{"entries":[{"key":"LX.IFRS5.000001","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.OBJECTIVE"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"OBJECTIVE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"understand"},"references":["IFRS 5 §1"],"exercise":{"prompt":{"fr":"","en":"What is the main purpose of IFRS 5?","es":""},"explanation":{"fr":"","en":"Rule to remember: IFRS 5 deals with the measurement and presentation of assets held for sale and with information on discontinued operations (IFRS 5, para. 1).","es":""},"common_error":{"fr":"","en":"Confusing IFRS 5 with a depreciation standard.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"To set the depreciation calculation for tangible and intangible fixed assets","es":""},"correct":false,"feedback":{"fr":"","en":"Depreciation of fixed assets belongs to their own standards; IFRS 5 deals with sale and discontinued operations (IFRS 5, para. 1).","es":""}},{"id":"B","text":{"fr":"","en":"To define the recognition of revenue from contracts entered into with customers","es":""},"correct":false,"feedback":{"fr":"","en":"Revenue belongs to another standard; the purpose of IFRS 5 is the measurement and presentation of assets to be disposed of (IFRS 5, para. 1).","es":""}},{"id":"C","text":{"fr":"","en":"To set the impairment tests applicable to non-current assets when there is an indication of impairment","es":""},"correct":false,"feedback":{"fr":"","en":"Impairment tests fall under another standard; IFRS 5 sets out how to measure and present the assets one intends to dispose of (IFRS 5, para. 1).","es":""}},{"id":"D","text":{"fr":"","en":"To measure and present assets held for sale, and to inform about discontinued operations","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000002","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.CLASSIFICATION_PRESENTATION"],"dimension":"RECOGNITION","format":"TRUE_FALSE","context":"GENERIC","tested_point":"SCOPE_CLASSIFICATION","difficulty":"BEGINNER","estimated_time_s":40,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"understand"},"references":["IFRS 5 §2"],"exercise":{"prompt":{"fr":"","en":"IFRS 5 classification and presentation apply to all recognised non-current assets and to all disposal groups.","es":""},"explanation":{"fr":"","en":"Rule to remember: the scope of classification and presentation is wide; it is measurement that has exclusions (IFRS 5, para. 2).","es":""},"common_error":{"fr":"","en":"Believing that the exclusions also remove the asset from classification.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000003","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.DISPOSAL_GROUP_WHOLE"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"GROUP_AS_WHOLE","difficulty":"BEGINNER","estimated_time_s":55,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-group"},"references":["IFRS 5 §4"],"exercise":{"prompt":{"fr":"","en":"Vendale intends to sell its Norvane plant as a whole (machines, patent, inventories, attached loan). How does IFRS 5 measurement apply to the machines?","es":""},"explanation":{"fr":"","en":"Rule to remember: the measurement of a non-current asset in a disposal group applies to the group taken as a whole (IFRS 5, para. 4).","es":""},"common_error":{"fr":"","en":"Testing each machine in isolation although it belongs to a group.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It applies to the group taken as a whole","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"It applies machine by machine, ignoring the group","es":""},"correct":false,"feedback":{"fr":"","en":"The machines are part of a group: it is the group that is measured as a whole (IFRS 5, para. 4).","es":""}},{"id":"C","text":{"fr":"","en":"It does not apply until the plant is sold","es":""},"correct":false,"feedback":{"fr":"","en":"IFRS 5 applies from classification, before the actual sale; here the group is measured as soon as it is intended for disposal (IFRS 5, para. 4).","es":""}},{"id":"D","text":{"fr":"","en":"It applies to the patent, the group's intangible asset, separately from the machines","es":""},"correct":false,"feedback":{"fr":"","en":"The patent is not treated separately: every non-current asset in the measurement scope follows the group (IFRS 5, para. 4).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000004","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.MEASUREMENT_EXCLUSIONS"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"EXCLUSIONS_CLASSIFY","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-exclusions"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Classify each Vendale item: does it fall under the IFRS 5 measurement rule, or is it excluded from measurement?","es":""},"explanation":{"fr":"","en":"Rule to remember: deferred tax assets, employee-benefit assets and IFRS 9 financial assets are excluded from measurement; machines, patent and building follow the group (IFRS 5, para. 5).","es":""},"common_error":{"fr":"","en":"Excluding a patent or a building from measurement.","es":""},"format":"CLASSIFICATION","categories":[{"id":"in","text":{"fr":"","en":"Measured under IFRS 5 (with the group)","es":""}},{"id":"out","text":{"fr":"","en":"Excluded from IFRS 5 measurement","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"Plant machines","es":""},"category":"in"},{"id":"i2","text":{"fr":"","en":"A deferred tax asset","es":""},"category":"out"},{"id":"i3","text":{"fr":"","en":"A patent","es":""},"category":"in"},{"id":"i4","text":{"fr":"","en":"An employee-benefit asset","es":""},"category":"out"},{"id":"i5","text":{"fr":"","en":"A trade receivable (financial asset)","es":""},"category":"out"},{"id":"i6","text":{"fr":"","en":"An industrial building","es":""},"category":"in"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000005","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.MEASUREMENT_EXCLUSIONS"],"dimension":"RULE_KNOWLEDGE","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"EXCLUSIONS_MULTI","difficulty":"INTERMEDIATE","estimated_time_s":70,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-exclusions"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Which assets are excluded from IFRS 5 measurement? (Several answers.)","es":""},"explanation":{"fr":"","en":"Deferred tax assets and IFRS 9 financial assets are excluded from measurement; tangible and intangible assets are still measured with the group (IFRS 5, para. 5).","es":""},"common_error":{"fr":"","en":"Excluding fixed assets from measurement instead of only the listed assets.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Land and buildings held by the group","es":""},"correct":false,"feedback":{"fr":"","en":"Land and buildings are non-current assets within the measurement scope (IFRS 5, para. 4).","es":""}},{"id":"B","text":{"fr":"","en":"The group's intangible assets","es":""},"correct":false,"feedback":{"fr":"","en":"Intangible assets are within the measurement scope, unlike the assets listed in paragraph 5 (IFRS 5, para. 5).","es":""}},{"id":"C","text":{"fr":"","en":"Deferred tax assets","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Financial assets within IFRS 9","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000006","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.DISPOSAL_GROUP_WHOLE"],"dimension":"APPLICATION","format":"FILL_BLANK","context":"GENERIC","tested_point":"GROUP_FILL","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-group"},"references":["IFRS 5 §4"],"exercise":{"prompt":{"fr":"","en":"Complete the sentence.","es":""},"explanation":{"fr":"","en":"Rule to remember: the group is measured as a whole, then each item follows paragraphs 18, 19 and 23 (IFRS 5, para. 4).","es":""},"common_error":{"fr":"","en":"Isolating each asset instead of reasoning on the group.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"For a non-current asset in a disposal group, measurement applies {{b1}}; individual assets and liabilities are still measured under {{b2}}.","es":""},"blanks":[{"id":"b1","mode":"CHOICE","choices":[{"id":"a","text":{"fr":"","en":"to each asset in isolation","es":""}},{"id":"b","text":{"fr":"","en":"to the group taken as a whole","es":""}},{"id":"c","text":{"fr":"","en":"to the largest asset only","es":""}}],"answer":"b"},{"id":"b2","mode":"CHOICE","choices":[{"id":"a","text":{"fr":"","en":"a single IFRS 5 rule without exception","es":""}},{"id":"b","text":{"fr":"","en":"management's decision","es":""}},{"id":"c","text":{"fr":"","en":"paragraphs 18, 19 and 23","es":""}}],"answer":"c"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000007","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.HELD_FOR_DISTRIBUTION"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"DISTRIBUTION_SCOPE","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-distribution"},"references":["IFRS 5 §5A"],"exercise":{"prompt":{"fr":"","en":"Vendale commits to hand over a plot of land to its shareholders as a dividend in kind. What does IFRS 5 say about this case?","es":""},"explanation":{"fr":"","en":"Rule to remember: distribution to owners is treated like sale for classification, presentation, measurement and disclosure (IFRS 5, para. 5A).","es":""},"common_error":{"fr":"","en":"Thinking a distribution escapes IFRS 5 for lack of a sale.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"IFRS 5 is irrelevant: a distribution is not a sale and does not fall within its scope","es":""},"correct":false,"feedback":{"fr":"","en":"Paragraph 5A extends these requirements precisely to distribution to owners (IFRS 5, para. 5A).","es":""}},{"id":"B","text":{"fr":"","en":"Note disclosure applies to distribution, but not measurement or presentation","es":""},"correct":false,"feedback":{"fr":"","en":"The text covers classification, presentation, measurement and disclosure: not only the notes (IFRS 5, para. 5A).","es":""}},{"id":"C","text":{"fr":"","en":"The land is removed from the balance sheet on the commitment to distribute, before IFRS 5 measurement","es":""},"correct":false,"feedback":{"fr":"","en":"Removal occurs only on distribution; before that, the asset is classified and measured as held for distribution (IFRS 5, para. 5A).","es":""}},{"id":"D","text":{"fr":"","en":"The requirements for assets held for sale also apply to distribution to owners","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000008","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.FAIR_VALUE_ASSETS_EXCLUSION","IFRS5.SCOPE.MEASUREMENT_EXCLUSIONS"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"EXCLUSION_ERRORS","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"pitfalls"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: the exclusions concern measurement, not presentation within the group (IFRS 5, para. 5).","es":""},"common_error":{"fr":"","en":"Confusing exclusion from measurement with leaving the group.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"An investment property measured at fair value stays measured under its own model during classification.","es":""},"erroneous":false},{"id":"e2","text":{"fr":"","en":"A financial asset excluded from measurement stops being presented in the disposal group.","es":""},"erroneous":true,"correction":{"fr":"","en":"Excluded assets remain presented as held for sale; only their measurement falls under their own standard (IFRS 5, para. 5).","es":""}},{"id":"e3","text":{"fr":"","en":"A biological asset is measured at the lower of carrying amount and fair value less costs to sell.","es":""},"erroneous":true,"correction":{"fr":"","en":"Biological assets are among the assets whose measurement IFRS 5 leaves to their own standard (IFRS 5, para. 5).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000009","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.FAIR_VALUE_ASSETS_EXCLUSION","IFRS5.SCOPE.DISPOSAL_GROUP_WHOLE"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"GROUP_MAPPING_CASE","difficulty":"EXPERT","estimated_time_s":170,"lesson_id":"LS.IFRS5.000001","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"judgment"},"references":["IFRS 5 §4","IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Map Vendale's group before measurement.","es":""},"explanation":{"fr":"","en":"Mapping: machines within the measurement scope; fair-value building, receivables and deferred tax excluded but presented in the group (IFRS 5, paras. 4 and 5). Rule to remember: we identify the measurement standard of each item before testing the group.","es":""},"common_error":{"fr":"","en":"Applying the IFRS 5 test to every item of the group.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: Vendale classifies the Norvane plant as a disposal group. The group includes machines, a building that Vendale treats as investment property at fair value, trade receivables and a deferred tax asset. The controller proposes to apply to all these items the lower-of test of carrying amount and fair value less costs to sell.","es":""},"parts":[{"prompt":{"fr":"","en":"Which item falls within the IFRS 5 measurement rule?","es":""},"explanation":{"fr":"","en":"Only the machines follow the measurement rule; the other three items remain measured under their own standard (IFRS 5, para. 5).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The building measured at fair value","es":""},"correct":false,"feedback":{"fr":"","en":"Fair-value investment property is among the assets whose measurement IFRS 5 leaves to its own model (IFRS 5, para. 5).","es":""}},{"id":"B","text":{"fr":"","en":"The machines","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The trade receivables","es":""},"correct":false,"feedback":{"fr":"","en":"Financial assets within IFRS 9 are excluded from measurement (IFRS 5, para. 5).","es":""}},{"id":"D","text":{"fr":"","en":"The deferred tax asset","es":""},"correct":false,"feedback":{"fr":"","en":"Deferred tax assets are excluded from measurement (IFRS 5, para. 5).","es":""}}],"id":"p1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"The items excluded from measurement remain presented as part of the group held for sale.","es":""},"explanation":{"fr":"","en":"Professional judgement: the file distinguishes measurement (own standard) from presentation (within the group) for each item (IFRS 5, para. 5). Rule to remember: the exclusion does not take the item out of the group.","es":""},"common_error":{"fr":"","en":"Removing items excluded from measurement from the group: they keep their own measurement standard but stay presented in the group.","es":""},"format":"TRUE_FALSE","answer":true,"id":"p2","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000010","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.RECOVERY_THROUGH_SALE"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"RECOVERY_PRINCIPLE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-principle"},"references":["IFRS 5 §6"],"exercise":{"prompt":{"fr":"","en":"When is an asset classified as held for sale?","es":""},"explanation":{"fr":"","en":"Rule to remember: the basic criterion is recovery principally through a sale (IFRS 5, para. 6).","es":""},"common_error":{"fr":"","en":"Classifying an asset as for sale because it lost value.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"As soon as the asset is fully depreciated","es":""},"correct":false,"feedback":{"fr":"","en":"Full depreciation is not the criterion: it is the way the carrying amount is recovered that counts (IFRS 5, para. 6).","es":""}},{"id":"B","text":{"fr":"","en":"As soon as the entity considers, with no specific plan, selling it one day or another","es":""},"correct":false,"feedback":{"fr":"","en":"A vague idea is not enough: recovery must be principally through sale, with the associated criteria (IFRS 5, paras. 6 and 8).","es":""}},{"id":"C","text":{"fr":"","en":"As soon as its carrying amount is to be recovered principally through a sale","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"As soon as the asset loses value on the market","es":""},"correct":false,"feedback":{"fr":"","en":"A fall in value is a matter of impairment, not of classification as held for sale (IFRS 5, para. 6).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000011","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.AVAILABLE_FOR_IMMEDIATE_SALE"],"dimension":"RECOGNITION","format":"TRUE_FALSE","context":"GENERIC","tested_point":"AVAILABILITY","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-available"},"references":["IFRS 5 §7"],"exercise":{"prompt":{"fr":"","en":"An asset available for immediate sale can be sold in its present condition, subject only to the terms usual for such sales.","es":""},"explanation":{"fr":"","en":"Rule to remember: availability is assessed on the present condition and the usual terms (IFRS 5, para. 7).","es":""},"common_error":{"fr":"","en":"Requiring works or unusual conditions before treating the asset as available.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000012","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HIGHLY_PROBABLE"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"HIGHLY_PROBABLE_ELEMENT","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Which of these elements is part of assessing a highly probable sale?","es":""},"explanation":{"fr":"","en":"Rule to remember: committed plan, active buyer search, reasonable price, sale expected within a year, stable plan: these are the elements of paragraph 8 (IFRS 5, para. 8).","es":""},"common_error":{"fr":"","en":"Reasoning on profitability or depreciation instead of the probability elements.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"An active programme to locate a buyer has been initiated","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The asset has already been depreciated over several consecutive years","es":""},"correct":false,"feedback":{"fr":"","en":"The state of depreciation is not among the elements of paragraph 8 (IFRS 5, para. 8).","es":""}},{"id":"C","text":{"fr":"","en":"The asset generates an operating profit","es":""},"correct":false,"feedback":{"fr":"","en":"The profitability of the asset is not an element in assessing the probability of sale (IFRS 5, para. 8).","es":""}},{"id":"D","text":{"fr":"","en":"The price is set at the carrying amount of the asset","es":""},"correct":false,"feedback":{"fr":"","en":"The price must be reasonable in relation to fair value, not set at carrying amount (IFRS 5, para. 8).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000013","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HIGHLY_PROBABLE","IFRS5.CLASSIFICATION.MARKETING_PRICE_PLAN_CHANGES","IFRS5.CLASSIFICATION.ONE_YEAR_EXPECTATION"],"dimension":"RECOGNITION","format":"MATCHING","context":"GENERIC","tested_point":"ELEMENTS_MATCHING","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Match each element with what it means.","es":""},"explanation":{"fr":"","en":"Rule to remember: each element of paragraph 8 describes one aspect of the probability of sale (IFRS 5, para. 8).","es":""},"common_error":{"fr":"","en":"Mixing up committed plan and stable plan.","es":""},"format":"MATCHING","left":[{"id":"l1","text":{"fr":"","en":"Committed plan","es":""}},{"id":"l2","text":{"fr":"","en":"Reasonable price","es":""}},{"id":"l3","text":{"fr":"","en":"Sale within a year","es":""}},{"id":"l4","text":{"fr":"","en":"Stable plan","es":""}}],"right":[{"id":"r3","text":{"fr":"","en":"The sale is expected within a year of classification","es":""}},{"id":"r4","text":{"fr":"","en":"It is unlikely that the plan will be significantly changed","es":""}},{"id":"r1","text":{"fr":"","en":"Management, at the appropriate level, is committed to a plan to sell","es":""}},{"id":"r2","text":{"fr":"","en":"The asset is marketed at a price consistent with its fair value","es":""}}],"pairs":[{"left":"l1","right":"r1"},{"left":"l2","right":"r2"},{"left":"l3","right":"r3"},{"left":"l4","right":"r4"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000014","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.RECOVERY_THROUGH_SALE","IFRS5.CLASSIFICATION.AVAILABLE_FOR_IMMEDIATE_SALE","IFRS5.CLASSIFICATION.HIGHLY_PROBABLE"],"dimension":"APPLICATION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"THREE_SITUATIONS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"example"},"references":["IFRS 5 §6","IFRS 5 §7","IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Bravane: classify each situation according to whether the classification criteria appear met or not (case assumptions).","es":""},"explanation":{"fr":"","en":"Approach: we check recovery through sale, availability in the present condition, then the probability elements (IFRS 5, paras. 6, 7 and 8). Rule to remember: availability and a highly probable sale must both be met.","es":""},"common_error":{"fr":"","en":"Classifying an asset on management's wish alone.","es":""},"format":"CLASSIFICATION","categories":[{"id":"yes","text":{"fr":"","en":"Criteria met","es":""}},{"id":"no","text":{"fr":"","en":"Criteria not met","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"Vacant warehouse, approved plan, agent appointed, price consistent with fair value, sale expected within a year","es":""},"category":"yes"},{"id":"i2","text":{"fr":"","en":"Machine still fully used, management is thinking about selling it","es":""},"category":"no"},{"id":"i3","text":{"fr":"","en":"Building with a buyer but delivery impossible before major works","es":""},"category":"no"},{"id":"i4","text":{"fr":"","en":"Vacant land, management committed, advertisement published at market price, signing expected within a year","es":""},"category":"yes"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000015","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ONE_YEAR_EXPECTATION","IFRS5.CLASSIFICATION.HIGHLY_PROBABLE"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"ONE_YEAR_ELEMENT","difficulty":"INTERMEDIATE","estimated_time_s":70,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Bravane's management starts a plan to sell a warehouse, but plans not to talk to any buyer for three years. What can be said about the \"sale expected within a year\" element?","es":""},"explanation":{"fr":"","en":"Rule to remember: a sale expected within a year is one of the elements of paragraph 8, assessed with the others (IFRS 5, para. 8).","es":""},"common_error":{"fr":"","en":"Considering a plan sufficient without looking at the timetable.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It is met since a sale plan exists, without looking at the planned timetable","es":""},"correct":false,"feedback":{"fr":"","en":"The existence of a plan says nothing about the timing of the expected sale (IFRS 5, para. 8).","es":""}},{"id":"B","text":{"fr":"","en":"It is not met: the timetable does not match a sale expected within a year","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"It is met if the asking price is high","es":""},"correct":false,"feedback":{"fr":"","en":"The level of the price does not replace the timing element (IFRS 5, para. 8).","es":""}},{"id":"D","text":{"fr":"","en":"It is not assessed at this stage; the asset's current use is enough to settle it","es":""},"correct":false,"feedback":{"fr":"","en":"The expectation of a sale within a year is one of the assessment elements (IFRS 5, para. 8).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000016","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HIGHLY_PROBABLE","IFRS5.CLASSIFICATION.AVAILABLE_FOR_IMMEDIATE_SALE","IFRS5.CLASSIFICATION.RECOVERY_THROUGH_SALE"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"ASSESSMENT_ORDER","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §6","IFRS 5 §7","IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Put the analysis steps for classifying an asset in a logical order.","es":""},"explanation":{"fr":"","en":"Approach: this order is a proposed analysis approach, not an order imposed by the standard; it covers the principle (IFRS 5, para. 6), availability (IFRS 5, para. 7) and probability (IFRS 5, para. 8). Rule to remember: all three aspects must be met.","es":""},"common_error":{"fr":"","en":"Concluding before examining the three aspects.","es":""},"format":"ORDERING","steps":[{"id":"s1","text":{"fr":"","en":"Establish whether the carrying amount will be recovered principally through a sale","es":""}},{"id":"s2","text":{"fr":"","en":"Check availability for immediate sale in the present condition","es":""}},{"id":"s3","text":{"fr":"","en":"Examine the elements of the probability of sale","es":""}},{"id":"s4","text":{"fr":"","en":"Conclude on classification and keep the evidence","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000017","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HIGHLY_PROBABLE","IFRS5.CLASSIFICATION.MARKETING_PRICE_PLAN_CHANGES","IFRS5.CLASSIFICATION.AVAILABLE_FOR_IMMEDIATE_SALE"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"CLASSIFICATION_ERRORS","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"pitfalls"},"references":["IFRS 5 §7","IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: classification requires availability and a highly probable sale, assessed on the facts (IFRS 5, paras. 7 and 8).","es":""},"common_error":{"fr":"","en":"Settling for an internal decision without concrete actions.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"A sale is highly probable as soon as the board approves the principle of a sale, even with no approach to buyers.","es":""},"erroneous":true,"correction":{"fr":"","en":"An active programme to locate a buyer is expected in addition to the plan (IFRS 5, para. 8).","es":""}},{"id":"e2","text":{"fr":"","en":"The asking price is irrelevant as long as management is committed to its plan.","es":""},"erroneous":true,"correction":{"fr":"","en":"The asset must be marketed at a price reasonable in relation to its fair value (IFRS 5, para. 8).","es":""}},{"id":"e3","text":{"fr":"","en":"An asset must be saleable in its present condition subject only to usual terms.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000018","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HIGHLY_PROBABLE","IFRS5.CLASSIFICATION.MARKETING_PRICE_PLAN_CHANGES","IFRS5.CLASSIFICATION.ONE_YEAR_EXPECTATION","IFRS5.CLASSIFICATION.AVAILABLE_FOR_IMMEDIATE_SALE"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"CLASSIFICATION_JUDGMENT_CASE","difficulty":"ADVANCED","estimated_time_s":170,"lesson_id":"LS.IFRS5.000002","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"judgment"},"references":["IFRS 5 §7","IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Advise Drevane on the classification of a site.","es":""},"explanation":{"fr":"","en":"Classification refused until the price is reasonable and the site is available in its present condition (IFRS 5, paras. 7 and 8). Rule to remember: the criteria are assessed on the facts, with no numeric threshold.","es":""},"common_error":{"fr":"","en":"Relying on approval of the plan alone.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: at the reporting date, Drevane holds a logistics site. The board has approved a plan of sale, an agent is appointed and an advertisement has been published. The asking price is well above the site's fair value estimate (case data), no visit has taken place for three months and the site is let to a tenant who will still occupy it for two years.","es":""},"parts":[{"prompt":{"fr":"","en":"Which facts weigh against classification? (Several answers.)","es":""},"explanation":{"fr":"","en":"A price disconnected from fair value and occupation by a tenant weigh against a reasonable price (IFRS 5, para. 8) and against an immediate sale being possible in the present condition (IFRS 5, para. 7).