IFRS 5 – Discontinued operations – ACCA SBR

Comments

1. praveenmasih says

   August 1, 2020 at 7:16 am

   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?

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   • Stellar28 says

     June 9, 2021 at 4:52 pm

     Should be immediately available to be sold which is not the case as it is still operating till March 2016.

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     • wgk says

       September 10, 2021 at 2:20 pm

       Exactly – as per first sentence of notes – “Must be available for immediate sale …” 🙂

2. michelletsang says

   June 6, 2020 at 3:52 pm

   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 (?)

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   • lucie13 says

     June 28, 2020 at 4:08 pm

     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’t just close it and give things away.

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