IFRS 5 – Discontinued operations – ACCA SBR
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But in the previous lectures it is clearly mentioned by you that if it is highly probable that asset will be sold within 1 yr then we need to treat it as AHFS , then we should be recording it as AHFS in yr 2015 also?
Should be immediately available to be sold which is not the case as it is still operating till March 2016.
Exactly – as per first sentence of notes – “Must be available for immediate sale …” 馃檪
I see from the standards that abandonment of assets/operations shouldn’t be seen as “held for sale” (please correct me if I am wrong) and the example in this video seems didn’t mention anything about selling the business line (?)
No but if you are closing a separate business line which is a car manufacturing operation in this case then surely you will have fixed assets to sell. You won鈥檛 just close it and give things away.