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The asking price well above the estimated fair value","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The tenant who will still occupy the site for two years","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The board's approval of the plan","es":""},"correct":false,"feedback":{"fr":"","en":"Approval of the plan points towards classification; it is not enough on its own (IFRS 5, para. 8).","es":""}},{"id":"D","text":{"fr":"","en":"The advertisement published by the agent","es":""},"correct":false,"feedback":{"fr":"","en":"The advertisement is part of an active buyer search, favourable to classification (IFRS 5, para. 8).","es":""}}],"id":"p1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"What classification conclusion seems the most prudent at the reporting date, on these facts?","es":""},"explanation":{"fr":"","en":"Professional judgement: on these facts, the availability and reasonable-price criteria are not met; the conclusion is documented and re-examined at the next reporting date (IFRS 5, paras. 7 and 8).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Classify, because the board approved the plan","es":""},"correct":false,"feedback":{"fr":"","en":"Approval does not remove the need to meet availability and probability of sale (IFRS 5, paras. 7 and 8).","es":""}},{"id":"B","text":{"fr":"","en":"Classify the half of the site corresponding to the area already vacated","es":""},"correct":false,"feedback":{"fr":"","en":"Nothing in the facts justifies a partial classification; the point is to meet the criteria for the asset (IFRS 5, para. 6).","es":""}},{"id":"C","text":{"fr":"","en":"Classify only once these points are resolved, with the evidence kept on file","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Classify without building an evidence file, since the standard does not ask for justification","es":""},"correct":false,"feedback":{"fr":"","en":"Classification is a judgement that must rest on retained evidence (IFRS 5, para. 8).","es":""}}],"id":"p2","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000019","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ABANDONED_ASSETS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"ABANDONED_NOT_HFS","difficulty":"BEGINNER","estimated_time_s":40,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-abandoned"},"references":["IFRS 5 §13"],"exercise":{"prompt":{"fr":"","en":"An asset to be abandoned may be classified as held for sale.","es":""},"explanation":{"fr":"","en":"Rule to remember: an asset to be abandoned is not held for sale, because its carrying amount is recovered through use until abandonment (IFRS 5, para. 13).","es":""},"common_error":{"fr":"","en":"Equating abandonment with sale.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000020","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ABANDONED_ASSETS"],"dimension":"RECOGNITION","format":"FILL_BLANK","context":"GENERIC","tested_point":"ABANDON_VS_SALE_RECOVERY","difficulty":"BEGINNER","estimated_time_s":55,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-abandoned"},"references":["IFRS 5 §13","IFRS 5 §6"],"exercise":{"prompt":{"fr":"","en":"Complete the sentence.","es":""},"explanation":{"fr":"","en":"Rule to remember: abandonment: recovery through use until abandonment; sale: recovery principally through a sale (IFRS 5, paras. 13 and 6).","es":""},"common_error":{"fr":"","en":"Mixing up the two ways of recovery.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"An asset to be abandoned is recovered {{b1}} until abandonment; an asset held for sale is recovered {{b2}}.","es":""},"blanks":[{"id":"b1","mode":"CHOICE","choices":[{"id":"a","text":{"fr":"","en":"through use","es":""}},{"id":"b","text":{"fr":"","en":"through a sale","es":""}},{"id":"c","text":{"fr":"","en":"through a distribution","es":""}}],"answer":"a"},{"id":"b2","mode":"CHOICE","choices":[{"id":"a","text":{"fr":"","en":"through continuing use","es":""}},{"id":"b","text":{"fr":"","en":"through abandonment","es":""}},{"id":"c","text":{"fr":"","en":"principally through a sale","es":""}}],"answer":"c"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000021","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ABANDONED_ASSETS","IFRS5.CLASSIFICATION.HELD_FOR_DISTRIBUTION"],"dimension":"APPLICATION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"FOUR_DECISIONS","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"example"},"references":["IFRS 5 §6","IFRS 5 §12A","IFRS 5 §13"],"exercise":{"prompt":{"fr":"","en":"Brindel: classify each decision according to its treatment.","es":""},"explanation":{"fr":"","en":"Rule to remember: a committed sale or distribution allows classification; abandonment leaves the asset in use (IFRS 5, paras. 6, 12A and 13).","es":""},"common_error":{"fr":"","en":"Classifying as for sale the press destined for scrap.","es":""},"format":"CLASSIFICATION","categories":[{"id":"sale","text":{"fr":"","en":"Held for sale","es":""}},{"id":"dist","text":{"fr":"","en":"Held for distribution","es":""}},{"id":"use","text":{"fr":"","en":"Stays in use, no classification as for sale","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"Workshop A: sale plan committed, criteria met","es":""},"category":"sale"},{"id":"i2","text":{"fr":"","en":"Press B: scrapping decided in eight months","es":""},"category":"use"},{"id":"i3","text":{"fr":"","en":"Land D: dividend in kind committed to shareholders","es":""},"category":"dist"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000022","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HELD_FOR_DISTRIBUTION"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"DISTRIBUTION_COMMITMENT","difficulty":"INTERMEDIATE","estimated_time_s":55,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-distribution"},"references":["IFRS 5 §12A"],"exercise":{"prompt":{"fr":"","en":"Under what condition may an asset be classified as held for distribution to owners?","es":""},"explanation":{"fr":"","en":"Rule to remember: the commitment to distribute to owners is the condition for this classification (IFRS 5, para. 12A).","es":""},"common_error":{"fr":"","en":"Confusing distribution to owners with disposal to a third party.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The entity considers selling it to a third party for cash","es":""},"correct":false,"feedback":{"fr":"","en":"A disposal to a third party is a sale, not a distribution to owners (IFRS 5, para. 12A).","es":""}},{"id":"B","text":{"fr":"","en":"The asset is fully depreciated","es":""},"correct":false,"feedback":{"fr":"","en":"Depreciation plays no part in classification as for distribution (IFRS 5, para. 12A).","es":""}},{"id":"C","text":{"fr":"","en":"The shareholders asked for it orally","es":""},"correct":false,"feedback":{"fr":"","en":"An informal request is not a commitment by the entity to distribute (IFRS 5, para. 12A).","es":""}},{"id":"D","text":{"fr":"","en":"The entity is committed to distribute it to its owners, with adapted criteria","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000023","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HELD_FOR_DISTRIBUTION","IFRS5.CLASSIFICATION.ABANDONED_ASSETS"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"DISTRIBUTION_ABANDON_ERRORS","difficulty":"ADVANCED","estimated_time_s":90,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-distribution"},"references":["IFRS 5 §12A","IFRS 5 §13"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: committed distribution: specific classification; abandonment: use until abandonment (IFRS 5, paras. 12A and 13).","es":""},"common_error":{"fr":"","en":"Applying the same rule to abandonment and distribution.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"An asset held for distribution to owners is excluded from any specific IFRS 5 classification.","es":""},"erroneous":true,"correction":{"fr":"","en":"There is a classification as held for distribution, with adapted criteria (IFRS 5, para. 12A).","es":""}},{"id":"e2","text":{"fr":"","en":"An asset to be abandoned is recovered through use until abandonment.","es":""},"erroneous":false},{"id":"e3","text":{"fr":"","en":"An abandoned asset is classified as held for sale at the date of the abandonment decision.","es":""},"erroneous":true,"correction":{"fr":"","en":"An asset to be abandoned is not held for sale (IFRS 5, para. 13).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000024","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.EXTENSION_BEYOND_CONTROL"],"dimension":"PROFESSIONAL_JUDGMENT","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"EXTENSION_BEYOND_CONTROL","difficulty":"ADVANCED","estimated_time_s":80,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-extension"},"references":["IFRS 5 §9"],"exercise":{"prompt":{"fr":"","en":"The plan to sell a site is delayed: the local authority has not issued an authorisation the buyer requires, which Drevane cannot speed up. Drevane remains committed to its plan. What can be said about classification?","es":""},"explanation":{"fr":"","en":"Professional judgement: the external origin of the delay and the maintained commitment are to be documented (IFRS 5, para. 9). Rule to remember: a period longer than one year does not prevent classification in these conditions.","es":""},"common_error":{"fr":"","en":"Applying the one-year period as a cut-off.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Classification is impossible as soon as the sale exceeds one year","es":""},"correct":false,"feedback":{"fr":"","en":"An overrun due to events outside the entity's control, with commitment maintained, does not prohibit classification (IFRS 5, para. 9).","es":""}},{"id":"B","text":{"fr":"","en":"An overrun beyond one year due to circumstances outside its control does not prevent classification","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Classification is settled on approval of the plan and is no longer re-examined afterwards","es":""},"correct":false,"feedback":{"fr":"","en":"The situation is assessed on the facts, including the entity's continuing commitment (IFRS 5, para. 9).","es":""}},{"id":"D","text":{"fr":"","en":"Classification depends mainly on the price finally obtained from the buyer","es":""},"correct":false,"feedback":{"fr":"","en":"Price is not the decisive element in this case: it is the origin of the delay and the commitment (IFRS 5, para. 9).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000025","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.LOSS_OF_CONTROL_SUBSIDIARY"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"SUBSIDIARY_ALL_ASSETS","difficulty":"ADVANCED","estimated_time_s":80,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-subsidiary"},"references":["IFRS 5 §8A"],"exercise":{"prompt":{"fr":"","en":"Alverin plans to sell 60% of its subsidiary Torvane and so lose control, while keeping a non-controlling interest. The classification criteria are met. What is classified as held for sale?","es":""},"explanation":{"fr":"","en":"Rule to remember: on loss of control, all the subsidiary's assets and liabilities are classified if the criteria are met, even with a retained interest (IFRS 5, para. 8A).","es":""},"common_error":{"fr":"","en":"Classifying only the share sold.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Only the 60% portion sold","es":""},"correct":false,"feedback":{"fr":"","en":"With loss of control, all the assets and liabilities of the subsidiary are classified, even if an interest is retained (IFRS 5, para. 8A).","es":""}},{"id":"B","text":{"fr":"","en":"Only the assets, the liabilities staying in ordinary liabilities","es":""},"correct":false,"feedback":{"fr":"","en":"The subsidiary's liabilities are classified with its assets (IFRS 5, para. 8A).","es":""}},{"id":"C","text":{"fr":"","en":"Nothing: the retained interest prohibits any classification","es":""},"correct":false,"feedback":{"fr":"","en":"The retained interest does not prevent classification of the subsidiary's assets and liabilities (IFRS 5, para. 8A).","es":""}},{"id":"D","text":{"fr":"","en":"All the assets and liabilities of the subsidiary","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000026","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ACQUIRED_FOR_RESALE"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"ACQUIRED_FOR_RESALE","difficulty":"ADVANCED","estimated_time_s":70,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-acquired"},"references":["IFRS 5 §11"],"exercise":{"prompt":{"fr":"","en":"Orvane acquires a company solely to resell it. When is the criterion of a sale expected within a year assessed?","es":""},"explanation":{"fr":"","en":"Rule to remember: for an asset acquired exclusively for resale, the criterion of a sale expected within a year is assessed from acquisition (IFRS 5, para. 11).","es":""},"common_error":{"fr":"","en":"Waiting for an observation period before assessing the criterion.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"From acquisition","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"One year after acquisition, at the end of an observation period","es":""},"correct":false,"feedback":{"fr":"","en":"The criterion is assessed from acquisition for an asset acquired exclusively for resale (IFRS 5, para. 11).","es":""}},{"id":"C","text":{"fr":"","en":"At the date of the first actual sale","es":""},"correct":false,"feedback":{"fr":"","en":"One does not wait for the actual sale: the criterion concerns the expectation from acquisition (IFRS 5, para. 11).","es":""}},{"id":"D","text":{"fr":"","en":"It is not assessed for this type of asset","es":""},"correct":false,"feedback":{"fr":"","en":"Paragraph 11 provides precisely for its assessment for these assets (IFRS 5, para. 11).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000027","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.AFTER_REPORTING_PERIOD"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"CRITERIA_AFTER_YEAR_END","difficulty":"ADVANCED","estimated_time_s":80,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-after-period"},"references":["IFRS 5 §12"],"exercise":{"prompt":{"fr":"","en":"Year-end 31 December N. Calvane's board approves the plan to sell a warehouse on 20 February N+1 and an agent is appointed that day, before the accounts are finalised. What happens at 31 December N?","es":""},"explanation":{"fr":"","en":"Rule to remember: criteria met after the reporting period do not allow classification at the reporting date; a note is given (IFRS 5, para. 12).","es":""},"common_error":{"fr":"","en":"Anticipating classification on the basis of later facts.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Classify it as for sale at 31 December N, since the decision is known before the accounts are finalised","es":""},"correct":false,"feedback":{"fr":"","en":"The criteria were not met at the reporting date: a later fact does not allow classification at that date (IFRS 5, para. 12).","es":""}},{"id":"B","text":{"fr":"","en":"Do not mention the event: it has no effect on the year-end financial statements","es":""},"correct":false,"feedback":{"fr":"","en":"Paragraph 12 provides for note disclosure when criteria are met after the reporting period (IFRS 5, para. 12).","es":""}},{"id":"C","text":{"fr":"","en":"Do not classify the warehouse as for sale at the reporting date; give the information in the notes","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Reclassify retroactively from 1 January N","es":""},"correct":false,"feedback":{"fr":"","en":"Classification at the reporting date is judged on the facts existing at that date, without retroactivity (IFRS 5, para. 12).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000028","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.TEMPORARILY_OUT_OF_USE","IFRS5.CLASSIFICATION.ABANDONED_ASSETS","IFRS5.CLASSIFICATION.EXTENSION_BEYOND_CONTROL"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"ABANDON_TEMPORARY_CASE","difficulty":"EXPERT","estimated_time_s":170,"lesson_id":"LS.IFRS5.000003","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"judgment"},"references":["IFRS 5 §9","IFRS 5 §13","IFRS 5 §14"],"exercise":{"prompt":{"fr":"","en":"Characterise the situation of an Orvane production line.","es":""},"explanation":{"fr":"","en":"Temporary stop first, then classification possible with a period beyond one year if the delay is external and the commitment maintained (IFRS 5, paras. 9, 13 and 14). Rule to remember: each option is read on its facts.","es":""},"common_error":{"fr":"","en":"Confusing temporary stop, abandonment and sale.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: Orvane's line L2 has been stopped for four months for lack of orders. Management hesitates between three options: restart it if orders return, scrap it at the end of the year, or sell it to a buyer who has shown interest, but whose agreement depends on an administrative authorisation the entity does not control.","es":""},"parts":[{"prompt":{"fr":"","en":"How should the line be treated while nothing is decided?","es":""},"explanation":{"fr":"","en":"Rule to remember: a temporary stop is not abandonment and is not enough to classify as for sale (IFRS 5, para. 14).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"As an abandoned asset from the stop","es":""},"correct":false,"feedback":{"fr":"","en":"A stop, even of several months, is not abandonment (IFRS 5, para. 14).","es":""}},{"id":"B","text":{"fr":"","en":"As an asset held for sale, from the start of the line's stop","es":""},"correct":false,"feedback":{"fr":"","en":"Without a sale plan meeting the criteria, no classification as for sale is possible (IFRS 5, para. 6).","es":""}},{"id":"C","text":{"fr":"","en":"As an asset held for distribution","es":""},"correct":false,"feedback":{"fr":"","en":"No commitment to distribute is part of the facts (IFRS 5, para. 12A).","es":""}},{"id":"D","text":{"fr":"","en":"As an asset temporarily out of use, in its original category","es":""},"correct":true}],"id":"p1","dimension":"RECOGNITION"},{"prompt":{"fr":"","en":"If management commits to a sale plan and the authorisation takes longer than one year, what must be documented to maintain classification?","es":""},"explanation":{"fr":"","en":"Professional judgement: evidence of the external origin of the delay and of the maintained commitment is kept (IFRS 5, para. 9). Rule to remember: the overrun does not prohibit classification if it is outside the entity's control.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"That the price is above the carrying amount","es":""},"correct":false,"feedback":{"fr":"","en":"Price is not the condition set for exceeding the period (IFRS 5, para. 9).","es":""}},{"id":"B","text":{"fr":"","en":"That the delay arises from circumstances outside the entity's control and that it remains committed to its plan","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"That the line was depreciated to the end","es":""},"correct":false,"feedback":{"fr":"","en":"Depreciation plays no role in assessing the overrun (IFRS 5, para. 9).","es":""}},{"id":"D","text":{"fr":"","en":"That, after one year, classification is maintained with no other justification than the time elapsed","es":""},"correct":false,"feedback":{"fr":"","en":"Maintaining it rests on the origin of the delay and the continuing commitment, to be justified (IFRS 5, para. 9).","es":""}}],"id":"p2","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000029","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LOWER_OF"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"LOWER_OF_RULE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-lower"},"references":["IFRS 5 §15"],"exercise":{"prompt":{"fr":"","en":"How is an asset held for sale measured?","es":""},"explanation":{"fr":"","en":"Rule to remember: we retain the lower of carrying amount and fair value less costs to sell (IFRS 5, para. 15).","es":""},"common_error":{"fr":"","en":"Forgetting to deduct the costs to sell.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"At fair value, without deducting costs to sell","es":""},"correct":false,"feedback":{"fr":"","en":"Costs to sell are deducted from fair value in the comparison (IFRS 5, para. 15).","es":""}},{"id":"B","text":{"fr":"","en":"At the selling price expected by management, as shown in the disposal plan","es":""},"correct":false,"feedback":{"fr":"","en":"Defined amounts are compared (carrying amount, fair value less costs), not a hoped-for price (IFRS 5, para. 15).","es":""}},{"id":"C","text":{"fr":"","en":"At the lower of its carrying amount and its fair value less costs to sell","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"At historical acquisition cost","es":""},"correct":false,"feedback":{"fr":"","en":"Original cost is not the reference: it is the carrying amount before reclassification (IFRS 5, para. 15).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000030","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.FAIR_VALUE_LESS_COSTS_TO_SELL"],"dimension":"RULE_KNOWLEDGE","format":"FILL_BLANK","context":"GENERIC","tested_point":"FVLCTS_DEFINITION","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5 §15","IFRS 5"],"exercise":{"prompt":{"fr":"","en":"Complete the definition.","es":""},"explanation":{"fr":"","en":"Rule to remember: fair value less costs to sell = fair value − costs to sell (IFRS 5, para. 15) (IFRS 5, Appendix A).","es":""},"common_error":{"fr":"","en":"Adding the costs to sell instead of deducting them.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"Fair value less costs to sell is fair value {{b1}} the costs to sell.","es":""},"blanks":[{"id":"b1","mode":"CHOICE","choices":[{"id":"a","text":{"fr":"","en":"reduced by","es":""}},{"id":"b","text":{"fr":"","en":"increased by","es":""}},{"id":"c","text":{"fr":"","en":"multiplied by","es":""}}],"answer":"a"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000031","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LOWER_OF","IFRS5.MEASUREMENT.FAIR_VALUE_LESS_COSTS_TO_SELL","IFRS5.MEASUREMENT.COSTS_TO_SELL"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"LOWER_OF_CALC","difficulty":"INTERMEDIATE","estimated_time_s":110,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"numeric-lower"},"references":["IFRS 5 §15","IFRS 5"],"exercise":{"prompt":{"fr":"","en":"Dalvane classifies workshop A as held for sale: carrying amount €750,000, fair value €690,000, commission €15,000 and legal fees €9,000. Calculate the costs to sell, fair value less costs, the measurement retained and the loss.","es":""},"explanation":{"fr":"","en":"15,000 + 9,000 = 24,000; 690,000 − 24,000 = 666,000; the lower of 750,000 and 666,000 is 666,000; loss 750,000 − 666,000 = 84,000. Rule to remember: we retain the lower of carrying amount and fair value less costs (IFRS 5, para. 15).","es":""},"common_error":{"fr":"","en":"Measuring the loss against gross fair value (€60,000) instead of fair value less costs.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Carrying amount","es":""},"value":"750000","unit":"EUR"},{"label":{"fr":"","en":"Fair value","es":""},"value":"690000","unit":"EUR"},{"label":{"fr":"","en":"Agent's commission","es":""},"value":"15000","unit":"EUR"},{"label":{"fr":"","en":"Legal fees","es":""},"value":"9000","unit":"EUR"}],"steps":[{"id":"costs","label":{"fr":"","en":"Costs to sell","es":""},"answer":24000,"tolerance":0,"unit":"EUR"},{"id":"fvl","label":{"fr":"","en":"Fair value less costs to sell","es":""},"answer":666000,"tolerance":0,"unit":"EUR"},{"id":"meas","label":{"fr":"","en":"Measurement retained","es":""},"answer":666000,"tolerance":0,"unit":"EUR"},{"id":"loss","label":{"fr":"","en":"Loss to recognise","es":""},"answer":84000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"costs","meaning":{"fr":"","en":"Costs to sell","es":""},"expression":"a + b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Agent's commission","es":""},"value":15000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Legal fees","es":""},"value":9000,"unit":"EUR"}],"result":24000,"unit":"EUR"},{"step":"fvl","meaning":{"fr":"","en":"Fair value less costs to sell","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value","es":""},"value":690000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Costs to sell","es":""},"value":24000,"unit":"EUR"}],"result":666000,"unit":"EUR"},{"step":"loss","meaning":{"fr":"","en":"Loss to recognise","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount","es":""},"value":750000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Measurement retained","es":""},"value":666000,"unit":"EUR"}],"result":84000,"unit":"EUR"}],"rationale":{"fr":"","en":"we retain the lower of carrying amount and fair value less costs (IFRS 5, para. 15).","es":""},"references":["REF.IFRS5.15"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000032","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"COSTS_TO_SELL_CALC","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5"],"exercise":{"prompt":{"fr":"","en":"For the disposal of workshop A, Dalvane incurs: agent's commission €15,000, legal fees €9,000, loan interest €6,000 and income tax €35,000. Calculate the costs to sell.","es":""},"explanation":{"fr":"","en":"15,000 + 9,000 = 24,000; interest and tax excluded. Rule to remember: costs to sell = incremental costs attributable to the disposal, excluding finance costs and tax (IFRS 5, Appendix A).","es":""},"common_error":{"fr":"","en":"Adding the four amounts (€65,000).","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Commission","es":""},"value":"15000","unit":"EUR"},{"label":{"fr":"","en":"Legal fees","es":""},"value":"9000","unit":"EUR"},{"label":{"fr":"","en":"Loan interest","es":""},"value":"6000","unit":"EUR"},{"label":{"fr":"","en":"Income tax","es":""},"value":"35000","unit":"EUR"}],"steps":[{"id":"costs","label":{"fr":"","en":"Costs to sell","es":""},"answer":24000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"costs","meaning":{"fr":"","en":"Costs to sell","es":""},"expression":"a + b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Commission","es":""},"value":15000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Legal fees","es":""},"value":9000,"unit":"EUR"}],"result":24000,"unit":"EUR"}],"rationale":{"fr":"","en":"costs to sell = incremental costs attributable to the disposal, excluding finance costs and tax (IFRS 5, Appendix A).","es":""},"references":["REF.IFRS5.A"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000033","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LOWER_OF","IFRS5.MEASUREMENT.FAIR_VALUE_LESS_COSTS_TO_SELL"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"NO_WRITE_UP","difficulty":"INTERMEDIATE","estimated_time_s":70,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"numeric-lower"},"references":["IFRS 5 §15"],"exercise":{"prompt":{"fr":"","en":"Dalvane's machine B has a carrying amount of €400,000, a fair value of €450,000 and costs to sell of €15,000. At what amount is it measured on classification as for sale?","es":""},"explanation":{"fr":"","en":"400,000 < 435,000: we retain 400,000. Rule to remember: the lower of the two amounts applies; no gain on classification (IFRS 5, para. 15).","es":""},"common_error":{"fr":"","en":"Writing the asset up to fair value on classification.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"€400,000, its carrying amount, which is the lower","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"€450,000, its fair value","es":""},"correct":false,"feedback":{"fr":"","en":"Gross fair value is not used: carrying amount is compared with fair value less costs (IFRS 5, para. 15).","es":""}},{"id":"C","text":{"fr":"","en":"€435,000, its fair value less costs to sell (450,000 − 15,000)","es":""},"correct":false,"feedback":{"fr":"","en":"This amount is above the carrying amount; the lower is the carrying amount (IFRS 5, para. 15).","es":""}},{"id":"D","text":{"fr":"","en":"€465,000, fair value plus costs to sell (450,000 + 15,000)","es":""},"correct":false,"feedback":{"fr":"","en":"Costs to sell are deducted from fair value, not added to it (IFRS 5, para. 15).