IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
AICPA's IFRS Certificate Program
This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.
The purpose of this course is to familiarize you with the accounting treatment of non-current assets, disposal groups, and discontinued operations under IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. The course includes information on how to classify, measure, and present these items when they meet the requirements to be classified as "held for sale".
Upon completion of this course, you will be able to:
- Identify assets and disposal groups subject to the classification, measurement, and presentation criteria of IFRS 5
- Identify the criteria for classifying non-current assets and disposal groups as held for sale
- Identify the criteria for measuring non-current assets and disposal groups classified as held for sale
- Identify the criteria for presentation of non-current assets and disposal groups classified as held for sale, as well as discontinued operations, in the financial statements
Advance Preparation: None
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