. So what does this man mean? Exactly first, let's talk about when the trait receivable is de recognized. An entity would typically derecognize the trade receivabll on the transfer settlement date,. That is, the date it receives the cash in its bank account.