<prompt> Translate the following text to SwahiliRecognition is the process of formally recording or incorporating an item into the financial statements of an entity as an asset, liability, revenue, expense, or the like.  <response>: Kutambuliwa ni mchakato wa rasmi kurekodi au kuingiza kipengele katika taarifa za kifedha za shirika kama mali, dhima, mapato, gharama, au sawa. 