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000034","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REMEASURE_BEFORE_CLASSIFICATION","IFRS5.MEASUREMENT.LOWER_OF"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"CARRYING_BEFORE_CLASSIFICATION","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"numeric-before"},"references":["IFRS 5 §15","IFRS 5 §18"],"exercise":{"prompt":{"fr":"","en":"A Dalvane building has a cost of €1,000,000 and accumulated depreciation of €300,000 at 31 December N-1; annual charge €40,000. It is classified as for sale on 31 March N, fair value less costs to sell €650,000. Calculate the charge to the classification date, the carrying amount before reclassification, the amount retained and the loss.","es":""},"explanation":{"fr":"","en":"40,000 × 3/12 = 10,000; 1,000,000 − 300,000 − 10,000 = 690,000; lower 650,000; loss 40,000. Rule to remember: the carrying amount is updated up to classification before the comparison (IFRS 5, paras. 18 and 15).","es":""},"common_error":{"fr":"","en":"Starting from €700,000 without recognising the first-quarter charge.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Cost","es":""},"value":"1000000","unit":"EUR"},{"label":{"fr":"","en":"Accumulated depreciation at 31/12/N-1","es":""},"value":"300000","unit":"EUR"},{"label":{"fr":"","en":"Annual charge","es":""},"value":"40000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs","es":""},"value":"650000","unit":"EUR"}],"steps":[{"id":"dep","label":{"fr":"","en":"Charge from 1 January to 31 March","es":""},"answer":10000,"tolerance":0,"unit":"EUR"},{"id":"ca","label":{"fr":"","en":"Carrying amount before reclassification","es":""},"answer":690000,"tolerance":0,"unit":"EUR"},{"id":"meas","label":{"fr":"","en":"Amount retained","es":""},"answer":650000,"tolerance":0,"unit":"EUR"},{"id":"loss","label":{"fr":"","en":"Loss","es":""},"answer":40000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"dep","meaning":{"fr":"","en":"Charge from 1 January to 31 March","es":""},"expression":"a * 3 / 12","variables":[{"symbol":"a","meaning":{"fr":"","en":"Annual charge","es":""},"value":40000,"unit":"EUR"}],"result":10000,"unit":"EUR"},{"step":"ca","meaning":{"fr":"","en":"Carrying amount before reclassification","es":""},"expression":"a - b - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Cost","es":""},"value":1000000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Accumulated depreciation at 31/12/N-1","es":""},"value":300000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Charge from 1 January to 31 March","es":""},"value":10000,"unit":"EUR"}],"result":690000,"unit":"EUR"}],"rationale":{"fr":"","en":"the carrying amount is updated up to classification before the comparison (IFRS 5, paras. 18 and 15).","es":""},"references":["REF.IFRS5.15","REF.IFRS5.18"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000035","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REMEASURE_BEFORE_CLASSIFICATION","IFRS5.MEASUREMENT.LOWER_OF"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"MEASUREMENT_SEQUENCE","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-before"},"references":["IFRS 5 §15","IFRS 5 §18"],"exercise":{"prompt":{"fr":"","en":"Put the steps for measuring an asset to be classified as for sale in order.","es":""},"explanation":{"fr":"","en":"Approach: this sequence is a proposed approach; it follows the measurement principle (IFRS 5, para. 15) and the prior update (IFRS 5, para. 18). Rule to remember: the carrying amount is updated before it is compared.","es":""},"common_error":{"fr":"","en":"Comparing before updating the carrying amount.","es":""},"format":"ORDERING","steps":[{"id":"s1","text":{"fr":"","en":"Update the carrying amount under the applicable standards up to the classification date","es":""}},{"id":"s2","text":{"fr":"","en":"Determine fair value and costs to sell","es":""}},{"id":"s3","text":{"fr":"","en":"Compute fair value less costs to sell","es":""}},{"id":"s4","text":{"fr":"","en":"Retain the lower of the two amounts and recognise any loss","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000036","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.FAIR_VALUE_LESS_COSTS_TO_SELL","IFRS5.MEASUREMENT.COSTS_TO_SELL","IFRS5.MEASUREMENT.LOWER_OF"],"dimension":"RECOGNITION","format":"MATCHING","context":"GENERIC","tested_point":"TERMS_MATCHING","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5 §15","IFRS 5"],"exercise":{"prompt":{"fr":"","en":"Match each term with its description.","es":""},"explanation":{"fr":"","en":"Rule to remember: four notions follow one another: updated carrying amount, costs to sell, fair value less costs, lower of the two (IFRS 5, paras. 15 and 18) (IFRS 5, Appendix A).","es":""},"common_error":{"fr":"","en":"Confusing costs to sell with fair value less costs.","es":""},"format":"MATCHING","left":[{"id":"l1","text":{"fr":"","en":"Carrying amount before reclassification","es":""}},{"id":"l2","text":{"fr":"","en":"Costs to sell","es":""}},{"id":"l3","text":{"fr":"","en":"Fair value less costs to sell","es":""}},{"id":"l4","text":{"fr":"","en":"Measurement retained","es":""}}],"right":[{"id":"r4","text":{"fr":"","en":"Lower of carrying amount and fair value less costs","es":""}},{"id":"r1","text":{"fr":"","en":"Amount measured under the applicable standards up to classification","es":""}},{"id":"r2","text":{"fr":"","en":"Incremental costs directly attributable to the disposal, excluding finance costs and tax","es":""}},{"id":"r3","text":{"fr":"","en":"Fair value minus the costs to sell","es":""}}],"pairs":[{"left":"l1","right":"r1"},{"left":"l2","right":"r2"},{"left":"l3","right":"r3"},{"left":"l4","right":"r4"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000037","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL_DISCOUNTING"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"DISCOUNTED_COSTS","difficulty":"ADVANCED","estimated_time_s":130,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-discounting"},"references":["IFRS 5 §17"],"exercise":{"prompt":{"fr":"","en":"Dalvane intends to dispose of a group in two years. Fair value €1,000,000; costs to sell of €110,250 payable in two years; discount rate 5% (case assumption). Calculate the present value of the costs to sell, fair value less costs to sell and the unwinding for the first year.","es":""},"explanation":{"fr":"","en":"110,250 / 1.05² = 100,000; 1,000,000 − 100,000 = 900,000; 100,000 × 5% = 5,000, recognised as a finance cost. Case convention: the 5% rate and the two-year period are case data. Rule to remember: the costs of a disposal beyond one year are discounted (IFRS 5, para. 17).","es":""},"common_error":{"fr":"","en":"Deducting the undiscounted costs to sell (€110,250).","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Fair value","es":""},"value":"1000000","unit":"EUR"},{"label":{"fr":"","en":"Costs to sell in two years","es":""},"value":"110250","unit":"EUR"},{"label":{"fr":"","en":"Discount rate","es":""},"value":"5","unit":"PERCENT"}],"steps":[{"id":"pv","label":{"fr":"","en":"Present value of costs to sell","es":""},"answer":100000,"tolerance":1,"unit":"EUR"},{"id":"fvl","label":{"fr":"","en":"Fair value less costs to sell","es":""},"answer":900000,"tolerance":1,"unit":"EUR"},{"id":"unw","label":{"fr":"","en":"Unwinding in year 1","es":""},"answer":5000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"pv","meaning":{"fr":"","en":"Present value of costs to sell","es":""},"expression":"a / (1 + b)^2","variables":[{"symbol":"a","meaning":{"fr":"","en":"Costs to sell in two years","es":""},"value":110250,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Discount rate","es":""},"value":5,"unit":"PERCENT"}],"result":100000,"unit":"EUR"},{"step":"fvl","meaning":{"fr":"","en":"Fair value less costs to sell","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value","es":""},"value":1000000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Present value of costs to sell","es":""},"value":100000,"unit":"EUR"}],"result":900000,"unit":"EUR"},{"step":"unw","meaning":{"fr":"","en":"Unwinding in year 1","es":""},"expression":"a * b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Present value of costs to sell","es":""},"value":100000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Discount rate","es":""},"value":5,"unit":"PERCENT"}],"result":5000,"unit":"EUR"}],"rationale":{"fr":"","en":"the costs of a disposal beyond one year are discounted (IFRS 5, para. 17).","es":""},"references":["REF.IFRS5.17"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000038","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NEWLY_ACQUIRED"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"NEWLY_ACQUIRED_INITIAL","difficulty":"ADVANCED","estimated_time_s":80,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-newly"},"references":["IFRS 5 §16"],"exercise":{"prompt":{"fr":"","en":"Orvane acquires a subsidiary in a business combination and classifies it as for sale from acquisition. Fair value of the assets concerned: €800,000; costs to sell: €30,000. At what amount is the initial measurement made?","es":""},"explanation":{"fr":"","en":"800,000 − 30,000 = 770,000. Rule to remember: an asset acquired and classified as for sale from acquisition is measured at fair value less costs to sell (IFRS 5, para. 16).","es":""},"common_error":{"fr":"","en":"Measuring at gross fair value on acquisition.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"€800,000, i.e. fair value","es":""},"correct":false,"feedback":{"fr":"","en":"On initial measurement, costs to sell are deducted from fair value (IFRS 5, para. 16).","es":""}},{"id":"B","text":{"fr":"","en":"€770,000, i.e. fair value less costs to sell","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"€830,000, i.e. fair value plus costs to sell","es":""},"correct":false,"feedback":{"fr":"","en":"Costs to sell are taken off fair value, not added to it (IFRS 5, para. 16).","es":""}},{"id":"D","text":{"fr":"","en":"The acquisition price actually paid by Orvane in the business combination","es":""},"correct":false,"feedback":{"fr":"","en":"The standard refers to fair value less costs, not the price paid (IFRS 5, para. 16).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000039","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL_DISCOUNTING","IFRS5.MEASUREMENT.NEWLY_ACQUIRED"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"ACQUIRED_GROUP_DISCOUNTING_CASE","difficulty":"EXPERT","estimated_time_s":190,"lesson_id":"LS.IFRS5.000004","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"judgment"},"references":["IFRS 5 §16","IFRS 5 §17"],"exercise":{"prompt":{"fr":"","en":"Measure an acquired group then classified as for sale at Orvane.","es":""},"explanation":{"fr":"","en":"Present value of costs 100,000, initial measurement 700,000, unwinding in finance costs (IFRS 5, paras. 16 and 17). Rule to remember: the costs of a disposal beyond one year are discounted.","es":""},"common_error":{"fr":"","en":"Forgetting to discount the costs of a deferred disposal.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: Orvane acquires a group in a business combination and classifies it as for sale from acquisition. Fair value of the assets: €800,000. The sale is expected in two years; the (undiscounted) costs to sell amount to €121,000, payable on disposal; discount rate 10% (case assumption).","es":""},"parts":[{"prompt":{"fr":"","en":"Calculate the present value of the costs to sell and fair value less those costs.","es":""},"explanation":{"fr":"","en":"121,000 / 1.1² = 100,000; 800,000 − 100,000 = 700,000. Case convention: the 10% rate and the two-year period are case data. Rule to remember: the costs of a disposal beyond one year are discounted (IFRS 5, para. 17).","es":""},"common_error":{"fr":"","en":"Deducting undiscounted costs to sell: for a sale beyond one year, they are discounted.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Undiscounted costs to sell","es":""},"value":"121000","unit":"EUR"},{"label":{"fr":"","en":"Rate","es":""},"value":"10","unit":"PERCENT"}],"steps":[{"id":"pv","label":{"fr":"","en":"Present value of costs","es":""},"answer":100000,"tolerance":1,"unit":"EUR"},{"id":"fvl","label":{"fr":"","en":"Fair value less costs","es":""},"answer":700000,"tolerance":1,"unit":"EUR"}],"id":"p1","dimension":"CALCULATION","formula":{"lines":[{"step":"pv","meaning":{"fr":"","en":"Present value of costs","es":""},"expression":"a / (1 + b)^2","variables":[{"symbol":"a","meaning":{"fr":"","en":"Undiscounted costs to sell","es":""},"value":121000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Rate","es":""},"value":10,"unit":"PERCENT"}],"result":100000,"unit":"EUR"}],"rationale":{"fr":"","en":"the costs of a disposal beyond one year are discounted (IFRS 5, para. 17).","es":""},"references":["REF.IFRS5.17"]}},{"prompt":{"fr":"","en":"At what amount is the group initially measured?","es":""},"explanation":{"fr":"","en":"Rule to remember: initial measurement = fair value less costs to sell, discounted if the disposal exceeds one year (IFRS 5, paras. 16 and 17).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"€700,000, fair value less the present value of costs to sell","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"€800,000, fair value without deduction","es":""},"correct":false,"feedback":{"fr":"","en":"The (discounted) costs to sell are deducted on initial measurement (IFRS 5, paras. 16 and 17).","es":""}},{"id":"C","text":{"fr":"","en":"€679,000, fair value less undiscounted costs to sell (800,000 − 121,000)","es":""},"correct":false,"feedback":{"fr":"","en":"The disposal exceeds one year: costs are discounted before deduction (IFRS 5, para. 17).","es":""}},{"id":"D","text":{"fr":"","en":"€921,000, fair value plus costs","es":""},"correct":false,"feedback":{"fr":"","en":"Costs reduce the measurement, they do not increase it (IFRS 5, para. 16).","es":""}}],"id":"p2","dimension":"APPLICATION"},{"prompt":{"fr":"","en":"The increase in the present value of the costs to sell due to the passage of time is recognised as a finance cost.","es":""},"explanation":{"fr":"","en":"Professional judgement: the unwinding charge is followed each period and its timetable justified (IFRS 5, para. 17). Rule to remember: unwinding is a finance cost.","es":""},"common_error":{"fr":"","en":"Presenting the unwinding of costs to sell as an impairment loss: it is a finance cost.","es":""},"format":"TRUE_FALSE","answer":true,"id":"p3","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000040","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"LOSS_IN_PROFIT","difficulty":"BEGINNER","estimated_time_s":40,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"rule-loss"},"references":["IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"An impairment loss due to moving to fair value less costs to sell is charged to equity.","es":""},"explanation":{"fr":"","en":"Rule to remember: the loss down to fair value less costs to sell is recognised in profit or loss (IFRS 5, para. 20).","es":""},"common_error":{"fr":"","en":"Charging the loss to equity.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000041","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"WHEN_LOSS","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"understand"},"references":["IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"A carrying amount before reclassification of €500,000 and fair value less costs of €430,000: what happens on classification?","es":""},"explanation":{"fr":"","en":"500,000 − 430,000 = 70,000. Rule to remember: the loss is the gap down to fair value less costs, recognised on classification (IFRS 5, para. 20).","es":""},"common_error":{"fr":"","en":"Waiting for the sale to recognise the loss.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The loss will only be recognised on the actual sale of the equipment","es":""},"correct":false,"feedback":{"fr":"","en":"The loss is recognised on classification, without waiting for the sale (IFRS 5, para. 20).","es":""}},{"id":"B","text":{"fr":"","en":"A loss of €70,000 is recognised in profit or loss","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"A gain of €70,000 is recognised","es":""},"correct":false,"feedback":{"fr":"","en":"Fair value less costs below carrying amount gives a loss, not a gain (IFRS 5, para. 20).","es":""}},{"id":"D","text":{"fr":"","en":"A loss of €500,000 is recognised","es":""},"correct":false,"feedback":{"fr":"","en":"The loss is the difference between the two amounts, not the whole carrying amount (IFRS 5, para. 20).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000042","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"LOSS_CALC","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"numeric-loss"},"references":["IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"Orlane classifies an item of equipment with a cost of €900,000 and accumulated depreciation of €250,000 as for sale. Fair value less costs to sell is €590,000. Calculate the carrying amount before reclassification, the loss and the amount after the loss.","es":""},"explanation":{"fr":"","en":"900,000 − 250,000 = 650,000; 650,000 − 590,000 = 60,000; the asset is at 590,000. Rule to remember: the loss is the gap down to fair value less costs to sell (IFRS 5, para. 20).","es":""},"common_error":{"fr":"","en":"Computing the loss from cost (€900,000).","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Cost","es":""},"value":"900000","unit":"EUR"},{"label":{"fr":"","en":"Accumulated depreciation","es":""},"value":"250000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs","es":""},"value":"590000","unit":"EUR"}],"steps":[{"id":"ca","label":{"fr":"","en":"Carrying amount before reclassification","es":""},"answer":650000,"tolerance":0,"unit":"EUR"},{"id":"loss","label":{"fr":"","en":"Loss","es":""},"answer":60000,"tolerance":0,"unit":"EUR"},{"id":"after","label":{"fr":"","en":"Amount after the loss","es":""},"answer":590000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"ca","meaning":{"fr":"","en":"Carrying amount before reclassification","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Cost","es":""},"value":900000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Accumulated depreciation","es":""},"value":250000,"unit":"EUR"}],"result":650000,"unit":"EUR"},{"step":"loss","meaning":{"fr":"","en":"Loss","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount before reclassification","es":""},"value":650000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Fair value less costs","es":""},"value":590000,"unit":"EUR"}],"result":60000,"unit":"EUR"}],"rationale":{"fr":"","en":"the loss is the gap down to fair value less costs to sell (IFRS 5, para. 20).","es":""},"references":["REF.IFRS5.20"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000043","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"RECLASSIFICATION_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":100,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"entry-loss"},"references":["IFRS 5 §18","IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"Orlane reclassifies the equipment (cost €960,000, accumulated depreciation €360,000) as an asset held for sale, at its carrying amount before reclassification. Record the entry.","es":""},"explanation":{"fr":"","en":"Debit asset held for sale 600,000 and accumulated depreciation 360,000; credit fixed asset 960,000. Rule to remember: reclassification is made at the carrying amount before reclassification (IFRS 5, para. 18).","es":""},"common_error":{"fr":"","en":"Reclassifying gross cost (€960,000) without clearing the depreciation.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"hfs","text":{"fr":"","en":"Asset held for sale","es":""}},{"id":"ppe","text":{"fr":"","en":"Property, plant and equipment (cost)","es":""}},{"id":"acc","text":{"fr":"","en":"Accumulated depreciation","es":""}},{"id":"loss","text":{"fr":"","en":"Impairment loss","es":""}}],"lines":[{"id":"l1","account":"hfs","side":"DEBIT","amount":600000,"given":["account","side"]},{"id":"l2","account":"acc","side":"DEBIT","amount":360000,"given":["account","side"]},{"id":"l3","account":"ppe","side":"CREDIT","amount":960000,"given":["account","side"]}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000044","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"WRITEDOWN_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"entry-loss"},"references":["IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"Orlane brings the asset held for sale from €620,000 down to €545,000. Record the loss entry.","es":""},"explanation":{"fr":"","en":"Debit impairment loss 75,000; credit asset held for sale 75,000. Rule to remember: the loss goes to profit or loss (IFRS 5, para. 20).","es":""},"common_error":{"fr":"","en":"Debiting equity instead of profit or loss.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"hfs","text":{"fr":"","en":"Asset held for sale","es":""}},{"id":"loss","text":{"fr":"","en":"Impairment loss (profit or loss)","es":""}},{"id":"oci","text":{"fr":"","en":"Equity","es":""}}],"lines":[{"id":"l1","account":"loss","side":"DEBIT","amount":75000,"given":["account"]},{"id":"l2","account":"hfs","side":"CREDIT","amount":75000,"given":["account"]}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000045","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REVERSAL_LIMIT"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"REVERSAL_SEQUENCE","difficulty":"INTERMEDIATE","estimated_time_s":130,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"numeric-loss"},"references":["IFRS 5 §21"],"exercise":{"prompt":{"fr":"","en":"Orlane: carrying amount before reclassification €620,000, loss on classification €80,000 (amount €540,000). Fair value less costs rises to €556,000, then to €640,000. Calculate the first reversal, the next quarter's reversal (capped) and the final amount.","es":""},"explanation":{"fr":"","en":"556,000 − 540,000 = 16,000; remaining loss 80,000 − 16,000 = 64,000; the increase 640,000 − 556,000 = 84,000 exceeds 64,000: reversal 64,000; amount 556,000 + 64,000 = 620,000. Rule to remember: reversals do not exceed the cumulative loss (IFRS 5, para. 21).","es":""},"common_error":{"fr":"","en":"Reversing the whole increase (€84,000) in the third quarter.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Cumulative loss","es":""},"value":"80000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs, quarter 2","es":""},"value":"556000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs, quarter 3","es":""},"value":"640000","unit":"EUR"}],"steps":[{"id":"g1","label":{"fr":"","en":"Reversal in quarter 2","es":""},"answer":16000,"tolerance":0,"unit":"EUR"},{"id":"g2","label":{"fr":"","en":"Reversal in quarter 3 (capped)","es":""},"answer":64000,"tolerance":0,"unit":"EUR"},{"id":"final","label":{"fr":"","en":"Final amount of the asset","es":""},"answer":620000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"g2","meaning":{"fr":"","en":"Reversal in quarter 3 (capped)","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Cumulative loss","es":""},"value":80000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Reversal in quarter 2","es":""},"value":16000,"unit":"EUR"}],"result":64000,"unit":"EUR"},{"step":"final","meaning":{"fr":"","en":"Final amount of the asset","es":""},"expression":"a + b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value less costs, quarter 2","es":""},"value":556000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Reversal in quarter 3 (capped)","es":""},"value":64000,"unit":"EUR"}],"result":620000,"unit":"EUR"}],"rationale":{"fr":"","en":"reversals do not exceed the cumulative loss (IFRS 5, para. 21).","es":""},"references":["REF.IFRS5.21"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000046","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REVERSAL_LIMIT"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"LIMITED_REVERSAL_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"entry-reversal"},"references":["IFRS 5 §21"],"exercise":{"prompt":{"fr":"","en":"Orlane: the asset is at €445,000, the cumulative loss not yet reversed is €55,000 and fair value less costs reaches €520,000. Record the entry for the limited reversal.","es":""},"explanation":{"fr":"","en":"Debit asset 55,000; credit reversal gain 55,000 (not 75,000). Rule to remember: the reversal is capped at the cumulative loss not yet reversed (IFRS 5, para. 21).","es":""},"common_error":{"fr":"","en":"Recording a €75,000 reversal.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"hfs","text":{"fr":"","en":"Asset held for sale","es":""}},{"id":"gain","text":{"fr":"","en":"Reversal gain (profit or loss)","es":""}},{"id":"loss","text":{"fr":"","en":"Impairment loss","es":""}}],"lines":[{"id":"l1","account":"hfs","side":"DEBIT","amount":55000,"given":["account","side"]},{"id":"l2","account":"gain","side":"CREDIT","amount":55000,"given":["account","side"]}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000047","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REVERSAL_LIMIT"],"dimension":"APPLICATION","format":"CALCULATION","context":"GENERIC","tested_point":"GROUP_REVERSAL","difficulty":"INTERMEDIATE","estimated_time_s":100,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"rule-reversal"},"references":["IFRS 5 §21","IFRS 5 §22"],"exercise":{"prompt":{"fr":"","en":"Vendale's disposal group has suffered a cumulative loss of €80,000. Its fair value less costs to sell then increases by €55,000. Calculate the reversal and the remaining cumulative loss.","es":""},"explanation":{"fr":"","en":"The increase 55,000 is below the cumulative loss 80,000: reversal 55,000; remaining loss 25,000. Rule to remember: same cap principle for a group (IFRS 5, para. 22).","es":""},"common_error":{"fr":"","en":"Forgetting to track the remaining loss after a partial reversal.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Cumulative loss of the group","es":""},"value":"80000","unit":"EUR"},{"label":{"fr":"","en":"Increase in fair value less costs","es":""},"value":"55000","unit":"EUR"}],"steps":[{"id":"rev","label":{"fr":"","en":"Reversal","es":""},"answer":55000,"tolerance":0,"unit":"EUR"},{"id":"rest","label":{"fr":"","en":"Remaining cumulative loss","es":""},"answer":25000,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000048","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REVERSAL_LIMIT"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"REVERSAL_WITH_IAS36_LOSS","difficulty":"ADVANCED","estimated_time_s":140,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"pitfalls"},"references":["IFRS 5 §21"],"exercise":{"prompt":{"fr":"","en":"Before classification, Orlane recognised a loss of €30,000 under IAS 36. On classification, the amount is €500,000 and fair value less costs €430,000 (loss of €70,000 under IFRS 5). Fair value less costs then rises to €560,000. Calculate the cumulative loss, the reversal and the amount after reversal.","es":""},"explanation":{"fr":"","en":"30,000 + 70,000 = 100,000; the increase 560,000 − 430,000 = 130,000 exceeds 100,000: reversal 100,000; amount 430,000 + 100,000 = 530,000. Rule to remember: the cap counts losses recognised under IFRS 5 or earlier under IAS 36 (IFRS 5, para. 21).","es":""},"common_error":{"fr":"","en":"Capping only on the IFRS 5 loss (€70,000).","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Earlier loss (IAS 36)","es":""},"value":"30000","unit":"EUR"},{"label":{"fr":"","en":"Loss on classification (IFRS 5)","es":""},"value":"70000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs after the rise","es":""},"value":"560000","unit":"EUR"}],"steps":[{"id":"cum","label":{"fr":"","en":"Cumulative loss","es":""},"answer":100000,"tolerance":0,"unit":"EUR"},{"id":"rev","label":{"fr":"","en":"Reversal","es":""},"answer":100000,"tolerance":0,"unit":"EUR"},{"id":"after","label":{"fr":"","en":"Amount after reversal","es":""},"answer":530000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"cum","meaning":{"fr":"","en":"Cumulative loss","es":""},"expression":"a + b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Earlier loss (IAS 36)","es":""},"value":30000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Loss on classification (IFRS 5)","es":""},"value":70000,"unit":"EUR"}],"result":100000,"unit":"EUR"}],"rationale":{"fr":"","en":"the cap counts losses recognised under IFRS 5 or earlier under IAS 36 (IFRS 5, para. 21).","es":""},"references":["REF.IFRS5.21"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000049","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS","IFRS5.MEASUREMENT.REVERSAL_LIMIT"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"LOSS_REVERSAL_ERRORS","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000005","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"pitfalls"},"references":["IFRS 5 §20","IFRS 5 §21","IFRS 5 §22"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: the loss goes to profit or loss and the reversal is capped at the cumulative loss, for an asset as for a group (IFRS 5, paras. 