IFRS 5Chapter 5Lesson 1
Discontinued operations: the component and the definition
Step 1 of 6Learning objectives
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A discontinued operation is a component of the entity that has been disposed of or classified as held for sale and that represents a separate major line of business or geographical area, or is part of a single coordinated plan to dispose of one.
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Learning objectives
- Recognise a component of an entity.
- Apply the definition of a discontinued operation without reducing it to a numeric threshold.
- Identify the special case of the subsidiary acquired for resale.