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Discontinued Operations – Example 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Discontinued Operations – Example 2

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  • March 14, 2021 at 11:11 pm #614435
    j2mtt
    Participant
    • Topics: 4
    • Replies: 0
    • ☆

    https://www.youtube.com/watch?v=47UE9hSnFNo

    Why we are giving the disclosure for 2016 even though it might not have been agreed to dispose that line of business at that time.

    March 17, 2021 at 7:41 pm #614634
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7221
    • ☆☆☆☆☆

    Hi,

    The accounts need the comparative information for 2016 so that we are making like-for-like comparisons. If we did not show this information the 2017 results would not be meaningful as we cannot see what the discontinued operation generated in the previous year.

    Thanks

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