20, 21 and 22).","es":""},"common_error":{"fr":"","en":"Writing the asset up above its carrying amount before the losses.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"A later increase in fair value less costs gives a gain within the limit of the cumulative loss.","es":""},"erroneous":false},{"id":"e2","text":{"fr":"","en":"A later increase in fair value less costs allows the asset to be written up above its carrying amount before the losses.","es":""},"erroneous":true,"correction":{"fr":"","en":"The gain is limited to the cumulative loss recognised (IFRS 5, para. 21).","es":""}},{"id":"e3","text":{"fr":"","en":"For a disposal group, no reversal of loss is ever possible.","es":""},"erroneous":true,"correction":{"fr":"","en":"The same principle of gain, within the limit of the cumulative loss, applies to a group (IFRS 5, para. 22).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000050","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NO_DEPRECIATION"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"NO_DEP_RULE","difficulty":"BEGINNER","estimated_time_s":40,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-no-dep"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"What happens to the depreciation of a machine after classification as for sale?","es":""},"explanation":{"fr":"","en":"Rule to remember: depreciation stops at the classification date (IFRS 5, para. 25).","es":""},"common_error":{"fr":"","en":"Continuing depreciation after classification.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It continues at the same pace","es":""},"correct":false,"feedback":{"fr":"","en":"An asset held for sale is no longer depreciated (IFRS 5, para. 25).","es":""}},{"id":"B","text":{"fr":"","en":"It doubles to offset the loss in value","es":""},"correct":false,"feedback":{"fr":"","en":"No such mechanism exists; depreciation stops (IFRS 5, para. 25).","es":""}},{"id":"C","text":{"fr":"","en":"It is computed on fair value less costs","es":""},"correct":false,"feedback":{"fr":"","en":"There is no more charge, whatever the base (IFRS 5, para. 25).","es":""}},{"id":"D","text":{"fr":"","en":"It stops","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000051","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NO_DEPRECIATION"],"dimension":"RECOGNITION","format":"TRUE_FALSE","context":"GENERIC","tested_point":"NO_DEP_INTANGIBLE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-no-dep"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"Ceasing depreciation on classification as for sale applies only to property, plant and equipment, not to intangible assets.","es":""},"explanation":{"fr":"","en":"Rule to remember: neither tangible nor intangible assets are depreciated after classification (IFRS 5, para. 25).","es":""},"common_error":{"fr":"","en":"Believing that the stop concerns tangible assets only.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000052","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NO_DEPRECIATION"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"DEPRECIATION_AVOIDED","difficulty":"INTERMEDIATE","estimated_time_s":100,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"numeric-no-dep"},"references":["IFRS 5 §18","IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"Pelvane classifies a machine as for sale on 30 September N; annual charge €72,000; carrying amount at classification €540,000. Calculate the year N charge, the avoided fourth-quarter charge and the carrying amount at 31 December N (no impairment).","es":""},"explanation":{"fr":"","en":"72,000 × 9/12 = 54,000; 72,000 × 3/12 = 18,000; the amount stays 540,000. Rule to remember: depreciation stops at the classification date (IFRS 5, para. 25).","es":""},"common_error":{"fr":"","en":"Recognising the full annual charge (€72,000).","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Annual charge","es":""},"value":"72000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount at classification","es":""},"value":"540000","unit":"EUR"}],"steps":[{"id":"dep","label":{"fr":"","en":"Year N charge","es":""},"answer":54000,"tolerance":0,"unit":"EUR"},{"id":"avoid","label":{"fr":"","en":"Avoided fourth-quarter charge","es":""},"answer":18000,"tolerance":0,"unit":"EUR"},{"id":"ca","label":{"fr":"","en":"Carrying amount at 31 December N","es":""},"answer":540000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"dep","meaning":{"fr":"","en":"Year N charge","es":""},"expression":"a * 9 / 12","variables":[{"symbol":"a","meaning":{"fr":"","en":"Annual charge","es":""},"value":72000,"unit":"EUR"}],"result":54000,"unit":"EUR"},{"step":"avoid","meaning":{"fr":"","en":"Avoided fourth-quarter charge","es":""},"expression":"a * 3 / 12","variables":[{"symbol":"a","meaning":{"fr":"","en":"Annual charge","es":""},"value":72000,"unit":"EUR"}],"result":18000,"unit":"EUR"}],"rationale":{"fr":"","en":"depreciation stops at the classification date (IFRS 5, para. 25).","es":""},"references":["REF.IFRS5.25"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000053","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NO_DEPRECIATION"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"LAST_DEPRECIATION_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"entry-no-dep"},"references":["IFRS 5 §18","IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"Pelvane classifies its machine as for sale on 30 September N (annual charge €84,000). Record the year N depreciation entry.","es":""},"explanation":{"fr":"","en":"Debit expense 63,000; credit accumulated depreciation 63,000 (nine months). Rule to remember: the charge is recognised up to the classification date, then depreciation stops (IFRS 5, paras. 18 and 25).","es":""},"common_error":{"fr":"","en":"Recording twelve months' charge (€84,000).","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"exp","text":{"fr":"","en":"Depreciation expense","es":""}},{"id":"acc","text":{"fr":"","en":"Accumulated depreciation","es":""}},{"id":"hfs","text":{"fr":"","en":"Asset held for sale","es":""}}],"lines":[{"id":"l1","account":"exp","side":"DEBIT","amount":63000,"given":["account","side"]},{"id":"l2","account":"acc","side":"CREDIT","amount":63000,"given":["account","side"]}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000054","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LIABILITIES_EXPENSES_CONTINUE"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"INTEREST_CONTINUES","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-liabilities"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"A loan of €400,000 at 6% a year is attached to Vendale's group classified as for sale for a full quarter. Calculate the quarter's interest expense that the group continues to recognise.","es":""},"explanation":{"fr":"","en":"400,000 × 6% × 3/12 = 6,000; the expense continues. Case convention: a quarter = 3/12 of the year. Rule to remember: expenses on the group's liabilities continue to be recognised (IFRS 5, para. 25).","es":""},"common_error":{"fr":"","en":"Removing the interest expense during classification.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Loan","es":""},"value":"400000","unit":"EUR"},{"label":{"fr":"","en":"Annual rate","es":""},"value":"6","unit":"PERCENT"}],"steps":[{"id":"int","label":{"fr":"","en":"Interest for the quarter","es":""},"answer":6000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"int","meaning":{"fr":"","en":"Interest for the quarter","es":""},"expression":"a * b * 3 / 12","variables":[{"symbol":"a","meaning":{"fr":"","en":"Loan","es":""},"value":400000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Annual rate","es":""},"value":6,"unit":"PERCENT"}],"result":6000,"unit":"EUR"}],"rationale":{"fr":"","en":"expenses on the group's liabilities continue to be recognised (IFRS 5, para. 25).","es":""},"references":["REF.IFRS5.25"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000055","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GAINS_LOSSES_ON_DISPOSAL"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"DISPOSAL_GAIN_LOSS","difficulty":"INTERMEDIATE","estimated_time_s":100,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-disposal"},"references":["IFRS 5 §24"],"exercise":{"prompt":{"fr":"","en":"Two disposals of assets classified as held for sale, each with a carrying amount of €360,000: (1) price €395,000 and costs to sell €15,000; (2) price €350,000 and costs €12,000. Calculate the net proceeds and the gain or loss on each disposal (loss as a negative).","es":""},"explanation":{"fr":"","en":"(1) 395,000 − 15,000 = 380,000; gain 20,000. (2) 350,000 − 12,000 = 338,000; loss 22,000. Approach: gain or loss = net proceeds − carrying amount. Rule to remember: a gain or loss not yet recognised is recognised on derecognition (IFRS 5, para. 24).","es":""},"common_error":{"fr":"","en":"Computing the difference on the gross price.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Carrying amount","es":""},"value":"360000","unit":"EUR"}],"steps":[{"id":"net1","label":{"fr":"","en":"Net proceeds (1)","es":""},"answer":380000,"tolerance":0,"unit":"EUR"},{"id":"g1","label":{"fr":"","en":"Gain (1)","es":""},"answer":20000,"tolerance":0,"unit":"EUR"},{"id":"net2","label":{"fr":"","en":"Net proceeds (2)","es":""},"answer":338000,"tolerance":0,"unit":"EUR"},{"id":"g2","label":{"fr":"","en":"Gain or loss (2)","es":""},"answer":-22000,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000056","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GAINS_LOSSES_ON_DISPOSAL"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"DISPOSAL_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"entry-disposal"},"references":["IFRS 5 §24"],"exercise":{"prompt":{"fr":"","en":"Vendale sells the asset held for sale (carrying amount €372,000) for €410,000; costs to sell €14,000, deducted from the settlement received. Record the disposal entry.","es":""},"explanation":{"fr":"","en":"Debit cash 396,000; credit asset 372,000 and gain 24,000. Approach: gain or loss = net proceeds − carrying amount. Rule to remember: a gain or loss not yet recognised is recognised on derecognition (IFRS 5, para. 24).","es":""},"common_error":{"fr":"","en":"Recording a gain of €38,000 ignoring costs to sell.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"cash","text":{"fr":"","en":"Cash (net proceeds)","es":""}},{"id":"hfs","text":{"fr":"","en":"Asset held for sale","es":""}},{"id":"gain","text":{"fr":"","en":"Gain on disposal","es":""}},{"id":"loss","text":{"fr":"","en":"Loss on disposal","es":""}}],"lines":[{"id":"l1","account":"cash","side":"DEBIT","amount":396000,"given":["account","side"]},{"id":"l2","account":"hfs","side":"CREDIT","amount":372000,"given":["account","side"]},{"id":"l3","account":"gain","side":"CREDIT","amount":24000,"given":["account","side"]}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000057","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NO_DEPRECIATION","IFRS5.MEASUREMENT.LIABILITIES_EXPENSES_CONTINUE","IFRS5.MEASUREMENT.GAINS_LOSSES_ON_DISPOSAL"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"AFTER_CLASSIFICATION_ERRORS","difficulty":"ADVANCED","estimated_time_s":110,"lesson_id":"LS.IFRS5.000006","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"pitfalls"},"references":["IFRS 5 §24","IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: no more depreciation, liability expenses maintained, gain on disposal on net proceeds (IFRS 5, paras. 24 and 25).","es":""},"common_error":{"fr":"","en":"Applying the stop to the interest expense instead of depreciation.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"A patent classified within a disposal group continues to be amortised until the sale.","es":""},"erroneous":true,"correction":{"fr":"","en":"Intangible assets are no longer amortised after classification (IFRS 5, para. 25).","es":""}},{"id":"e2","text":{"fr":"","en":"Interest on the loan attached to the group is suspended during classification.","es":""},"erroneous":true,"correction":{"fr":"","en":"Interest and other expenses on the group's liabilities continue to be recognised (IFRS 5, para. 25).","es":""}},{"id":"e3","text":{"fr":"","en":"The gain on disposal not yet recognised is recognised on derecognition, based on net sale proceeds.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000058","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"ALLOCATION_PRINCIPLE","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-allocation"},"references":["IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"The loss of a disposal group in principle reduces:","es":""},"explanation":{"fr":"","en":"Rule to remember: a group's loss reduces, pro rata, the non-current assets within the measurement scope (IFRS 5, para. 23).","es":""},"common_error":{"fr":"","en":"Spreading the loss over all items of the group.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"the group's liabilities","es":""},"correct":false,"feedback":{"fr":"","en":"Liabilities are not reduced by the allocation of the loss (IFRS 5, para. 23).","es":""}},{"id":"B","text":{"fr":"","en":"the group's financial assets","es":""},"correct":false,"feedback":{"fr":"","en":"Financial assets are excluded from IFRS 5 measurement and do not bear the loss (IFRS 5, para. 23).","es":""}},{"id":"C","text":{"fr":"","en":"the non-current assets within the measurement scope, pro rata to their carrying amounts","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"an asset chosen by management among the group's non-current assets","es":""},"correct":false,"feedback":{"fr":"","en":"Allocation follows the IAS 36 order and pro rata, not a free choice (IFRS 5, para. 23).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000059","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"ALLOCATION_CALC","difficulty":"INTERMEDIATE","estimated_time_s":130,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"numeric-alloc"},"references":["IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"Vendale's group includes machines (€540,000), patents (€180,000), inventories (€130,000), financial assets (€40,000) and liabilities (€250,000). The group's fair value less costs to sell is €560,000. Calculate the group's net amount, the loss and its allocation to machines and patents (no goodwill).","es":""},"explanation":{"fr":"","en":"540,000 + 180,000 + 130,000 + 40,000 − 250,000 = 640,000; loss 80,000; machines 80,000 × 540/720 = 60,000; patents 20,000. Rule to remember: the loss reduces, pro rata, the non-current assets within the measurement scope (IFRS 5, para. 23).","es":""},"common_error":{"fr":"","en":"Allocating the loss to inventories and financial assets.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Machines","es":""},"value":"540000","unit":"EUR"},{"label":{"fr":"","en":"Patents","es":""},"value":"180000","unit":"EUR"},{"label":{"fr":"","en":"Inventories","es":""},"value":"130000","unit":"EUR"},{"label":{"fr":"","en":"Financial assets","es":""},"value":"40000","unit":"EUR"},{"label":{"fr":"","en":"Liabilities","es":""},"value":"250000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs","es":""},"value":"560000","unit":"EUR"}],"steps":[{"id":"net","label":{"fr":"","en":"Net amount of the group","es":""},"answer":640000,"tolerance":0,"unit":"EUR"},{"id":"loss","label":{"fr":"","en":"Group loss","es":""},"answer":80000,"tolerance":0,"unit":"EUR"},{"id":"ppe","label":{"fr":"","en":"Machines' share","es":""},"answer":60000,"tolerance":0,"unit":"EUR"},{"id":"int","label":{"fr":"","en":"Patents' share","es":""},"answer":20000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"net","meaning":{"fr":"","en":"Net amount of the group","es":""},"expression":"a + b + c + d - e","variables":[{"symbol":"a","meaning":{"fr":"","en":"Machines","es":""},"value":540000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Patents","es":""},"value":180000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Inventories","es":""},"value":130000,"unit":"EUR"},{"symbol":"d","meaning":{"fr":"","en":"Financial assets","es":""},"value":40000,"unit":"EUR"},{"symbol":"e","meaning":{"fr":"","en":"Liabilities","es":""},"value":250000,"unit":"EUR"}],"result":640000,"unit":"EUR"}],"rationale":{"fr":"","en":"the loss reduces, pro rata, the non-current assets within the measurement scope (IFRS 5, para. 23).","es":""},"references":["REF.IFRS5.23"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000060","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"ALLOCATION_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":110,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"entry-alloc"},"references":["IFRS 5 §20","IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"Vendale records the group's €72,000 loss, allocated between machines (€54,000) and patents (€18,000). Record the entry.","es":""},"explanation":{"fr":"","en":"Debit loss 72,000; credit machines 54,000 and patents 18,000; inventories are not touched. Rule to remember: the group's loss reduces the non-current assets within scope, pro rata (IFRS 5, para. 23).","es":""},"common_error":{"fr":"","en":"Crediting inventories for part of the loss.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"loss","text":{"fr":"","en":"Impairment loss (profit or loss)","es":""}},{"id":"ppe","text":{"fr":"","en":"Machines (asset held for sale)","es":""}},{"id":"int","text":{"fr":"","en":"Patents (asset held for sale)","es":""}},{"id":"inv","text":{"fr":"","en":"Inventories","es":""}}],"lines":[{"id":"l1","account":"loss","side":"DEBIT","amount":72000,"given":["account","side"]},{"id":"l2","account":"ppe","side":"CREDIT","amount":54000,"given":["account","side"]},{"id":"l3","account":"int","side":"CREDIT","amount":18000,"given":["account","side"]}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000061","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"ALLOCATION_CLASSIFY","difficulty":"INTERMEDIATE","estimated_time_s":85,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"numeric-alloc"},"references":["IFRS 5 §4","IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"Classify each item of the group: does it bear a share of the group's loss?","es":""},"explanation":{"fr":"","en":"Rule to remember: only the non-current assets within the measurement scope bear the loss (IFRS 5, para. 23).","es":""},"common_error":{"fr":"","en":"Making every item of the group bear the loss.","es":""},"format":"CLASSIFICATION","categories":[{"id":"bear","text":{"fr":"","en":"Bears a share of the loss","es":""}},{"id":"no","text":{"fr":"","en":"Bears no share","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"Machines","es":""},"category":"bear"},{"id":"i2","text":{"fr":"","en":"Patents","es":""},"category":"bear"},{"id":"i3","text":{"fr":"","en":"Inventories (other standard)","es":""},"category":"no"},{"id":"i4","text":{"fr":"","en":"IFRS 9 financial assets","es":""},"category":"no"},{"id":"i5","text":{"fr":"","en":"Loan attached to the group","es":""},"category":"no"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000062","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.HELD_FOR_DISTRIBUTION"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"DISTRIBUTION_LOWER_OF","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-distribution"},"references":["IFRS 5 §15A"],"exercise":{"prompt":{"fr":"","en":"Vendale has committed to distribute a plot of land to its shareholders: carrying amount €420,000, fair value €390,000, costs to distribute €9,000. Calculate fair value less costs to distribute and the loss.","es":""},"explanation":{"fr":"","en":"390,000 − 9,000 = 381,000; 420,000 − 381,000 = 39,000. Rule to remember: for distribution, the lower of carrying amount and fair value less costs to distribute is retained (IFRS 5, para. 15A).","es":""},"common_error":{"fr":"","en":"Using gross fair value (€390,000) without deducting the costs.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Carrying amount","es":""},"value":"420000","unit":"EUR"},{"label":{"fr":"","en":"Fair value","es":""},"value":"390000","unit":"EUR"},{"label":{"fr":"","en":"Costs to distribute","es":""},"value":"9000","unit":"EUR"}],"steps":[{"id":"fvl","label":{"fr":"","en":"Fair value less costs to distribute","es":""},"answer":381000,"tolerance":0,"unit":"EUR"},{"id":"loss","label":{"fr":"","en":"Loss","es":""},"answer":39000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"fvl","meaning":{"fr":"","en":"Fair value less costs to distribute","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value","es":""},"value":390000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Costs to distribute","es":""},"value":9000,"unit":"EUR"}],"result":381000,"unit":"EUR"},{"step":"loss","meaning":{"fr":"","en":"Loss","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount","es":""},"value":420000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Fair value less costs to distribute","es":""},"value":381000,"unit":"EUR"}],"result":39000,"unit":"EUR"}],"rationale":{"fr":"","en":"for distribution, the lower of carrying amount and fair value less costs to distribute is retained (IFRS 5, para. 15A).","es":""},"references":["REF.IFRS5.15A"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000063","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GROUP_REMEASUREMENT","IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"REMEASURE_THEN_ALLOCATE","difficulty":"ADVANCED","estimated_time_s":150,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-remeasure"},"references":["IFRS 5 §19","IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"Same Vendale group, but the inventories, carried at €130,000, have a net realisable value of €120,000. The other data are unchanged (machines €540,000, patents €180,000, financial assets €40,000, liabilities €250,000, group fair value less costs €560,000). Calculate the inventory write-down, the group loss and the share of machines and patents.","es":""},"explanation":{"fr":"","en":"Inventories: 130,000 − 120,000 = 10,000 first; net amount 630,000; loss 630,000 − 560,000 = 70,000; machines 52,500, patents 17,500. Rule to remember: remeasure the items outside the scope first, then allocate the group's loss (IFRS 5, paras. 19 and 23).","es":""},"common_error":{"fr":"","en":"Allocating €80,000 to machines and patents without remeasuring the inventories first.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Inventories carried","es":""},"value":"130000","unit":"EUR"},{"label":{"fr":"","en":"Net realisable value","es":""},"value":"120000","unit":"EUR"},{"label":{"fr":"","en":"Group fair value less costs","es":""},"value":"560000","unit":"EUR"}],"steps":[{"id":"wd","label":{"fr":"","en":"Inventory write-down","es":""},"answer":10000,"tolerance":0,"unit":"EUR"},{"id":"loss","label":{"fr":"","en":"Group loss","es":""},"answer":70000,"tolerance":0,"unit":"EUR"},{"id":"ppe","label":{"fr":"","en":"Machines' share","es":""},"answer":52500,"tolerance":0,"unit":"EUR"},{"id":"int","label":{"fr":"","en":"Patents' share","es":""},"answer":17500,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"wd","meaning":{"fr":"","en":"Inventory write-down","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Inventories carried","es":""},"value":130000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Net realisable value","es":""},"value":120000,"unit":"EUR"}],"result":10000,"unit":"EUR"}],"rationale":{"fr":"","en":"remeasure the items outside the scope first, then allocate the group's loss (IFRS 5, paras. 19 and 23).","es":""},"references":["REF.IFRS5.19","REF.IFRS5.23"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000064","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GROUP_REMEASUREMENT"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"GROUP_STEPS_ORDER","difficulty":"ADVANCED","estimated_time_s":90,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-remeasure"},"references":["IFRS 5 §19","IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"Put the measurement approach for a disposal group in order.","es":""},"explanation":{"fr":"","en":"Approach: this sequence is a proposed approach based on the prior remeasurement (IFRS 5, para. 19) and the allocation of the loss (IFRS 5, para. 23). Rule to remember: items outside the scope are remeasured before the group test.","es":""},"common_error":{"fr":"","en":"Allocating the loss before remeasuring the items outside the scope.","es":""},"format":"ORDERING","steps":[{"id":"s1","text":{"fr":"","en":"Remeasure the items outside the measurement scope under their own standard","es":""}},{"id":"s2","text":{"fr":"","en":"Compute the net carrying amount of the group","es":""}},{"id":"s3","text":{"fr":"","en":"Compare with the group's fair value less costs to sell","es":""}},{"id":"s4","text":{"fr":"","en":"Allocate the loss to the non-current assets within the measurement scope","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000065","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GROUP_REMEASUREMENT","IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"GOODWILL_FIRST_ALLOCATION","difficulty":"EXPERT","estimated_time_s":190,"lesson_id":"LS.IFRS5.000007","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-goodwill"},"references":["IFRS 5 §19","IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"A Calvane group includes goodwill (€100,000), machines (€500,000), patents (€100,000), inventories (€120,000), receivables (€80,000) and liabilities (€250,000); inventories and receivables are already up to date. The group's fair value less costs to sell is €520,000. Calculate the group loss, the goodwill share, then the share of machines and of patents (remainder pro rata).","es":""},"explanation":{"fr":"","en":"Net amount 650,000; loss 130,000; goodwill 100,000 first; remainder 30,000: machines 30,000 × 500/600 = 25,000, patents 5,000. Rule to remember: goodwill first, then pro rata; liabilities and excluded assets not reduced (IFRS 5, para. 23). Impact: loss of 130,000 in profit or loss; note disclosure of the group's losses.","es":""},"common_error":{"fr":"","en":"Allocating the loss pro rata to all assets, goodwill included.