Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

My account — Professional

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

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

IFRS 5Chapter 4Lesson 1

Change of plan: ceasing to be classified as for sale

Step 1 of 8Learning objectives

Go deeper+2 deeper insights · +1 point of attention

If the asset ceases to meet the criteria, it is no longer classified as held for sale: it is measured at the lower of its adjusted carrying amount and its recoverable amount, and the adjustment goes to profit from continuing operations.

30 minNot started

Learning objectives

  • Recognise that an asset ceases to be classified as for sale when the criteria are no longer met.
  • Measure the asset on leaving the classification.
  • Present the adjustment in profit from continuing operations.

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