improper recognition

Livent's management said in a written statement that the accounting irregularities involved the improper recognition of revenue and the failure to record expenses.

AOL Time Warner, where executives also certified the earnings report, said it was reviewing transactions that might have resulted in improper recognition of $49 million in revenue over 18 months.

In a clinical situation a diagnosis may be made because the physician often sees similar cases in his practice - for example, the misclassification of aspirin toxicity as a viral pneumonia, or the improper recognition of an essential tremor as delirium tremens due to alcohol withdrawal in an indigent urban setting.