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Goodwill","es":""},"value":"100000","unit":"EUR"},{"label":{"fr":"","en":"Machines","es":""},"value":"500000","unit":"EUR"},{"label":{"fr":"","en":"Patents","es":""},"value":"100000","unit":"EUR"},{"label":{"fr":"","en":"Inventories","es":""},"value":"120000","unit":"EUR"},{"label":{"fr":"","en":"Receivables","es":""},"value":"80000","unit":"EUR"},{"label":{"fr":"","en":"Liabilities","es":""},"value":"250000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs","es":""},"value":"520000","unit":"EUR"}],"steps":[{"id":"loss","label":{"fr":"","en":"Group loss","es":""},"answer":130000,"tolerance":0,"unit":"EUR"},{"id":"gw","label":{"fr":"","en":"Goodwill share","es":""},"answer":100000,"tolerance":0,"unit":"EUR"},{"id":"ppe","label":{"fr":"","en":"Machines' share","es":""},"answer":25000,"tolerance":0,"unit":"EUR"},{"id":"int","label":{"fr":"","en":"Patents' share","es":""},"answer":5000,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000066","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.CEASE_CLASSIFICATION"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"CEASE_RULE","difficulty":"BEGINNER","estimated_time_s":40,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-cease"},"references":["IFRS 5 §26"],"exercise":{"prompt":{"fr":"","en":"Management may keep an asset classified as held for sale when the criteria are no longer met, to avoid resuming depreciation.","es":""},"explanation":{"fr":"","en":"Rule to remember: leaving the classification is the consequence of criteria no longer being met (IFRS 5, para. 26).","es":""},"common_error":{"fr":"","en":"Believing that classification is final once decided.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000067","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.CEASE_CLASSIFICATION"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"CEASE_TRIGGER","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-cease"},"references":["IFRS 5 §26"],"exercise":{"prompt":{"fr":"","en":"The buyer of a workshop classified as for sale withdraws and management gives up selling. What happens to the classification?","es":""},"explanation":{"fr":"","en":"Rule to remember: the buyer's withdrawal and the dropping of the plan end the classification (IFRS 5, para. 26).","es":""},"common_error":{"fr":"","en":"Maintaining the classification after the plan is dropped.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The workshop stays classified until the next reporting date, while the situation is reviewed","es":""},"correct":false,"feedback":{"fr":"","en":"As soon as the criteria are no longer met, the asset ceases to be classified (IFRS 5, para. 26).","es":""}},{"id":"B","text":{"fr":"","en":"The workshop becomes an abandoned asset","es":""},"correct":false,"feedback":{"fr":"","en":"Giving up the sale does not mean abandoning the workshop: it returns to use (IFRS 5, para. 26).","es":""}},{"id":"C","text":{"fr":"","en":"The workshop ceases to be classified as held for sale","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The workshop is sold at fair value less costs","es":""},"correct":false,"feedback":{"fr":"","en":"No sale takes place: classification ceases for lack of criteria met (IFRS 5, para. 26).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000068","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"MEASURE_ON_CEASING","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"numeric-measure"},"references":["IFRS 5 §27"],"exercise":{"prompt":{"fr":"","en":"Calvane: equipment with a cost of €1,200,000, accumulated depreciation €300,000 at classification, annual charge €120,000. Classification lasted one year; fair value less costs on classification was €700,000. The recoverable amount at the date of the decision not to sell is €800,000. Calculate the adjusted carrying amount, the measurement on leaving and the adjustment.","es":""},"explanation":{"fr":"","en":"1,200,000 − 300,000 − 120,000 = 780,000; the lower of 780,000 and 800,000 is 780,000; adjustment 780,000 − 700,000 = 80,000. Rule to remember: the adjusted carrying amount is compared with the recoverable amount (IFRS 5, para. 27).","es":""},"common_error":{"fr":"","en":"Taking the recoverable amount (€800,000) without applying the lower.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Cost","es":""},"value":"1200000","unit":"EUR"},{"label":{"fr":"","en":"Accumulated depreciation at classification","es":""},"value":"300000","unit":"EUR"},{"label":{"fr":"","en":"Annual charge","es":""},"value":"120000","unit":"EUR"},{"label":{"fr":"","en":"Amount during classification","es":""},"value":"700000","unit":"EUR"},{"label":{"fr":"","en":"Recoverable amount","es":""},"value":"800000","unit":"EUR"}],"steps":[{"id":"adj","label":{"fr":"","en":"Adjusted carrying amount","es":""},"answer":780000,"tolerance":0,"unit":"EUR"},{"id":"meas","label":{"fr":"","en":"Measurement on leaving","es":""},"answer":780000,"tolerance":0,"unit":"EUR"},{"id":"gain","label":{"fr":"","en":"Adjustment","es":""},"answer":80000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"adj","meaning":{"fr":"","en":"Adjusted carrying amount","es":""},"expression":"a - b - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Cost","es":""},"value":1200000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Accumulated depreciation at classification","es":""},"value":300000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Annual charge","es":""},"value":120000,"unit":"EUR"}],"result":780000,"unit":"EUR"},{"step":"gain","meaning":{"fr":"","en":"Adjustment","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Measurement on leaving","es":""},"value":780000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Amount during classification","es":""},"value":700000,"unit":"EUR"}],"result":80000,"unit":"EUR"}],"rationale":{"fr":"","en":"the adjusted carrying amount is compared with the recoverable amount (IFRS 5, para. 27).","es":""},"references":["REF.IFRS5.27"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000069","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING","IFRS5.CHANGES.RESULT_ADJUSTMENT"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"MEASURE_ON_CEASING_LOWER_RECOVERABLE","difficulty":"INTERMEDIATE","estimated_time_s":110,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"numeric-measure"},"references":["IFRS 5 §27","IFRS 5 §28"],"exercise":{"prompt":{"fr":"","en":"Same Calvane equipment (adjusted carrying amount €780,000, amount during classification €700,000), but the recoverable amount at the date of the decision is only €760,000. Calculate the measurement on leaving and the adjustment.","es":""},"explanation":{"fr":"","en":"The lower of 780,000 and 760,000 is 760,000; adjustment 760,000 − 700,000 = 60,000. Rule to remember: the lower of the two amounts is retained and the adjustment goes to profit from continuing operations (IFRS 5, paras. 27 and 28).","es":""},"common_error":{"fr":"","en":"Keeping €780,000 although the recoverable amount is lower.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Adjusted carrying amount","es":""},"value":"780000","unit":"EUR"},{"label":{"fr":"","en":"Recoverable amount","es":""},"value":"760000","unit":"EUR"},{"label":{"fr":"","en":"Amount during classification","es":""},"value":"700000","unit":"EUR"}],"steps":[{"id":"meas","label":{"fr":"","en":"Measurement on leaving","es":""},"answer":760000,"tolerance":0,"unit":"EUR"},{"id":"adj","label":{"fr":"","en":"Adjustment in profit from continuing operations","es":""},"answer":60000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"adj","meaning":{"fr":"","en":"Adjustment in profit from continuing operations","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Recoverable amount","es":""},"value":760000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Amount during classification","es":""},"value":700000,"unit":"EUR"}],"result":60000,"unit":"EUR"}],"rationale":{"fr":"","en":"the lower of the two amounts is retained and the adjustment goes to profit from continuing operations (IFRS 5, paras. 27 and 28).","es":""},"references":["REF.IFRS5.27","REF.IFRS5.28"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000070","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING","IFRS5.CHANGES.RESULT_ADJUSTMENT"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"CEASE_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":110,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"entry-cease"},"references":["IFRS 5 §27","IFRS 5 §28"],"exercise":{"prompt":{"fr":"","en":"Calvane gives up selling the equipment: measurement on leaving €780,000, amount as asset held for sale €700,000. Record the entry on leaving.","es":""},"explanation":{"fr":"","en":"Debit fixed asset 780,000; credit asset held for sale 700,000; credit adjustment 80,000 in profit from continuing operations. Rule to remember: the adjustment on leaving goes to profit from continuing operations (IFRS 5, paras. 27 and 28).","es":""},"common_error":{"fr":"","en":"Crediting equity instead of profit or loss.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"ppe","text":{"fr":"","en":"Property, plant and equipment","es":""}},{"id":"hfs","text":{"fr":"","en":"Asset held for sale","es":""}},{"id":"adj","text":{"fr":"","en":"Adjustment (profit from continuing operations)","es":""}},{"id":"eq","text":{"fr":"","en":"Equity","es":""}}],"lines":[{"id":"l1","account":"ppe","side":"DEBIT","amount":780000,"given":["account","side"]},{"id":"l2","account":"hfs","side":"CREDIT","amount":700000,"given":["account","side"]},{"id":"l3","account":"adj","side":"CREDIT","amount":80000,"given":["account"]}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000071","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING","IFRS5.CHANGES.CEASE_CLASSIFICATION"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"CEASING_STEPS","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-measure"},"references":["IFRS 5 §26","IFRS 5 §27"],"exercise":{"prompt":{"fr":"","en":"Put the steps of leaving the classification in order.","es":""},"explanation":{"fr":"","en":"Approach: this order is a proposed approach that follows paragraphs 26, 27 and 28 (IFRS 5, paras. 26 and 27). Rule to remember: adjust first, then compare with the recoverable amount.","es":""},"common_error":{"fr":"","en":"Comparing with the recoverable amount before adjusting the carrying amount.","es":""},"format":"ORDERING","steps":[{"id":"s1","text":{"fr":"","en":"Find that the classification criteria are no longer met","es":""}},{"id":"s2","text":{"fr":"","en":"Compute the carrying amount before classification adjusted for depreciation not recognised","es":""}},{"id":"s3","text":{"fr":"","en":"Determine the recoverable amount at the date of the decision","es":""}},{"id":"s4","text":{"fr":"","en":"Retain the lower and present the adjustment in profit from continuing operations","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000072","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING","IFRS5.CHANGES.RESULT_ADJUSTMENT","IFRS5.CHANGES.CEASE_CLASSIFICATION"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"CEASING_ERRORS","difficulty":"ADVANCED","estimated_time_s":110,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"pitfalls"},"references":["IFRS 5 §26","IFRS 5 §27","IFRS 5 §28"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: adjusted carrying amount, lower of the two amounts, adjustment in profit from continuing operations (IFRS 5, paras. 27 and 28).","es":""},"common_error":{"fr":"","en":"Retaining the higher or ignoring the depreciation not recognised.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"On leaving the classification, the asset recovers its carrying amount from before classification without adjustment for depreciation.","es":""},"erroneous":true,"correction":{"fr":"","en":"The carrying amount before classification is adjusted for depreciation not recognised (IFRS 5, para. 27).","es":""}},{"id":"e2","text":{"fr":"","en":"Measurement on leaving retains the higher of the adjusted carrying amount and the recoverable amount.","es":""},"erroneous":true,"correction":{"fr":"","en":"It is the lower of the two amounts that is retained (IFRS 5, para. 27).","es":""}},{"id":"e3","text":{"fr":"","en":"The adjustment on leaving is presented in profit from continuing operations.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000073","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.DIRECT_RECLASSIFICATION"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"DIRECT_CHANGE","difficulty":"ADVANCED","estimated_time_s":80,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-direct"},"references":["IFRS 5 §26A"],"exercise":{"prompt":{"fr":"","en":"A group classified as held for sale is now to be distributed to owners (direct change in the way of disposal). What can be said about classification?","es":""},"explanation":{"fr":"","en":"Rule to remember: a direct change between sale and distribution does not take the asset out of the classification (IFRS 5, para. 26A).","es":""},"common_error":{"fr":"","en":"Applying the exit rules to a mere change in the way of disposal.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Classification continues, with no exit from classification","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The group leaves the classification and follows the exit rules of paragraphs 27 and 28","es":""},"correct":false,"feedback":{"fr":"","en":"A direct change in the way of disposal does not take the asset out of the classification (IFRS 5, para. 26A).","es":""}},{"id":"C","text":{"fr":"","en":"The group is immediately derecognised","es":""},"correct":false,"feedback":{"fr":"","en":"Derecognition occurs on actual disposal, not on the change of mode (IFRS 5, para. 26A).","es":""}},{"id":"D","text":{"fr":"","en":"The group becomes a depreciated fixed asset again from the decision","es":""},"correct":false,"feedback":{"fr":"","en":"The group stays classified; it does not return to use (IFRS 5, para. 26A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000074","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.DISCLOSURE","IFRS5.CHANGES.RESULT_ADJUSTMENT"],"dimension":"DOCUMENTATION","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"CHANGE_OF_PLAN_NOTE","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000008","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-disclosure"},"references":["IFRS 5 §28","IFRS 5 §42"],"exercise":{"prompt":{"fr":"","en":"Which information accompanies the change in the sale plan of an item of equipment? (Several answers.)","es":""},"explanation":{"fr":"","en":"Professional judgement: the disclosure ties the facts to the adjustment presented in profit from continuing operations (IFRS 5, para. 28). Rule to remember: a change of plan gives rise to disclosure of the facts and of the effect on profit or loss (IFRS 5, para. 42).","es":""},"common_error":{"fr":"","en":"Settling for the adjustment alone without explaining the facts.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The amount of dividends paid to shareholders","es":""},"correct":false,"feedback":{"fr":"","en":"Dividends have no link with the disclosure on the change of plan.","es":""}},{"id":"B","text":{"fr":"","en":"The detail of prices offered to each potential buyer","es":""},"correct":false,"feedback":{"fr":"","en":"The standard asks for the facts and the effect on profit or loss, not a confidential list of offers.","es":""}},{"id":"C","text":{"fr":"","en":"The facts and circumstances of the decision no longer to sell","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The effect of the change on profit or loss of the periods concerned","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000075","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.COMPONENT"],"dimension":"RULE_KNOWLEDGE","format":"FILL_BLANK","context":"GENERIC","tested_point":"COMPONENT_DEF","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000009","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-component"},"references":["IFRS 5 §31"],"exercise":{"prompt":{"fr":"","en":"Complete the sentence.","es":""},"explanation":{"fr":"","en":"Rule to remember: a component is clearly distinguishable operationally and for financial reporting (IFRS 5, para. 31).","es":""},"common_error":{"fr":"","en":"Requiring legal separation.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"A component of an entity has activities and cash flows {{b1}} from the rest of the entity, operationally and for {{b2}}.","es":""},"blanks":[{"id":"b1","mode":"CHOICE","choices":[{"id":"a","text":{"fr":"","en":"strictly identical","es":""}},{"id":"b","text":{"fr":"","en":"clearly distinguishable","es":""}},{"id":"c","text":{"fr":"","en":"legally separated","es":""}}],"answer":"b"},{"id":"b2","mode":"CHOICE","choices":[{"id":"a","text":{"fr":"","en":"taxation","es":""}},{"id":"b","text":{"fr":"","en":"payroll","es":""}},{"id":"c","text":{"fr":"","en":"financial reporting","es":""}}],"answer":"c"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000076","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.DEFINITION"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"DEFINITION_CONDITION","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000009","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-definition"},"references":["IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"What condition must a component meet, in addition to a feature of the definition, to be a discontinued operation?","es":""},"explanation":{"fr":"","en":"Rule to remember: the component must have been disposed of or classified as held for sale (IFRS 5, para. 32).","es":""},"common_error":{"fr":"","en":"Looking for a numeric threshold or an operating loss.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Having recorded a loss for the year","es":""},"correct":false,"feedback":{"fr":"","en":"A negative result does not by itself qualify an activity as discontinued (IFRS 5, para. 32).","es":""}},{"id":"B","text":{"fr":"","en":"Being located abroad","es":""},"correct":false,"feedback":{"fr":"","en":"Location is not a condition; a region counts only if it is major and separate (IFRS 5, para. 32).","es":""}},{"id":"C","text":{"fr":"","en":"Employing more than half of the group's employees","es":""},"correct":false,"feedback":{"fr":"","en":"The standard sets no headcount or size threshold (IFRS 5, para. 32).","es":""}},{"id":"D","text":{"fr":"","en":"Having been disposed of or classified as held for sale","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000077","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.DEFINITION","IFRS5.DISCONTINUED.COMPONENT"],"dimension":"APPLICATION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"SITUATIONS_CLASSIFY","difficulty":"INTERMEDIATE","estimated_time_s":95,"lesson_id":"LS.IFRS5.000009","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"example"},"references":["IFRS 5 §31","IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"Mervane: classify each situation (case facts).","es":""},"explanation":{"fr":"","en":"Approach: we check the component, the disposal or classification as for sale, then a feature of the definition (IFRS 5, paras. 31 and 32). Rule to remember: discontinued operation = component disposed of or classified as for sale with a feature of the definition.","es":""},"common_error":{"fr":"","en":"Retaining loss-making activities with no disposal decided.","es":""},"format":"CLASSIFICATION","categories":[{"id":"yes","text":{"fr":"","en":"Discontinued operation","es":""}},{"id":"no","text":{"fr":"","en":"Not (yet) a discontinued operation","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"The Transport division (own customers, management and accounts) is classified as held for sale","es":""},"category":"yes"},{"id":"i2","text":{"fr":"","en":"A shop in a network, with no management or accounts of its own, is sold","es":""},"category":"no"},{"id":"i3","text":{"fr":"","en":"Three subsidiaries in a region are sold under a single coordinated plan to dispose of that region","es":""},"category":"yes"},{"id":"i4","text":{"fr":"","en":"The Logistics division loses money but no disposal is decided","es":""},"category":"no"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000078","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.DEFINITION"],"dimension":"RULE_KNOWLEDGE","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"DEFINITION_FEATURES","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IFRS5.000009","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-definition"},"references":["IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"Which of these features can make a component that is disposed of or classified as for sale a discontinued operation? (Several answers.)","es":""},"explanation":{"fr":"","en":"A separate major line of business or area, or a single coordinated plan, are features of the definition; budget and headcount are not (IFRS 5, para. 32). Rule to remember: discontinued operation = component disposed of or classified as for sale with a feature of the definition.","es":""},"common_error":{"fr":"","en":"Retaining performance or headcount criteria.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It is part of a single coordinated plan to dispose of such a line or area","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"It produced a result below budget","es":""},"correct":false,"feedback":{"fr":"","en":"A variance from budget is not a feature of the definition (IFRS 5, para. 32).","es":""}},{"id":"C","text":{"fr":"","en":"It employs fewer people than the other components","es":""},"correct":false,"feedback":{"fr":"","en":"No headcount threshold enters the definition (IFRS 5, para. 32).","es":""}},{"id":"D","text":{"fr":"","en":"It represents a separate major line of business","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000079","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SUBSIDIARY_RESALE"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"SUBSIDIARY_RESALE_CASE","difficulty":"ADVANCED","estimated_time_s":80,"lesson_id":"LS.IFRS5.000009","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-subsidiary"},"references":["IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"Orvane acquires the subsidiary Tarvane exclusively to resell it, and classifies it as for sale from acquisition. Tarvane is not a major line of business of Orvane. Does it fall within the definition of a discontinued operation?","es":""},"explanation":{"fr":"","en":"Rule to remember: a subsidiary acquired exclusively with a view to resale, classified as for sale, is a discontinued operation (IFRS 5, para. 32).","es":""},"common_error":{"fr":"","en":"Requiring a major line of business for this special case.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Yes: a subsidiary acquired exclusively to be resold and classified as for sale falls within the definition","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"No: to be discontinued, a component must represent a major line of business","es":""},"correct":false,"feedback":{"fr":"","en":"The definition provides a separate case for a subsidiary acquired for resale (IFRS 5, para. 32).","es":""}},{"id":"C","text":{"fr":"","en":"No: a subsidiary cannot be a component, because it has its own legal personality","es":""},"correct":false,"feedback":{"fr":"","en":"A subsidiary can be a component and fall within the definition in this case (IFRS 5, paras. 31 and 32).","es":""}},{"id":"D","text":{"fr":"","en":"Yes, but after a holding period of one year, before which the subsidiary is not covered","es":""},"correct":false,"feedback":{"fr":"","en":"The definition does not make this case depend on a holding period (IFRS 5, para. 32).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000080","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.DEFINITION","IFRS5.DISCONTINUED.COMPONENT"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"THRESHOLD_TRAPS","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000009","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"pitfalls"},"references":["IFRS 5 §31","IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: distinguishable component + disposal or classification as for sale + a feature of the definition, with no numeric threshold (IFRS 5, paras. 31 and 32).","es":""},"common_error":{"fr":"","en":"Replacing the judgement with a percentage.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"A component is a discontinued operation as soon as it exceeds a certain percentage of group revenue, set by the standard.","es":""},"erroneous":true,"correction":{"fr":"","en":"The standard sets no numeric threshold: \"major and separate\" is a judgement on the facts (IFRS 5, para. 32).","es":""}},{"id":"e2","text":{"fr":"","en":"A component must have activities and cash flows clearly distinguishable from the rest of the entity.","es":""},"erroneous":false},{"id":"e3","text":{"fr":"","en":"A loss-making activity becomes a discontinued operation even with no disposal plan.","es":""},"erroneous":true,"correction":{"fr":"","en":"A component disposed of or classified as held for sale is required (IFRS 5, para. 32).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000081","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.DEFINITION","IFRS5.DISCONTINUED.SUBSIDIARY_RESALE","IFRS5.DISCONTINUED.COMPONENT"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"DISCONTINUED_JUDGMENT_CASE","difficulty":"EXPERT","estimated_time_s":190,"lesson_id":"LS.IFRS5.000009","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"judgment"},"references":["IFRS 5 §31","IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"Conclude on three Orvane situations.","es":""},"explanation":{"fr":"","en":"Energy division: yes; integrated workshop: no; Tarvane: yes, separate case (IFRS 5, paras. 31 and 32). Rule to remember: no numeric rule is set by the standard.","es":""},"common_error":{"fr":"","en":"Applying a percentage threshold not provided for by the standard.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: Orvane decides to dispose of (a) its Energy division, which has its own markets, management and accounts, classified as held for sale; (b) a repair workshop integrated in a site, with no accounts of its own, sold with the site; (c) Tarvane, a subsidiary acquired this year exclusively for resale and classified as for sale on acquisition. The controller proposes applying a 10% revenue threshold to decide.","es":""},"parts":[{"prompt":{"fr":"","en":"Classify each situation.","es":""},"explanation":{"fr":"","en":"Rule to remember: a distinguishable component disposed of or classified as for sale with a feature of the definition is a discontinued operation; the subsidiary acquired for resale is a separate case (IFRS 5, paras. 31 and 32).","es":""},"common_error":{"fr":"","en":"Calling a workshop without separate accounts a discontinued operation: the component must be distinguishable.","es":""},"format":"CLASSIFICATION","categories":[{"id":"yes","text":{"fr":"","en":"Falls within the definition","es":""}},{"id":"no","text":{"fr":"","en":"Does not fall within the definition","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"(a) Energy division","es":""},"category":"yes"},{"id":"i2","text":{"fr":"","en":"(b) Integrated workshop, no accounts of its own","es":""},"category":"no"},{"id":"i3","text":{"fr":"","en":"(c) Tarvane, subsidiary acquired for resale","es":""},"category":"yes"}],"id":"p1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"What should be answered to the controller on the 10% threshold?","es":""},"explanation":{"fr":"","en":"Professional judgement: the file records the indicators retained and why the division is a separate major line of business (IFRS 5, para. 32). Rule to remember: \"major and separate\" is a judgement, not a percentage.