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IFRS 5Non-current Assets Held for Sale and Discontinued Operations

IFRS 5Chapter 2Lesson 1

Classification as held for sale

Step 1 of 6Learning objectives

Go deeper+1 point of attention

An asset is classified as held for sale if its carrying amount will be recovered principally through a sale; it must be available for immediate sale and the sale must be highly probable.

30 minNot started

Learning objectives

  • Explain the principle of recovery through sale.
  • Apply the available-for-immediate-sale criterion.
  • Recognise the elements of a highly probable sale without turning them into numeric thresholds.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations

  1. 1 · Not startedPurpose, scope and disposal group0 / 1 lesson
  2. 2 · Not startedClassification as held for sale or for distribution0 / 2 lessons
  3. 3 · Not startedMeasurement of classified assets and groups0 / 4 lessons
  4. 4 · Not startedChanges to a plan of sale0 / 1 lesson
  5. 5 · Not startedDiscontinued operations0 / 3 lessons
  6. 6 · Not startedPresentation in the statement of financial position0 / 1 lesson
  7. 7 · Not startedDisclosures0 / 1 lesson
  8. 8 · Not startedBoundaries with other standards0 / 1 lesson