Which is not one of the four recognition criteria identified by the FASB?

A) reliable
B) understandable
C) meets the definition of an element
D) measurable

Recognition Criteria

The conditions that must be met for a particular item to be included on the financial statements, ensuring transactions are recorded in the correct accounting period.

FASB

The Financial Accounting Standards Board, an independent nonprofit organization responsible for establishing accounting and financial reporting standards in the United States.