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The 10% threshold is the IFRS 5 rule","es":""},"correct":false,"feedback":{"fr":"","en":"IFRS 5 sets no percentage; the judgement concerns the nature of the component (IFRS 5, para. 32).","es":""}},{"id":"B","text":{"fr":"","en":"The 10% threshold applies to subsidiaries, not to the group's other components","es":""},"correct":false,"feedback":{"fr":"","en":"No threshold exists, for subsidiaries as for other components (IFRS 5, para. 32).","es":""}},{"id":"C","text":{"fr":"","en":"The standard sets no threshold: we judge on the facts and document","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The threshold is assessed after disposal, not during the period of classification as for sale","es":""},"correct":false,"feedback":{"fr":"","en":"The definition also covers components classified as for sale before disposal; it contains no threshold (IFRS 5, para. 32).","es":""}}],"id":"p2","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000082","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SINGLE_AMOUNT"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"SINGLE_AMOUNT_RULE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-single"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"The income and expenses of discontinued operations are presented line by line in the income statement, together with those of continuing operations.","es":""},"explanation":{"fr":"","en":"Rule to remember: a single post-tax amount, analysed elsewhere (IFRS 5, para. 33).","es":""},"common_error":{"fr":"","en":"Splitting discontinued operations over several lines of the income statement.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000083","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SINGLE_AMOUNT","IFRS5.DISCONTINUED.COMPARATIVES"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"WHY_SEPARATE","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"understand"},"references":["IFRS 5 §33","IFRS 5 §34"],"exercise":{"prompt":{"fr":"","en":"What is the benefit of presenting discontinued operations on a separate line?","es":""},"explanation":{"fr":"","en":"Rule to remember: the separate line and the restated comparatives separate what continues from what stops (IFRS 5, paras. 33 and 34).","es":""},"common_error":{"fr":"","en":"Seeing the separate line as a way to hide a loss.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Avoiding the need to give an analysis of the single amount in the notes","es":""},"correct":false,"feedback":{"fr":"","en":"The single amount must be analysed, in the notes or in the income statement (IFRS 5, para. 33).","es":""}},{"id":"B","text":{"fr":"","en":"Separating what continues from what stops, for all periods presented","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Presenting the discontinued operation's result only once the disposal is complete","es":""},"correct":false,"feedback":{"fr":"","en":"The presentation also applies to a component classified as held for sale, before the actual disposal (IFRS 5, paras. 32 and 33).","es":""}},{"id":"D","text":{"fr":"","en":"Combining the discontinued operation's result with that of continuing operations on a single line","es":""},"correct":false,"feedback":{"fr":"","en":"The discontinued operation's result is presented separately, as a single amount (IFRS 5, para. 33).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000084","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SINGLE_AMOUNT"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"SINGLE_AMOUNT_CALC","difficulty":"INTERMEDIATE","estimated_time_s":100,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"numeric-single"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"Mervane: post-tax result of the Transport division €85,000; measurement loss to fair value less costs: €70,000 pre-tax, tax effect €14,000. Calculate the measurement loss after tax and the single amount.","es":""},"explanation":{"fr":"","en":"70,000 − 14,000 = 56,000; 85,000 − 56,000 = 29,000. Rule to remember: single amount = post-tax result of the operation + post-tax result on measurement or disposal (IFRS 5, para. 33).","es":""},"common_error":{"fr":"","en":"Deducting the pre-tax loss (€70,000) in the single amount.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Post-tax result of the operation","es":""},"value":"85000","unit":"EUR"},{"label":{"fr":"","en":"Pre-tax measurement loss","es":""},"value":"70000","unit":"EUR"},{"label":{"fr":"","en":"Tax effect","es":""},"value":"14000","unit":"EUR"}],"steps":[{"id":"wl","label":{"fr":"","en":"Post-tax measurement loss","es":""},"answer":56000,"tolerance":0,"unit":"EUR"},{"id":"single","label":{"fr":"","en":"Single amount","es":""},"answer":29000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"wl","meaning":{"fr":"","en":"Post-tax measurement loss","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Pre-tax measurement loss","es":""},"value":70000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Tax effect","es":""},"value":14000,"unit":"EUR"}],"result":56000,"unit":"EUR"},{"step":"single","meaning":{"fr":"","en":"Single amount","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Post-tax result of the operation","es":""},"value":85000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Post-tax measurement loss","es":""},"value":56000,"unit":"EUR"}],"result":29000,"unit":"EUR"}],"rationale":{"fr":"","en":"single amount = post-tax result of the operation + post-tax result on measurement or disposal (IFRS 5, para. 33).","es":""},"references":["REF.IFRS5.33"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000085","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.ANALYSIS","IFRS5.DISCONTINUED.SINGLE_AMOUNT"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"ANALYSIS_CALC","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-analysis"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"Analyse Mervane's discontinued operation result: income €1,000,000, expenses €920,000, tax €20,000. Calculate the pre-tax result, the post-tax result, then the profit for the year from continuing operations (post-tax result €210,000) plus the single amount of €20,000.","es":""},"explanation":{"fr":"","en":"1,000,000 − 920,000 = 80,000; 80,000 − 20,000 = 60,000; 210,000 + 20,000 = 230,000. Rule to remember: the analysis details income, expenses, pre-tax result and tax behind the single amount (IFRS 5, para. 33).","es":""},"common_error":{"fr":"","en":"Stopping the analysis at the pre-tax result.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Income","es":""},"value":"1000000","unit":"EUR"},{"label":{"fr":"","en":"Expenses","es":""},"value":"920000","unit":"EUR"},{"label":{"fr":"","en":"Tax","es":""},"value":"20000","unit":"EUR"}],"steps":[{"id":"pre","label":{"fr":"","en":"Pre-tax result","es":""},"answer":80000,"tolerance":0,"unit":"EUR"},{"id":"post","label":{"fr":"","en":"Post-tax result","es":""},"answer":60000,"tolerance":0,"unit":"EUR"},{"id":"total","label":{"fr":"","en":"Profit for the year","es":""},"answer":230000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"pre","meaning":{"fr":"","en":"Pre-tax result","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Income","es":""},"value":1000000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Expenses","es":""},"value":920000,"unit":"EUR"}],"result":80000,"unit":"EUR"},{"step":"post","meaning":{"fr":"","en":"Post-tax result","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Pre-tax result","es":""},"value":80000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Tax","es":""},"value":20000,"unit":"EUR"}],"result":60000,"unit":"EUR"}],"rationale":{"fr":"","en":"the analysis details income, expenses, pre-tax result and tax behind the single amount (IFRS 5, para. 33).","es":""},"references":["REF.IFRS5.33"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000086","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.ANALYSIS"],"dimension":"RECOGNITION","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"ANALYSIS_CONTENT","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-analysis"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"What does the analysis of the single amount contain? (Several answers.)","es":""},"explanation":{"fr":"","en":"Rule to remember: the analysis details the result of the operation and that of the measurement or disposal (IFRS 5, para. 33).","es":""},"common_error":{"fr":"","en":"Giving the analysis of the whole group instead of the discontinued operation.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The remuneration of the operation's executives","es":""},"correct":false,"feedback":{"fr":"","en":"Remuneration is not part of the analysis of the single amount (IFRS 5, para. 33).","es":""}},{"id":"B","text":{"fr":"","en":"The income, expenses, pre-tax result and tax of the discontinued operation","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The pre-tax result on measurement or disposal and its tax effect","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The complete balance sheet of the whole group","es":""},"correct":false,"feedback":{"fr":"","en":"The analysis concerns the single amount, not the group's balance sheet (IFRS 5, para. 33).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000087","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.COMPARATIVES"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"COMPARATIVES_CALC","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-comparatives"},"references":["IFRS 5 §34"],"exercise":{"prompt":{"fr":"","en":"In N-1, Mervane had published income of €6,200,000 including €1,400,000 for Transport, and expenses of €5,700,000 including €1,250,000 for Transport. Restate the comparative: income and expenses of continuing operations, pre-tax result of continuing operations and of Transport.","es":""},"explanation":{"fr":"","en":"6,200,000 − 1,400,000 = 4,800,000; 5,700,000 − 1,250,000 = 4,450,000; 4,800,000 − 4,450,000 = 350,000; 1,400,000 − 1,250,000 = 150,000; total unchanged (350,000 + 150,000 = 500,000). Rule to remember: comparatives are restated to separate discontinued operations, without changing the total result (IFRS 5, para. 34).","es":""},"common_error":{"fr":"","en":"Restating income but forgetting to restate expenses.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Income published","es":""},"value":"6200000","unit":"EUR"},{"label":{"fr":"","en":"of which Transport","es":""},"value":"1400000","unit":"EUR"},{"label":{"fr":"","en":"Expenses published","es":""},"value":"5700000","unit":"EUR"},{"label":{"fr":"","en":"of which Transport","es":""},"value":"1250000","unit":"EUR"}],"steps":[{"id":"rev","label":{"fr":"","en":"Income from continuing operations","es":""},"answer":4800000,"tolerance":0,"unit":"EUR"},{"id":"exp","label":{"fr":"","en":"Expenses of continuing operations","es":""},"answer":4450000,"tolerance":0,"unit":"EUR"},{"id":"pre","label":{"fr":"","en":"Pre-tax result of continuing operations","es":""},"answer":350000,"tolerance":0,"unit":"EUR"},{"id":"tr","label":{"fr":"","en":"Pre-tax result of Transport","es":""},"answer":150000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"rev","meaning":{"fr":"","en":"Income from continuing operations","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Income published","es":""},"value":6200000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"of which Transport","es":""},"value":1400000,"unit":"EUR"}],"result":4800000,"unit":"EUR"},{"step":"exp","meaning":{"fr":"","en":"Expenses of continuing operations","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Expenses published","es":""},"value":5700000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"of which Transport","es":""},"value":1250000,"unit":"EUR"}],"result":4450000,"unit":"EUR"},{"step":"pre","meaning":{"fr":"","en":"Pre-tax result of continuing operations","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Income from continuing operations","es":""},"value":4800000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Expenses of continuing operations","es":""},"value":4450000,"unit":"EUR"}],"result":350000,"unit":"EUR"},{"step":"tr","meaning":{"fr":"","en":"Pre-tax result of Transport","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"of which Transport","es":""},"value":1400000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"of which Transport","es":""},"value":1250000,"unit":"EUR"}],"result":150000,"unit":"EUR"}],"rationale":{"fr":"","en":"comparatives are restated to separate discontinued operations, without changing the total result (IFRS 5, para. 34).","es":""},"references":["REF.IFRS5.34"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000088","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SEPARATE_INCOME_STATEMENT"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"SEPARATE_STATEMENT","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-separate"},"references":["IFRS 5 §33A"],"exercise":{"prompt":{"fr":"","en":"An entity presents its profit or loss in a separate income statement. Where does the discontinued operations section appear?","es":""},"explanation":{"fr":"","en":"Rule to remember: with a separate income statement, the discontinued operations section appears in it (IFRS 5, para. 33A).","es":""},"common_error":{"fr":"","en":"Placing the section outside the separate income statement.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"In that separate income statement","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"In the statement of financial position, with a dedicated line","es":""},"correct":false,"feedback":{"fr":"","en":"The discontinued operations section appears in the separate statement (IFRS 5, para. 33A).","es":""}},{"id":"C","text":{"fr":"","en":"In the notes, with no separate line in the income statement","es":""},"correct":false,"feedback":{"fr":"","en":"With a separate statement, the section appears in it, not only in the notes (IFRS 5, para. 33A).","es":""}},{"id":"D","text":{"fr":"","en":"In the statement of changes in equity","es":""},"correct":false,"feedback":{"fr":"","en":"The text refers to the separate income statement, not to equity (IFRS 5, para. 33A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000089","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.CASH_FLOWS"],"dimension":"DOCUMENTATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"CASH_FLOW_INFORMATION","difficulty":"ADVANCED","estimated_time_s":85,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-cashflows"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"Mervane presents a single amount and its analysis for Transport. What additional information concerns the discontinued operation?","es":""},"explanation":{"fr":"","en":"Professional judgement: the reconciliation with the group's cash flow statement is documented. Rule to remember: the information on the discontinued operation's cash flows completes the single amount (IFRS 5, para. 33).","es":""},"common_error":{"fr":"","en":"Forgetting the cash-flow information.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No further information: the single amount and its analysis are enough","es":""},"correct":false,"feedback":{"fr":"","en":"Cash-flow information completes the single amount (IFRS 5, para. 33).","es":""}},{"id":"B","text":{"fr":"","en":"The operation's forecast results for the next five years","es":""},"correct":false,"feedback":{"fr":"","en":"Forecasts are not the information concerned; it is the cash flows (IFRS 5, para. 33).","es":""}},{"id":"C","text":{"fr":"","en":"The operation's cash flows (operating, investing, financing), in the notes","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The amount of dividends paid by the operation to its shareholders","es":""},"correct":false,"feedback":{"fr":"","en":"Dividends paid are not the information concerned; it is the cash flows (IFRS 5, para. 33).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000090","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SINGLE_AMOUNT","IFRS5.DISCONTINUED.ANALYSIS","IFRS5.DISCONTINUED.COMPARATIVES"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"PRESENTATION_ERRORS","difficulty":"ADVANCED","estimated_time_s":110,"lesson_id":"LS.IFRS5.000010","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"pitfalls"},"references":["IFRS 5 §33","IFRS 5 §34"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: single post-tax amount, analysed, with restated comparatives (IFRS 5, paras. 33 and 34).","es":""},"common_error":{"fr":"","en":"Mixing pre-tax and post-tax amounts in the single amount.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"The single amount is analysed in the notes or in the income statement.","es":""},"erroneous":false},{"id":"e2","text":{"fr":"","en":"The single amount for discontinued operations is computed before tax.","es":""},"erroneous":true,"correction":{"fr":"","en":"The single amount comprises post-tax results (IFRS 5, para. 33).","es":""}},{"id":"e3","text":{"fr":"","en":"The comparatives stay presented as published the previous year.","es":""},"erroneous":true,"correction":{"fr":"","en":"The comparative periods are restated to present discontinued operations separately (IFRS 5, para. 34).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000091","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.PRIOR_PERIOD_ADJUSTMENTS"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"LATER_ADJUSTMENT","difficulty":"ADVANCED","estimated_time_s":95,"lesson_id":"LS.IFRS5.000011","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"rule-adjustments"},"references":["IFRS 5 §35"],"exercise":{"prompt":{"fr":"","en":"In N+1, Mervane obtains a price adjustment of €18,000 (post-tax) on the disposal of Transport, presented in discontinued operations. Profit from continuing operations for N+1 is €420,000. Calculate the discontinued operations amount for N+1 and the total result.","es":""},"explanation":{"fr":"","en":"The 18,000 adjustment stays in discontinued operations; total 420,000 + 18,000 = 438,000. Rule to remember: later adjustments of amounts presented in discontinued operations stay in discontinued operations (IFRS 5, para. 35). Effect: profit from continuing operations is not changed.","es":""},"common_error":{"fr":"","en":"Adding the adjustment to profit from continuing operations.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Price adjustment (post-tax)","es":""},"value":"18000","unit":"EUR"},{"label":{"fr":"","en":"Profit from continuing operations","es":""},"value":"420000","unit":"EUR"}],"steps":[{"id":"disc","label":{"fr":"","en":"Discontinued operations N+1","es":""},"answer":18000,"tolerance":0,"unit":"EUR"},{"id":"total","label":{"fr":"","en":"Total result N+1","es":""},"answer":438000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"total","meaning":{"fr":"","en":"Total result N+1","es":""},"expression":"a + b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Profit from continuing operations","es":""},"value":420000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Price adjustment (post-tax)","es":""},"value":18000,"unit":"EUR"}],"result":438000,"unit":"EUR"}],"rationale":{"fr":"","en":"later adjustments of amounts presented in discontinued operations stay in discontinued operations (IFRS 5, para. 35). Effect: profit from continuing operations is not changed.","es":""},"references":["REF.IFRS5.35"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000092","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.PRIOR_PERIOD_ADJUSTMENTS"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"ADJUSTMENT_CLASSIFICATION","difficulty":"ADVANCED","estimated_time_s":70,"lesson_id":"LS.IFRS5.000011","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"rule-adjustments"},"references":["IFRS 5 §35"],"exercise":{"prompt":{"fr":"","en":"A year after the disposal of a discontinued operation, a price adjustment clause brings €15,000 back to the entity. Where is this amount classified?","es":""},"explanation":{"fr":"","en":"Rule to remember: a later adjustment of an amount in discontinued operations stays classified in discontinued operations (IFRS 5, para. 35).","es":""},"common_error":{"fr":"","en":"Mixing the adjustment with ordinary profit.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"In income from continuing operations","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment of an amount presented in discontinued operations stays classified in that heading (IFRS 5, para. 35).","es":""}},{"id":"B","text":{"fr":"","en":"In equity","es":""},"correct":false,"feedback":{"fr":"","en":"Nothing provides for a charge to equity (IFRS 5, para. 35).","es":""}},{"id":"C","text":{"fr":"","en":"It is only recognised on the next disposal","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment is recognised in the period in which it arises (IFRS 5, para. 35).","es":""}},{"id":"D","text":{"fr":"","en":"In discontinued operations","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000093","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.CEASING_RECLASSIFICATION"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"RECLASSIFY_TO_CONTINUING","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IFRS5.000011","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"rule-ceasing"},"references":["IFRS 5 §36"],"exercise":{"prompt":{"fr":"","en":"Mervane gives up selling Transport. Pre-tax result of continuing operations: N €340,000, N-1 €350,000. Pre-tax result of Transport: N €95,000, N-1 €150,000. Calculate the restated pre-tax result of continuing operations for N and N-1.","es":""},"explanation":{"fr":"","en":"N: 340,000 + 95,000 = 435,000; N-1: 350,000 + 150,000 = 500,000. Rule to remember: when the component is no longer held for sale, its results move back to continuing operations for all periods presented (IFRS 5, para. 36).","es":""},"common_error":{"fr":"","en":"Reclassifying only the current year.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Continuing operations N / N-1","es":""},"value":"340000 / 350000","unit":"EUR"},{"label":{"fr":"","en":"Transport N / N-1","es":""},"value":"95000 / 150000","unit":"EUR"}],"steps":[{"id":"n","label":{"fr":"","en":"Restated N","es":""},"answer":435000,"tolerance":0,"unit":"EUR"},{"id":"n1","label":{"fr":"","en":"Restated N-1","es":""},"answer":500000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"n","meaning":{"fr":"","en":"Restated N","es":""},"expression":"a + b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Pre-tax result of continuing operations: N €340,000","es":""},"value":340000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Pre-tax result of Transport: N €95,000","es":""},"value":95000,"unit":"EUR"}],"result":435000,"unit":"EUR"}],"rationale":{"fr":"","en":"when the component is no longer held for sale, its results move back to continuing operations for all periods presented (IFRS 5, para. 36).","es":""},"references":["REF.IFRS5.36"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000094","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.LOSS_OF_CONTROL_NCI"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"LOSS_OF_CONTROL_RETAINED","difficulty":"ADVANCED","estimated_time_s":85,"lesson_id":"LS.IFRS5.000011","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"rule-nci"},"references":["IFRS 5 §36A","IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"Alverin commits to a plan involving loss of control of the subsidiary Torvane, which meets the criteria of the definition of a discontinued operation; Alverin will keep a non-controlling interest. What can be said about the discontinued-operations disclosures?","es":""},"explanation":{"fr":"","en":"Rule to remember: a retained interest does not prevent the discontinued-operations disclosures (IFRS 5, para. 36A).","es":""},"common_error":{"fr":"","en":"Setting the disclosures aside because of a retained interest.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"They are set aside as long as the interest is retained","es":""},"correct":false,"feedback":{"fr":"","en":"A retained interest does not set the disclosures aside when the criteria are met (IFRS 5, para. 36A).","es":""}},{"id":"B","text":{"fr":"","en":"They are provided despite the retained interest","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"They concern only the share sold","es":""},"correct":false,"feedback":{"fr":"","en":"The text refers to the subsidiary meeting the criteria of the definition, not only the portion sold (IFRS 5, para. 36A).","es":""}},{"id":"D","text":{"fr":"","en":"They are replaced by a simple note mention with no amount","es":""},"correct":false,"feedback":{"fr":"","en":"The required discontinued-operations disclosures apply as for any discontinued operation (IFRS 5, para. 36A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000095","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.PRIOR_PERIOD_ADJUSTMENTS","IFRS5.DISCONTINUED.CEASING_RECLASSIFICATION","IFRS5.DISCONTINUED.LOSS_OF_CONTROL_NCI"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"ADVANCED_ERRORS","difficulty":"ADVANCED","estimated_time_s":110,"lesson_id":"LS.IFRS5.000011","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"pitfalls"},"references":["IFRS 5 §35","IFRS 5 §36","IFRS 5 §36A"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: the scope of discontinued operations is followed over time: adjustments, ceasing, retained interest (IFRS 5, paras. 35, 36 and 36A).","es":""},"common_error":{"fr":"","en":"Treating these cases as mere presentation changes without consequence.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"A later adjustment of the selling price is presented in income from continuing operations.","es":""},"erroneous":true,"correction":{"fr":"","en":"It stays classified in discontinued operations (IFRS 5, para. 35).","es":""}},{"id":"e2","text":{"fr":"","en":"A retained interest exempts from any discontinued-operations disclosure.","es":""},"erroneous":true,"correction":{"fr":"","en":"The disclosures are given if the criteria of the definition are met, even with a retained interest (IFRS 5, para. 36A).","es":""}},{"id":"e3","text":{"fr":"","en":"When the component ceases to be held for sale, its results are reclassified to continuing operations for all periods presented.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000096","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.PRIOR_PERIOD_ADJUSTMENTS","IFRS5.DISCONTINUED.CEASING_RECLASSIFICATION","IFRS5.DISCONTINUED.LOSS_OF_CONTROL_NCI"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"DISCONTINUED_SCOPE_CASE","difficulty":"EXPERT","estimated_time_s":190,"lesson_id":"LS.IFRS5.000011","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"judgment"},"references":["IFRS 5 §35","IFRS 5 §36","IFRS 5 §36A"],"exercise":{"prompt":{"fr":"","en":"Follow Mervane's discontinued-operations scope over two periods.","es":""},"explanation":{"fr":"","en":"Adjustment in discontinued operations, then reclassification of all periods to continuing operations (IFRS 5, paras. 35 and 36). Rule to remember: the scope is followed over time.","es":""},"common_error":{"fr":"","en":"Reclassifying only the current period.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: in N, Mervane presented Transport as a discontinued operation. In N+1, a €12,000 price adjustment (post-tax) is received; then, at year end, management gives up the disposal: Transport ceases to be classified as held for sale. Pre-tax result of Transport is €80,000 in N and €90,000 in N-1; that of continuing operations, €300,000 in N and €310,000 in N-1.","es":""},"parts":[{"prompt":{"fr":"","en":"Where is the first €12,000 price adjustment classified in N+1 (before the decision to give up)?","es":""},"explanation":{"fr":"","en":"Rule to remember: the adjustment stays in discontinued operations as long as the component is classified (IFRS 5, para. 35).