Welcome to the IFRS 5 Non-current Assets Held for Sale and Discontinued Operations e-learning module

This module covers the background, scope and principles under IFRS 5 Non-current Assets Held for Sale and Discontinued Operations and the application of this Standard. By completion of this module, you will be able to:

  • Identify a non-current asset or disposal group to be classified as held for sale
  • Describe the requirements, for held for sale classification on acquisition date, applicable to a non-current asset or disposal group acquired exclusively with a view to subsequent disposal
  • Describe the accounting treatment when held for sale criteria are met after the end of the reporting period
  • Describe the accounting treatment and measurement requirements when changes to a plan take place
  • Apply the requirements for a non-current asset or disposal group to be classified as held for sale where completion of sale period is extended beyond one year
  • Demonstrate how a non-current asset or disposal group shall be measured before initial classification as held for sale
  • Apply measurement principles to non-current assets or disposal groups after being classified as held for sale
  • Calculate impairment losses of non-current assets or disposal groups classified as held for sale
  • Calculate the limitation on recognition of subsequent increases in fair value less costs to sell
  • Allocate impairment losses or subsequent reversals of impairment losses to assets in the disposal group
  • Prepare the presentation and disclosure of discontinued operations and
  • Prepare the presentation and disclosure of non-current assets or disposal groups classified as held for sale.

The duration of this module is about 1 hour and there is an assessment at the end of the module to test your knowledge.

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