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October 7, 2020 at 5:41 pm
WHY ARE YOU ADJUSTING 20X6S FIGURES IN EXAMPLE 3??
August 14, 2020 at 2:38 am
Hello Sir, thanks for the lectures, it is really amazing.
The lecture stated that we only have to report and disclose a discontinued operations in the period that the asset was either sold or decided to be held for sale. but in the example 3, the discontinued operations iwas adjusted for in year 2016 though the question stated that the business wound up in March 2017. I expected that we maintained the figures for 2016 as it is, just for comparative purpose.
Kindly clarify why we have to report and disclose discontinued operations in 2016.
August 14, 2020 at 2:36 am
Hello Sir, thanks for the lectures, it is really amazing. I have a clarification though. During the lecture on the IFRS 5, discontinued operations, you stated that we only have to report and disclose a discontinued operations in the period that the asset was either sold or decided to be held for sale. However, in the example 3, I noticed you adjusted for the discontinued operations in year 2016 though the question stated that the business wound up in March 2017. I expected that we maintained the figures for 2016 as it is, just for comparative purpose.
February 4, 2020 at 12:22 am
Hi Please answer all the people questions
January 4, 2020 at 6:58 am
Also, we are asked to prepare the statements for year ended 31 December 2017 in example 3. please advise why we have also done 2016 in this lecture? will it be asked in the exam? Thank you!
July 11, 2020 at 10:17 pm
Shut down literally means discontinued operation. And it has been mentioned there were disposals of the NCA of the discontinued operations.
July 11, 2020 at 10:22 pm
Wrong post, sorry
January 3, 2020 at 6:41 am
Please help…. no where in Example 2 does it say it is being held for sale… it mentions shut down but not disposal or held for sale… Am I silly to assume they were just shutting and cutting their losses?
July 11, 2020 at 10:14 pm
Shut down literally means discontinued operation.
July 31, 2020 at 5:41 pm
True, but I don’t believe it means disposal or held for sale and that is the point Jenny was trying to clarify. I too would like to know this as the answer in the notes does not show the asset as held for sale either.
July 31, 2019 at 7:20 pm
The gain of $7,000 was added to admin expenses, why was this done? Am I to assume that such gain was initially removed ??? If so why add back, what is the logic behind this approach.
Additionally, will it be necessary to change figures for previous years prior to the decision to discontinue the asset?
July 11, 2020 at 10:21 pm
It was mentioned in the question, gain on disposals of NCA was netted off against the admin exp, as such to show the analysis of discontinued operation, the actual figures for each item was shown.
May 5, 2019 at 7:18 pm
It is contradicting the previous example, as it stated you shouldn’t change the prior year if discontinued in the current
February 19, 2019 at 12:33 pm
Hi, in example 3 why did you go back and reinstate 2016 figures when the discontinued operations was 30 March 2017? In your previous example (2) you ignored the previous year?
April 8, 2019 at 8:33 am
to make them comparable.
January 28, 2019 at 9:01 pm
hi, please can you explain the 7K and why it was added back to amin exp and then taken off again ?
July 17, 2020 at 9:43 am
To undo the Gain from Administrative Expenses (As it has been netted off earlier) and Disclose it as Gain on Discontinued Operations.
January 20, 2019 at 8:16 am
briliant art of teaching
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