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"In continuing operations","es":""},"correct":false,"feedback":{"fr":"","en":"An adjustment of a discontinued-operations amount stays classified there (IFRS 5, para. 35).","es":""}},{"id":"B","text":{"fr":"","en":"In equity","es":""},"correct":false,"feedback":{"fr":"","en":"No charge to equity is provided for (IFRS 5, para. 35).","es":""}},{"id":"C","text":{"fr":"","en":"In discontinued operations","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"It is ignored in the financial statements","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment is recognised in the period in which it arises (IFRS 5, para. 35).","es":""}}],"id":"p1","dimension":"RECOGNITION"},{"prompt":{"fr":"","en":"After the decision to give up, calculate the restated pre-tax result of continuing operations for N and for N-1.","es":""},"explanation":{"fr":"","en":"300,000 + 80,000 = 380,000; 310,000 + 90,000 = 400,000. Rule to remember: all periods presented are reclassified to continuing operations (IFRS 5, para. 36).","es":""},"common_error":{"fr":"","en":"Reclassifying the current period only: all periods presented are reclassified as continuing operations.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Continuing N / N-1","es":""},"value":"300000 / 310000","unit":"EUR"},{"label":{"fr":"","en":"Transport N / N-1","es":""},"value":"80000 / 90000","unit":"EUR"}],"steps":[{"id":"n","label":{"fr":"","en":"Restated N","es":""},"answer":380000,"tolerance":0,"unit":"EUR"},{"id":"n1","label":{"fr":"","en":"Restated N-1","es":""},"answer":400000,"tolerance":0,"unit":"EUR"}],"id":"p2","dimension":"CALCULATION","formula":{"lines":[{"step":"n","meaning":{"fr":"","en":"Restated N","es":""},"expression":"a + b","variables":[{"symbol":"a","meaning":{"fr":"","en":"that of continuing operations, €300,000","es":""},"value":300000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Pre-tax result of Transport is €80,000","es":""},"value":80000,"unit":"EUR"}],"result":380000,"unit":"EUR"}],"rationale":{"fr":"","en":"all periods presented are reclassified to continuing operations (IFRS 5, para. 36).","es":""},"references":["REF.IFRS5.36"]}},{"prompt":{"fr":"","en":"The total result of each period is unchanged by this reclassification: only the split between continuing and discontinued operations changes.","es":""},"explanation":{"fr":"","en":"Professional judgement: the professional reconciles the total before and after reclassification and documents the date of the decision (IFRS 5, para. 36). Rule to remember: the reclassification moves amounts without changing the total.","es":""},"common_error":{"fr":"","en":"Believing the reclassification changes total profit: it only moves amounts between operations.","es":""},"format":"TRUE_FALSE","answer":true,"id":"p3","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000097","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.SEPARATE_FROM_OTHER_ASSETS"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"SEPARATE_LINE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000012","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-separate"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"How is an asset held for sale presented in the statement of financial position?","es":""},"explanation":{"fr":"","en":"Rule to remember: assets held for sale are presented separately from other assets (IFRS 5, para. 38).","es":""},"common_error":{"fr":"","en":"Leaving the asset in its original line.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Separately from other assets","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"In property, plant and equipment, with a note mention","es":""},"correct":false,"feedback":{"fr":"","en":"The classified asset leaves its original line (IFRS 5, para. 38).","es":""}},{"id":"C","text":{"fr":"","en":"As a deduction from equity","es":""},"correct":false,"feedback":{"fr":"","en":"No charge to equity is provided for in presentation (IFRS 5, para. 38).","es":""}},{"id":"D","text":{"fr":"","en":"As inventories, because the asset will be sold","es":""},"correct":false,"feedback":{"fr":"","en":"An asset classified as for sale remains a non-current asset held for sale, not inventory (IFRS 5, para. 38).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000098","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.NO_OFFSET"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"NO_OFFSET_RULE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000012","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-no-offset"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"The liabilities of a group held for sale may be offset against its assets to present a single net amount.","es":""},"explanation":{"fr":"","en":"Rule to remember: the group's liabilities are presented separately and are not offset against assets (IFRS 5, para. 38).","es":""},"common_error":{"fr":"","en":"Offsetting the group's assets and liabilities.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000099","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.SEPARATE_FROM_OTHER_ASSETS","IFRS5.PRESENTATION.NO_OFFSET"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"GROUP_LINES","difficulty":"INTERMEDIATE","estimated_time_s":100,"lesson_id":"LS.IFRS5.000012","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"numeric-presentation"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"Vendale's group comprises machines (€612,000), patents (€204,000), inventories (€130,000), financial assets (€45,000) and liabilities (€280,000). Calculate the two lines presented in the statement of financial position and the net amount of the group (information).","es":""},"explanation":{"fr":"","en":"612,000 + 204,000 + 130,000 + 45,000 = 991,000; liabilities 280,000; net 711,000 (information only). Rule to remember: two separate lines, without offsetting (IFRS 5, para. 38).","es":""},"common_error":{"fr":"","en":"Presenting €711,000 as a net line.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Machines","es":""},"value":"612000","unit":"EUR"},{"label":{"fr":"","en":"Patents","es":""},"value":"204000","unit":"EUR"},{"label":{"fr":"","en":"Inventories","es":""},"value":"130000","unit":"EUR"},{"label":{"fr":"","en":"Financial assets","es":""},"value":"45000","unit":"EUR"},{"label":{"fr":"","en":"Liabilities","es":""},"value":"280000","unit":"EUR"}],"steps":[{"id":"assets","label":{"fr":"","en":"Line of assets held for sale","es":""},"answer":991000,"tolerance":0,"unit":"EUR"},{"id":"liab","label":{"fr":"","en":"Line of the group's liabilities","es":""},"answer":280000,"tolerance":0,"unit":"EUR"},{"id":"net","label":{"fr":"","en":"Net amount of the group (information)","es":""},"answer":711000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"assets","meaning":{"fr":"","en":"Line of assets held for sale","es":""},"expression":"a + b + c + d","variables":[{"symbol":"a","meaning":{"fr":"","en":"Machines","es":""},"value":612000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Patents","es":""},"value":204000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Inventories","es":""},"value":130000,"unit":"EUR"},{"symbol":"d","meaning":{"fr":"","en":"Financial assets","es":""},"value":45000,"unit":"EUR"}],"result":991000,"unit":"EUR"}],"rationale":{"fr":"","en":"two separate lines, without offsetting (IFRS 5, para. 38).","es":""},"references":["REF.IFRS5.38"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000100","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.MAJOR_CLASSES"],"dimension":"APPLICATION","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"MAJOR_CLASSES_MULTI","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IFRS5.000012","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-classes"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"Which classes of assets and liabilities of Vendale's group are disclosed (on the face or in the notes)? (Several answers.)","es":""},"explanation":{"fr":"","en":"Rule to remember: the main classes of the group's assets and liabilities are disclosed (IFRS 5, para. 38).","es":""},"common_error":{"fr":"","en":"Disclosing the classes of the whole entity instead of the group's.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Only the net total of the group's assets and liabilities","es":""},"correct":false,"feedback":{"fr":"","en":"The main classes of assets and liabilities are disclosed, not just a net balance (IFRS 5, para. 38).","es":""}},{"id":"B","text":{"fr":"","en":"The machines and the patents","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The inventories and the financial assets","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The loan and the group's other liabilities","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000101","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.COMPARATIVES_NOT_RESTATED"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"COMPARATIVE_BALANCE","difficulty":"INTERMEDIATE","estimated_time_s":80,"lesson_id":"LS.IFRS5.000012","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-comparatives"},"references":["IFRS 5 §40"],"exercise":{"prompt":{"fr":"","en":"At 31 December N, Vendale classifies a group as for sale. What does it do with the comparative balance sheet at 31 December N-1?","es":""},"explanation":{"fr":"","en":"Rule to remember: comparatives in the statement of financial position are not reclassified (IFRS 5, para. 40).","es":""},"common_error":{"fr":"","en":"Reclassifying the N-1 balance sheet like the income statement.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It reclassifies it with a \"held for sale\" line","es":""},"correct":false,"feedback":{"fr":"","en":"Comparative amounts in the statement of financial position are not reclassified (IFRS 5, para. 40).","es":""}},{"id":"B","text":{"fr":"","en":"It does not reclassify it","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"It deletes it from the published statement","es":""},"correct":false,"feedback":{"fr":"","en":"The comparative stays presented as published (IFRS 5, para. 40).","es":""}},{"id":"D","text":{"fr":"","en":"It restates it like the income statement","es":""},"correct":false,"feedback":{"fr":"","en":"Restating comparatives concerns the income statement for discontinued operations, not the balance sheet (IFRS 5, paras. 34 and 40).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000102","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.SEPARATE_FROM_OTHER_ASSETS","IFRS5.PRESENTATION.NO_OFFSET","IFRS5.PRESENTATION.COMPARATIVES_NOT_RESTATED"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"SFP_ERRORS","difficulty":"ADVANCED","estimated_time_s":110,"lesson_id":"LS.IFRS5.000012","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"pitfalls"},"references":["IFRS 5 §38","IFRS 5 §40"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: separate line for assets, separate line without offsetting for liabilities, comparatives unchanged (IFRS 5, paras. 38 and 40).","es":""},"common_error":{"fr":"","en":"Applying income-statement presentation rules to the balance sheet.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"The assets and liabilities of a group held for sale are presented as a single net amount.","es":""},"erroneous":true,"correction":{"fr":"","en":"Liabilities are presented separately and are not offset against assets (IFRS 5, para. 38).","es":""}},{"id":"e2","text":{"fr":"","en":"Assets held for sale appear on a line separate from other assets.","es":""},"erroneous":false},{"id":"e3","text":{"fr":"","en":"The prior-year balance sheet is reclassified to show the asset as for sale.","es":""},"erroneous":true,"correction":{"fr":"","en":"Balance-sheet comparatives are not reclassified (IFRS 5, para. 40).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000103","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.NO_OFFSET","IFRS5.PRESENTATION.MAJOR_CLASSES"],"dimension":"DOCUMENTATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"PRESENTATION_FILE","difficulty":"ADVANCED","estimated_time_s":90,"lesson_id":"LS.IFRS5.000012","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-no-offset"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"Vendale's controller proposes presenting the group as a single net line in the statement of financial position, with the list of classes in a note. What is the answer?","es":""},"explanation":{"fr":"","en":"Professional judgement: the presentation file records where the classes are shown and why no offsetting is made (IFRS 5, para. 38). Rule to remember: liabilities separate, without offsetting.","es":""},"common_error":{"fr":"","en":"Believing a note can replace the separate presentation.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The classes may appear in a note, but liabilities must stay on a separate line, without offsetting","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The net line is acceptable if the classes are detailed in a note that replaces the presentation","es":""},"correct":false,"feedback":{"fr":"","en":"A note does not replace the separate presentation of liabilities without offsetting (IFRS 5, para. 38).","es":""}},{"id":"C","text":{"fr":"","en":"The classes must appear on the face itself, the note being unable to contain them","es":""},"correct":false,"feedback":{"fr":"","en":"The classes may appear on the face or in the notes (IFRS 5, para. 38).","es":""}},{"id":"D","text":{"fr":"","en":"The assets and liabilities must be removed from the balance sheet and mentioned only in a note","es":""},"correct":false,"feedback":{"fr":"","en":"The group's assets and liabilities are presented separately in the statement of financial position (IFRS 5, para. 38).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000104","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCLOSURE.HELD_FOR_SALE_NOTE"],"dimension":"DOCUMENTATION","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"NOTE_CONTENT","difficulty":"ADVANCED","estimated_time_s":90,"lesson_id":"LS.IFRS5.000013","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000013","section_id":"rule-note"},"references":["IFRS 5 §41"],"exercise":{"prompt":{"fr":"","en":"What information do the notes give for a group held for sale? (Several answers.)","es":""},"explanation":{"fr":"","en":"Rule to remember: description, facts and circumstances, losses and reversals, segment (IFRS 5, para. 41). Professional judgement: the professional reconciles this information with the balance-sheet figures.","es":""},"common_error":{"fr":"","en":"Limiting the notes to a mere description.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The segment in which the group is presented","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The entity's development strategy after the disposal","es":""},"correct":false,"feedback":{"fr":"","en":"The future strategy is not part of the information required by this paragraph (IFRS 5, para. 41).","es":""}},{"id":"C","text":{"fr":"","en":"The description of the group and the facts and circumstances of the sale","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The impairment losses and reversals recognised","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000105","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCLOSURE.CRITERIA_MET_AFTER_PERIOD"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"AFTER_PERIOD_NOTE","difficulty":"ADVANCED","estimated_time_s":90,"lesson_id":"LS.IFRS5.000013","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000013","section_id":"rule-after-period"},"references":["IFRS 5 §12","IFRS 5 §41"],"exercise":{"prompt":{"fr":"","en":"Year-end 31 December N. On 15 February N+1, before the accounts are finalised, Calvane meets the criteria for a warehouse. What does the treatment at year-end provide?","es":""},"explanation":{"fr":"","en":"Rule to remember: criteria met after the reporting date: no classification at that date, but note disclosure (IFRS 5, paras. 12 and 41).","es":""},"common_error":{"fr":"","en":"Classifying retroactively or keeping silent on the event.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A classification at 31 December N, with the usual notes of a classified group","es":""},"correct":false,"feedback":{"fr":"","en":"The criteria were not met at the reporting date, and a note mention is provided for (IFRS 5, para. 12).","es":""}},{"id":"B","text":{"fr":"","en":"No classification at 31 December N, but note disclosure","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"A retroactive classification from 1 January N with reclassified comparatives","es":""},"correct":false,"feedback":{"fr":"","en":"Classification does not go back in time, and balance-sheet comparatives are not reclassified (IFRS 5, paras. 12 and 40).","es":""}},{"id":"D","text":{"fr":"","en":"The event is ignored in the year-end financial statements","es":""},"correct":false,"feedback":{"fr":"","en":"Note disclosure is provided for this event (IFRS 5, para. 41).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000106","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCLOSURE.HELD_FOR_SALE_NOTE","IFRS5.DISCLOSURE.CRITERIA_MET_AFTER_PERIOD"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"DISCLOSURE_ERRORS","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000013","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000013","section_id":"pitfalls"},"references":["IFRS 5 §12","IFRS 5 §41"],"exercise":{"prompt":{"fr":"","en":"Spot the erroneous statements.","es":""},"explanation":{"fr":"","en":"Rule to remember: complete notes for the classified group, note mention for criteria met after the reporting date (IFRS 5, paras. 12 and 41).","es":""},"common_error":{"fr":"","en":"Neglecting the notes in favour of the figures alone.","es":""},"format":"ERROR_SPOT","statements":[{"id":"e1","text":{"fr":"","en":"Criteria met after the reporting date do not allow classification at that date.","es":""},"erroneous":false},{"id":"e2","text":{"fr":"","en":"The notes of a group held for sale mention neither losses nor reversals.","es":""},"erroneous":true,"correction":{"fr":"","en":"The notes state the impairment losses and reversals recognised (IFRS 5, para. 41).","es":""}},{"id":"e3","text":{"fr":"","en":"For an event after the reporting date, no note mention is useful.","es":""},"erroneous":true,"correction":{"fr":"","en":"Note disclosure is given when the criteria are met after the reporting date (IFRS 5, paras. 12 and 41).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000107","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCLOSURE.HELD_FOR_SALE_NOTE","IFRS5.DISCLOSURE.CRITERIA_MET_AFTER_PERIOD"],"dimension":"DOCUMENTATION","format":"TRUE_FALSE","context":"GENERIC","tested_point":"NOTE_FILE","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000013","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000013","section_id":"judgment"},"references":["IFRS 5 §12","IFRS 5 §41"],"exercise":{"prompt":{"fr":"","en":"For a warehouse whose criteria are met after the reporting date, the note mention must be able to rely on dated facts (decision, timetable, circumstances of the planned sale).","es":""},"explanation":{"fr":"","en":"Professional judgement: the facts of the mention are dated and kept (IFRS 5, para. 41). Rule to remember: the note mention describes the asset, the facts and circumstances of the planned sale (IFRS 5, paras. 12 and 41).","es":""},"common_error":{"fr":"","en":"Drafting the mention without dated evidence.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000108","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.DISCLOSURE.HELD_FOR_SALE_NOTE","IFRS5.DISCLOSURE.CRITERIA_MET_AFTER_PERIOD"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"DISCLOSURE_CASE","difficulty":"EXPERT","estimated_time_s":190,"lesson_id":"LS.IFRS5.000013","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000013","section_id":"judgment"},"references":["IFRS 5 §12","IFRS 5 §40","IFRS 5 §41"],"exercise":{"prompt":{"fr":"","en":"Prepare Calvane's year-end disclosures.","es":""},"explanation":{"fr":"","en":"A classified with full notes; B mentioned in the notes without classification; comparatives unchanged (IFRS 5, paras. 12, 40 and 41). Rule to remember: the date of the criteria governs the treatment.","es":""},"common_error":{"fr":"","en":"Classifying B at year-end because the decision is known before finalisation.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: at 31 December N, Calvane has two warehouses. Warehouse A has met the classification criteria since 1 November N; a loss of €40,000 was recognised on classification. Warehouse B meets the criteria only on 15 February N+1, before the accounts are finalised.","es":""},"parts":[{"prompt":{"fr":"","en":"Classify the treatment of each warehouse at 31 December N.","es":""},"explanation":{"fr":"","en":"Rule to remember: classification with full notes for A; no classification at the reporting date for B but a note mention (IFRS 5, paras. 12 and 41).","es":""},"common_error":{"fr":"","en":"Classifying warehouse B as held for sale at year-end: the criteria are met only afterwards, so only a note disclosure is required.","es":""},"format":"CLASSIFICATION","categories":[{"id":"hfs","text":{"fr":"","en":"Classified as for sale, with full notes","es":""}},{"id":"post","text":{"fr":"","en":"Not classified, note mention","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"Warehouse A","es":""},"category":"hfs"},{"id":"i2","text":{"fr":"","en":"Warehouse B","es":""},"category":"post"},{"id":"i3","text":{"fr":"","en":"€40,000 loss on warehouse A: to be mentioned with losses and reversals","es":""},"category":"hfs"}],"id":"p1","dimension":"RECOGNITION"},{"prompt":{"fr":"","en":"What happens to the comparative balance sheet at 31 December N-1 for warehouse A?","es":""},"explanation":{"fr":"","en":"Rule to remember: comparatives in the statement of financial position are not reclassified (IFRS 5, para. 40).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It is reclassified with a \"held for sale\" line","es":""},"correct":false,"feedback":{"fr":"","en":"The balance-sheet comparative amounts are not reclassified (IFRS 5, para. 40).","es":""}},{"id":"B","text":{"fr":"","en":"It is deleted","es":""},"correct":false,"feedback":{"fr":"","en":"The comparative stays as published (IFRS 5, para. 40).","es":""}},{"id":"C","text":{"fr":"","en":"It is restated with the €40,000 loss","es":""},"correct":false,"feedback":{"fr":"","en":"The loss is recognised in the period of classification, not in the comparative (IFRS 5, para. 40).","es":""}},{"id":"D","text":{"fr":"","en":"It is not reclassified","es":""},"correct":true}],"id":"p2","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"The note mention for warehouse B must describe the facts and circumstances of the planned sale.","es":""},"explanation":{"fr":"","en":"Professional judgement: the facts are dated (15 February N+1) and tied to the finalisation of the accounts (IFRS 5, para. 41). Rule to remember: the note mention describes the facts and circumstances.","es":""},"common_error":{"fr":"","en":"Settling for a general statement: the note describes the dated facts and circumstances of the planned sale.","es":""},"format":"TRUE_FALSE","answer":true,"id":"p3","dimension":"DOCUMENTATION"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000109","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS16"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS16_STOP","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias16-38"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"Up to when does IAS 16 govern the depreciation of a machine that will be classified as for sale?","es":""},"explanation":{"fr":"","en":"Rule to remember: IAS 16 applies until classification; after that the asset is no longer depreciated (IFRS 5, para. 25).","es":""},"common_error":{"fr":"","en":"Continuing IAS 16 depreciation after classification.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Up to the date of classification as for sale","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Up to the actual disposal","es":""},"correct":false,"feedback":{"fr":"","en":"Depreciation stops on classification, before disposal (IFRS 5, para. 25).","es":""}},{"id":"C","text":{"fr":"","en":"Up to the last annual closing before classification","es":""},"correct":false,"feedback":{"fr":"","en":"The charge is computed up to the classification date, not only to the closing (IFRS 5, para. 25).","es":""}},{"id":"D","text":{"fr":"","en":"Up to derecognition, because IFRS 5 does not deal with depreciation","es":""},"correct":false,"feedback":{"fr":"","en":"IFRS 5 provides for the end of depreciation of an asset classified as for sale (IFRS 5, para. 25).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000110","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS38","IFRS5.INTERACTIONS.IAS16"],"dimension":"RECOGNITION","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS38_STOP","difficulty":"BEGINNER","estimated_time_s":50,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias16-38"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"The end of amortisation on classification as for sale also applies to intangible assets under IAS 38.","es":""},"explanation":{"fr":"","en":"Rule to remember: tangible and intangible assets classified as for sale are no longer depreciated (IFRS 5, para. 25).","es":""},"common_error":{"fr":"","en":"Believing IAS 38 escapes the end of amortisation.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000111","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS36"],"dimension":"RECOGNITION","format":"MATCHING","context":"GENERIC","tested_point":"STANDARD_MATCHING","difficulty":"INTERMEDIATE","estimated_time_s":85,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias36"},"references":["IFRS 5 §15","IFRS 5 §18"],"exercise":{"prompt":{"fr":"","en":"Match each situation with the standard that applies.","es":""},"explanation":{"fr":"","en":"Rule to remember: each standard governs one stage: before classification the original standards, after classification IFRS 5, except exclusions (IFRS 5, paras. 5, 15 and 18).","es":""},"common_error":{"fr":"","en":"Applying IFRS 5 before classification.","es":""},"format":"MATCHING","left":[{"id":"l1","text":{"fr":"","en":"Impairment recognised before classification","es":""}},{"id":"l2","text":{"fr":"","en":"Loss down to fair value less costs after classification","es":""}},{"id":"l3","text":{"fr":"","en":"Depreciation charge before classification","es":""}},{"id":"l4","text":{"fr":"","en":"Investment property measured at fair value","es":""}}],"right":[{"id":"r3","text":{"fr":"","en":"IAS 16 or IAS 38","es":""}},{"id":"r4","text":{"fr":"","en":"IAS 40","es":""}},{"id":"r1","text":{"fr":"","en":"IAS 36","es":""}},{"id":"r2","text":{"fr":"","en":"IFRS 5","es":""}}],"pairs":[{"left":"l1","right":"r1"},{"left":"l2","right":"r2"},{"left":"l3","right":"r3"},{"left":"l4","right":"r4"}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000112","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS36"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"TWO_LOSSES","difficulty":"INTERMEDIATE","estimated_time_s":110,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"numeric-ias36"},"references":["IFRS 5 §15","IFRS 5 §18","IFRS 5 §21"],"exercise":{"prompt":{"fr":"","en":"Calvane: carrying amount €1,100,000, recoverable amount before classification €1,040,000 (loss under IAS 36). On classification, fair value less costs is €1,005,000. Calculate the IAS 36 loss, the IFRS 5 loss and the cumulative losses.","es":""},"explanation":{"fr":"","en":"1,100,000 − 1,040,000 = 60,000; 1,040,000 − 1,005,000 = 35,000; total 95,000. Rule to remember: IAS 36 before classification, IFRS 5 afterwards; earlier losses count in the reversal cap (IFRS 5, paras. 18, 15 and 21).","es":""},"common_error":{"fr":"","en":"Computing a single loss of €95,000 under IFRS 5.