Accounting Standards
IFRS 5 - Non-current Assets HFS and Discontinued Ops
Classifying Assets as Held for Sale and Reporting Discontinued Operations
1 CPD credit on completion
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About This Course
Course Information
The learning outcomes from this accounting standards CPD course include: How to account for non-current assets held for sale Presentation in the statement of financial position. Specific disclosures require
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 1 unit of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- Identification and Presentation (video)
- Identification and Presentation (quiz)
- Discontinued Operations (video)
- Discontinued Operations (quiz)
What You Will Learn
- State the criteria that must be met for a non-current asset or disposal group to be classified as held for sale under IFRS 5
- Explain how assets held for sale are measured at the lower of carrying amount and fair value less costs to sell
- Describe the presentation requirements for held-for-sale assets, including their separate disclosure on the face of the statement of financial position
- Define a discontinued operation and explain the criteria that distinguish it from an operation that is merely being wound down
- Identify the disclosures required for discontinued operations, including the presentation of a single amount on the face of the statement of profit or loss
Who This Course Is For
- Accountants involved in classifying and reporting disposals and discontinued segments under IFRS
- Auditors assessing whether held-for-sale criteria are properly applied
- Finance professionals studying IFRS 5 for professional examinations
Prerequisites
- Understanding of non-current assets and how they are measured under IAS 16 and IAS 38
- Familiarity with the statement of financial position and statement of profit or loss
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Course Details
CPD Credits1
CertificateYes
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