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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Financial reporting – IFRS – 5 – Discontinued operations
Hi,
On the final lecture on IFRS 5, why did you adjust the 20X6 figures, the decision to discontinue was in 20X7, it seems this might have contradicted a previous example.
Thank you for your brilliant lectures.
James
Hi James,
Thanks for the comment on the lectures, much appreciated.
IFRS 5 states that for the detailed disclosure of the revenue/costs in profit or loss we need to cover all the periods presented in the financial statements. Sometimes this is taken to mean on the SFP also, but this is not the case.
Thanks