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Nca hfs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Nca hfs

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by P2-D2.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 15, 2018 at 8:16 pm #468052
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    Hi sir,

    Could u clarify the difference between these concepts

    1) non current assets held for sale

    2) disposal group

    3) discountinued operations

    Thanks v much

    August 17, 2018 at 3:41 pm #468240
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    They are all very closely linked. NCA-HFS is a specific asset that is being sold in the next twelve months, whilst the disposal groups is a group of assets (CGU) that is being disposed of in the next twelve months. The treatment of these is then dealt with on the SFP.

    If we have a NCA-HFS then we need to consider if it also meets the definition of a discontinued operation to be disclosed on the SPL. This obviously won’t apply to a single asset held for sale but is likely for a disposal group. Have a look at the criteria for a discontinued operation in the notes.

    Thanks

    August 20, 2018 at 11:35 pm #468661
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    Thanks v much for this great, well explainations

    Ive looked into the notes regarding discountined operations

    However am not totally clear
    1) Could u explain it more?

    2) is it always the accounting treatement for discountinued operations is to be disclosed only?

    3) disposal of whole sub 100% is this a disposal group and discounted operations ?

    Thanks v much

    August 21, 2018 at 8:46 am #468712
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    IFRS 5 is all about disclosure for discontinued operations and the disposal of a subsidiary would need to be a significant component of a business to be disclosed separately.

    Thanks

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