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Carrying amount","es":""},"value":"1100000","unit":"EUR"},{"label":{"fr":"","en":"Recoverable amount before classification","es":""},"value":"1040000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs","es":""},"value":"1005000","unit":"EUR"}],"steps":[{"id":"l36","label":{"fr":"","en":"IAS 36 loss","es":""},"answer":60000,"tolerance":0,"unit":"EUR"},{"id":"l5","label":{"fr":"","en":"IFRS 5 loss","es":""},"answer":35000,"tolerance":0,"unit":"EUR"},{"id":"tot","label":{"fr":"","en":"Cumulative losses","es":""},"answer":95000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"l36","meaning":{"fr":"","en":"IAS 36 loss","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount","es":""},"value":1100000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Recoverable amount before classification","es":""},"value":1040000,"unit":"EUR"}],"result":60000,"unit":"EUR"},{"step":"l5","meaning":{"fr":"","en":"IFRS 5 loss","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Recoverable amount before classification","es":""},"value":1040000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Fair value less costs","es":""},"value":1005000,"unit":"EUR"}],"result":35000,"unit":"EUR"}],"rationale":{"fr":"","en":"IAS 36 before classification, IFRS 5 afterwards; earlier losses count in the reversal cap (IFRS 5, paras. 18, 15 and 21).","es":""},"references":["REF.IFRS5.15","REF.IFRS5.18","REF.IFRS5.21"]}},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000113","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS40"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS40_MODEL_FIRST","difficulty":"INTERMEDIATE","estimated_time_s":70,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias40"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Barvane classifies as for sale a group that includes an investment property. What must it identify first to know how to treat this property?","es":""},"explanation":{"fr":"","en":"Rule to remember: IAS 40 offers two models, fair value or cost; the model chosen governs the treatment of an investment property classified as for sale.","es":""},"common_error":{"fr":"","en":"Treating all investment property in the same way without looking at its measurement model.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The occupancy rate of the property over the last twelve months","es":""},"correct":false,"feedback":{"fr":"","en":"The occupancy rate is not what governs the treatment; it is the IAS 40 measurement model chosen.","es":""}},{"id":"B","text":{"fr":"","en":"The measurement model chosen under IAS 40: fair value or cost","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The date of the last lease signed with a tenant","es":""},"correct":false,"feedback":{"fr":"","en":"The date of a lease does not determine the treatment on sale; the IAS 40 measurement model does.","es":""}},{"id":"D","text":{"fr":"","en":"The amount of rent received during the year","es":""},"correct":false,"feedback":{"fr":"","en":"The amount of rent is operating information; it does not say which measurement model applies.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000114","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IFRS13"],"dimension":"RECOGNITION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IFRS13_ROLE","difficulty":"ADVANCED","estimated_time_s":80,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ifrs13"},"references":["IFRS 5 §15"],"exercise":{"prompt":{"fr":"","en":"What does IFRS 13 say that matters for the IFRS 5 comparison?","es":""},"explanation":{"fr":"","en":"Professional judgement: the file supports fair value before deducting costs (IFRS 5, para. 15). Rule to remember: IFRS 13 defines fair value without adjusting it for transaction costs; IFRS 5 deducts the costs to sell from it.","es":""},"common_error":{"fr":"","en":"Confusing fair value and fair value less costs.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It sets the costs to sell itself","es":""},"correct":false,"feedback":{"fr":"","en":"Costs to sell are defined in IFRS 5, not in IFRS 13 (IFRS 5, Appendix A).","es":""}},{"id":"B","text":{"fr":"","en":"It defines fair value without adjusting it for transaction costs; IFRS 5 then deducts the costs to sell from it","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"It replaces the IFRS 5 comparison with a measurement at historical cost of the asset","es":""},"correct":false,"feedback":{"fr":"","en":"The comparison remains that of IFRS 5: lower of carrying amount and fair value less costs (IFRS 5, para. 15).","es":""}},{"id":"D","text":{"fr":"","en":"It requires adding the costs to sell to fair value before the comparison","es":""},"correct":false,"feedback":{"fr":"","en":"The costs to sell are deducted from fair value, not added to it (IFRS 5, para. 15).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000115","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS12","IFRS5.INTERACTIONS.IFRS9"],"dimension":"APPLICATION","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"EXCLUDED_ASSETS_LOSS","difficulty":"ADVANCED","estimated_time_s":100,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias12"},"references":["IFRS 5 §5","IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"A group classified as for sale suffers a loss. Which items bear no share of this loss? (Several answers.)","es":""},"explanation":{"fr":"","en":"Rule to remember: deferred tax assets and IFRS 9 financial assets stay measured under their own standard and bear no share of the loss (IFRS 5, paras. 5 and 23). Effect: the loss reduces only the non-current assets within the scope.","es":""},"common_error":{"fr":"","en":"Spreading the loss over all assets in the group.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The group's machines","es":""},"correct":false,"feedback":{"fr":"","en":"The machines are non-current assets within the measurement scope and bear the loss (IFRS 5, para. 23).","es":""}},{"id":"B","text":{"fr":"","en":"The group's patents","es":""},"correct":false,"feedback":{"fr":"","en":"The patents are among the non-current assets within the measurement scope (IFRS 5, para. 23).","es":""}},{"id":"C","text":{"fr":"","en":"Deferred tax assets (IAS 12)","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Financial assets (IFRS 9)","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"LX.IFRS5.000116","source":"V2","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IFRS13","IFRS5.INTERACTIONS.IAS12","IFRS5.INTERACTIONS.IFRS9","IFRS5.INTERACTIONS.IAS36"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"GENERIC","tested_point":"INTERACTIONS_MAP_CASE","difficulty":"EXPERT","estimated_time_s":190,"lesson_id":"LS.IFRS5.000014","review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"judgment"},"references":["IFRS 5 §5","IFRS 5 §15","IFRS 5 §18","IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"Map the standards involved for a Calvane group.","es":""},"explanation":{"fr":"","en":"Machines and patent bear the loss; receivables, deferred tax and fair-value property keep their measurement; IAS 36 before classification; costs to sell deducted from fair value (IFRS 5, paras. 5 and 15) (IFRS 5, paras. 18 and 23). Rule to remember: each item falls under the standard that governs its measurement.","es":""},"common_error":{"fr":"","en":"Applying IFRS 5 to all items without distinguishing their standards.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Teaching assumption: Calvane classifies as for sale a group comprising machines, a patent, trade receivables, a deferred tax asset and an investment property measured at fair value. Before classification, an impairment was recognised on the machines. Management provides a group fair value without specifying the method.","es":""},"parts":[{"prompt":{"fr":"","en":"Classify each item: does it bear a share of the group's loss?","es":""},"explanation":{"fr":"","en":"Rule to remember: only the non-current assets within the measurement scope bear the loss (IFRS 5, paras. 5 and 23).","es":""},"common_error":{"fr":"","en":"Allocating the loss to receivables, deferred tax or fair-value property: they keep their own measurement.","es":""},"format":"CLASSIFICATION","categories":[{"id":"bear","text":{"fr":"","en":"Bears a share of the loss","es":""}},{"id":"no","text":{"fr":"","en":"Keeps its own measurement","es":""}}],"items":[{"id":"i1","text":{"fr":"","en":"Machines","es":""},"category":"bear"},{"id":"i2","text":{"fr":"","en":"Patent","es":""},"category":"bear"},{"id":"i3","text":{"fr":"","en":"Trade receivables (IFRS 9)","es":""},"category":"no"},{"id":"i4","text":{"fr":"","en":"Deferred tax asset (IAS 12)","es":""},"category":"no"},{"id":"i5","text":{"fr":"","en":"Investment property at fair value (IAS 40)","es":""},"category":"no"}],"id":"p1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"Which standard does the impairment recognised before classification come under, and what becomes of it?","es":""},"explanation":{"fr":"","en":"Rule to remember: IAS 36 before classification: the impairment enters the carrying amount before reclassification (IFRS 5, para. 18).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"IAS 36; it is included in the carrying amount before reclassification","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"IFRS 5; it is cancelled on classification","es":""},"correct":false,"feedback":{"fr":"","en":"The earlier impairment is not cancelled; it is part of the carrying amount (IFRS 5, para. 18).","es":""}},{"id":"C","text":{"fr":"","en":"IAS 12; it is carried to deferred tax","es":""},"correct":false,"feedback":{"fr":"","en":"IAS 12 does not govern the impairment of a tangible asset (IFRS 5, para. 5).","es":""}},{"id":"D","text":{"fr":"","en":"IAS 40; it is charged to equity on reclassification of the asset","es":""},"correct":false,"feedback":{"fr":"","en":"IAS 40 concerns investment property, not machines (IFRS 5, para. 5).","es":""}}],"id":"p2","dimension":"RULE_KNOWLEDGE"},{"prompt":{"fr":"","en":"To obtain the group's fair value, the file first adds the transaction costs to the market price, before deducting the costs to sell.","es":""},"explanation":{"fr":"","en":"Professional judgement: the file documents fair value, a market price not adjusted for transaction costs, then deducts the costs to sell (IFRS 5, para. 15). Rule to remember: IFRS 13 defines fair value without adjusting it for transaction costs.","es":""},"common_error":{"fr":"","en":"Adding transaction costs to the market price: fair value is not adjusted for them; only costs to sell are then deducted.","es":""},"format":"TRUE_FALSE","answer":false,"id":"p3","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000001","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.OBJECTIVE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000001","tested_point":"QST.IFRS5.000001","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"understand"},"references":["IFRS 5 §1"],"exercise":{"prompt":{"fr":"","en":"IFRS 5 deals only with the sale of entire businesses: the sale of a single asset falls outside its objective.","es":""},"explanation":{"fr":"","en":"The standard sets the measurement and presentation of assets, or groups of assets, held for sale, and the information to give on discontinued operations; it is therefore not limited to entire businesses (IFRS 5, para. 1). Trap: narrowing the standard to sales of businesses, whereas single assets and groups are covered too. Rule to remember: IFRS 5 covers the measurement and presentation of assets (or groups) held for sale, and the information on discontinued operations.","es":""},"common_error":{"fr":"","en":"Believing the standard only deals with the sale of entire businesses.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000002","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.CLASSIFICATION_PRESENTATION"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000002","tested_point":"QST.IFRS5.000002","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"understand"},"references":["IFRS 5 §2"],"exercise":{"prompt":{"fr":"","en":"Four statements are made about the scope of IFRS 5. Which one is wrong?","es":""},"explanation":{"fr":"","en":"Classification and presentation apply to all recognised non-current assets and disposal groups, whereas only measurement has exclusions (IFRS 5, para. 2). Trap: extending the measurement exclusions to classification and presentation. Rule to remember: The standard's exclusions concern measurement only; classification and presentation stay broad.","es":""},"common_error":{"fr":"","en":"Mixing up the scope of classification and presentation with the narrower scope of measurement.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Classification and presentation cover all recognised non-current assets and disposal groups.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: classification and presentation have a broad scope covering all recognised non-current assets and disposal groups. The error lies in another statement. Rule to remember: The standard's exclusions concern measurement only; classification and presentation stay broad (IFRS 5, para. 2).","es":""}},{"id":"B","text":{"fr":"","en":"The measurement scope is narrower than the scope of classification and presentation.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: only measurement has exclusions, which makes its scope narrower. Choosing it means challenging a difference in scope that is intended. Rule to remember: The standard's exclusions concern measurement only; classification and presentation stay broad (IFRS 5, para. 2).","es":""}},{"id":"C","text":{"fr":"","en":"An asset may be presented as held for sale while being excluded from the standard's measurement rule.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: being excluded from a measurement rule does not prevent classification or separate presentation. Choosing it means mixing up the three scopes. Rule to remember: The standard's exclusions concern measurement only; classification and presentation stay broad (IFRS 5, para. 2).","es":""}},{"id":"D","text":{"fr":"","en":"An asset excluded from the measurement scope also falls out of the scope of classification and presentation.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000003","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.DISPOSAL_GROUP_WHOLE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000003","tested_point":"QST.IFRS5.000003","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-group"},"references":["IFRS 5 §4"],"exercise":{"prompt":{"fr":"","en":"When a non-current asset is part of a disposal group, the standard's measurement requirement applies to the group taken as a whole.","es":""},"explanation":{"fr":"","en":"For an asset within the measurement scope that belongs to a disposal group, measurement applies to the group as a whole; individual assets and liabilities are first measured under paragraphs 18, 19 and 23 (IFRS 5, para. 4). Trap: applying the measurement rule asset by asset, as if the group did not exist. Rule to remember: A disposal group is measured as a whole.","es":""},"common_error":{"fr":"","en":"Applying the lower-of measurement asset by asset instead of to the group.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000004","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.DISPOSAL_GROUP_WHOLE"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000004","tested_point":"QST.IFRS5.000004","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-group"},"references":["IFRS 5 §4"],"exercise":{"prompt":{"fr":"","en":"Aldric classifies a disposal group made of a machine (carrying amount €300,000) and a patent (carrying amount €200,000), both within the measurement scope. The group, measured as a whole, has a fair value less costs to sell of €450,000. Case convention: the assets and liabilities have already been measured under the applicable standards. Which approach is consistent with the standard?","es":""},"explanation":{"fr":"","en":"Both assets are within the measurement scope and belong to the group: measurement is done on the group, i.e. a carrying amount of 300,000 + 200,000 = 500,000 to compare with 450,000 (IFRS 5, para. 4). Trap: going down to the level of each asset when the unit of measurement is the group. Rule to remember: When an asset within the measurement scope belongs to a disposal group, the group is measured as a whole.","es":""},"common_error":{"fr":"","en":"Applying the lower-of measurement asset by asset instead of to the group.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Compare the group's carrying amount (€500,000) with its fair value less costs to sell (€450,000), at group level.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Compare each asset with its own fair value less costs to sell, then add up the differences, ignoring the group level.","es":""},"correct":false,"feedback":{"fr":"","en":"This approach measures each asset separately whereas the group is measured as a whole; it ignores the level at which the comparison must be made. Rule to remember: When an asset within the measurement scope belongs to a disposal group, the group is measured as a whole (IFRS 5, para. 4).","es":""}},{"id":"C","text":{"fr":"","en":"Measure the machine on its own, the patent being an intangible asset handled apart within the group.","es":""},"correct":false,"feedback":{"fr":"","en":"An intangible asset within the measurement scope belongs to the group like the others; leaving the patent out distorts the group's amount. Rule to remember: When an asset within the measurement scope belongs to a disposal group, the group is measured as a whole (IFRS 5, para. 4).","es":""}},{"id":"D","text":{"fr":"","en":"Defer any comparison to the date the group is sold, measurement being a matter for that later date.","es":""},"correct":false,"feedback":{"fr":"","en":"Measurement applies from classification, before any sale; waiting for the disposal means not applying the standard. Rule to remember: When an asset within the measurement scope belongs to a disposal group, the group is measured as a whole (IFRS 5, para. 4).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000005","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.MEASUREMENT_EXCLUSIONS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000005","tested_point":"QST.IFRS5.000005","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":140,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-exclusions"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"A group classified as held for sale includes several assets. Which ones fall outside the IFRS 5 measurement rule (lower of carrying amount and fair value less costs to sell)? More than one answer.","es":""},"explanation":{"fr":"","en":"Paragraph 5 excludes from the measurement scope deferred tax assets (IAS 12), assets related to employee benefits (IAS 19) and financial assets within IFRS 9; they remain presented as held for sale (IFRS 5, para. 5). Trap: bringing a financial asset of the group down to fair value less costs to sell. Rule to remember: Deferred tax assets, employee benefit assets and IFRS 9 financial assets keep their own measurement.","es":""},"common_error":{"fr":"","en":"Bringing a financial asset of the group down to fair value less costs to sell.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A production machine.","es":""},"correct":false,"feedback":{"fr":"","en":"This machine is within the measurement scope: it is measured at the lower of its carrying amount and its fair value less costs to sell. Not selecting it as excluded is the right reading. Rule to remember: Deferred tax assets, employee benefit assets and IFRS 9 financial assets keep their own measurement (IFRS 5, para. 5).","es":""}},{"id":"B","text":{"fr":"","en":"A deferred tax asset.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"An asset related to employee benefits.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"A financial asset within the scope of IFRS 9.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000006","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.FAIR_VALUE_ASSETS_EXCLUSION"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000006","tested_point":"QST.IFRS5.000006","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-fv-assets"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Norvane classifies a disposal group that includes an investment property measured under the IAS 40 fair value model and an industrial building. Which treatment is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"Investment property measured at fair value is among the assets excluded from measurement; it stays presented as held for sale, while the other assets in scope follow the lower-of rule (IFRS 5, para. 5). Trap: applying the lower-of rule to a property that keeps its fair value measurement. Rule to remember: An asset excluded from measurement stays classified and presented as held for sale, with its own measurement.","es":""},"common_error":{"fr":"","en":"Treating as excluded from classification an investment property of which only the measurement is excluded.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Both properties are measured at the lower of carrying amount and fair value less costs to sell, with no exception for the investment property.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer applies the lower-of rule to an investment property at fair value, although it is excluded from the standard's measurement scope. Rule to remember: An asset excluded from measurement stays classified and presented as held for sale, with its own measurement (IFRS 5, para. 5).","es":""}},{"id":"B","text":{"fr":"","en":"The investment property leaves the group and the separate presentation, because it is excluded from measurement.","es":""},"correct":false,"feedback":{"fr":"","en":"The exclusion does not change presentation: assets excluded from measurement remain presented as held for sale with the group. Rule to remember: An asset excluded from measurement stays classified and presented as held for sale, with its own measurement (IFRS 5, para. 5).","es":""}},{"id":"C","text":{"fr":"","en":"The industrial building follows the lower-of rule; the investment property keeps its fair value measurement and stays presented as held for sale.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The group is not classified, the exclusion of the investment property preventing classification of the industrial building.","es":""},"correct":false,"feedback":{"fr":"","en":"A measurement exclusion does not block classification of the group; the industrial building is still measured under the lower-of rule. Rule to remember: An asset excluded from measurement stays classified and presented as held for sale, with its own measurement (IFRS 5, para. 5).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000007","standard_id":"IFRS5","concept_ids":["IFRS5.SCOPE.HELD_FOR_DISTRIBUTION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000007","tested_point":"QST.IFRS5.000007","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000001","section_id":"rule-distribution"},"references":["IFRS 5 §5A"],"exercise":{"prompt":{"fr":"","en":"The classification, presentation, measurement and disclosure requirements for assets held for sale also apply to assets held for distribution to owners.","es":""},"explanation":{"fr":"","en":"The standard extends to assets (or groups) held for distribution to owners, in their capacity as owners, the requirements set for assets held for sale (IFRS 5, para. 5A). Trap: thinking that a distribution to owners falls outside the standard. Rule to remember: A distribution to owners, in their capacity as owners, is within IFRS 5 like a sale.","es":""},"common_error":{"fr":"","en":"Thinking that a distribution to owners falls outside the scope of the standard.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000008","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.RECOVERY_THROUGH_SALE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000008","tested_point":"QST.IFRS5.000008","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-principle"},"references":["IFRS 5 §6"],"exercise":{"prompt":{"fr":"","en":"Under IFRS 5, which principle underlies the classification of a non-current asset as held for sale?","es":""},"explanation":{"fr":"","en":"An asset or group is classified as held for sale if its carrying amount will be recovered principally through a sale rather than through continuing use (IFRS 5, para. 6). Trap: classifying an asset still in use because management may sell it one day. Rule to remember: Classification rests on the main way of recovering the carrying amount: sale rather than use.","es":""},"common_error":{"fr":"","en":"Classifying an asset still in use because management may sell it one day.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Its carrying amount will keep being recovered through use, with a sale being just one option among others.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer describes the opposite case: if continuing use remains the main way of recovery, the asset is not classified as held for sale. Rule to remember: Classification rests on the main way of recovering the carrying amount: sale rather than use (IFRS 5, para. 6).","es":""}},{"id":"B","text":{"fr":"","en":"Its carrying amount will be recovered principally through a sale rather than through continuing use.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The entity has put the disposal of the asset on the agenda of an upcoming board meeting.","es":""},"correct":false,"feedback":{"fr":"","en":"A mere prospect of decision is not enough: classification rests on how the carrying amount is recovered, not on a meeting calendar. Rule to remember: Classification rests on the main way of recovering the carrying amount: sale rather than use (IFRS 5, para. 6).","es":""}},{"id":"D","text":{"fr":"","en":"Its fair value has exceeded its carrying amount since the last closing.","es":""},"correct":false,"feedback":{"fr":"","en":"Comparing fair value and carrying amount concerns measurement, not the classification principle; an asset can be worth more than its carrying amount without being meant for sale. Rule to remember: Classification rests on the main way of recovering the carrying amount: sale rather than use (IFRS 5, para. 6).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000009","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.RECOVERY_THROUGH_SALE"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000009","tested_point":"QST.IFRS5.000009","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-principle"},"references":["IFRS 5 §6"],"exercise":{"prompt":{"fr":"","en":"Valdor operates a warehouse still used every day in its business. Management says it might sell it one day if a good offer came up, with no plan or action under way. What is the appropriate classification at closing?","es":""},"explanation":{"fr":"","en":"The warehouse is still used in the business and no sale is under way: its carrying amount is recovered through use rather than principally through a sale, so classification is not justified (IFRS 5, para. 6). Trap: classifying an asset because management may sell it one day. Rule to remember: An asset still in use, with no sale plan under way, stays classified according to its use.","es":""},"common_error":{"fr":"","en":"Classifying an asset still in use because management may sell it one day.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It classifies it as held for sale, on the ground that a sale is contemplated and management does not rule out closing it.","es":""},"correct":false,"feedback":{"fr":"","en":"A possible intention to sell is not enough: the warehouse is used and its carrying amount is recovered through use, so classification is not justified. Rule to remember: An asset still in use, with no sale plan under way, stays classified according to its use (IFRS 5, para. 6).","es":""}},{"id":"B","text":{"fr":"","en":"It classifies it as held for sale, because the warehouse's fair value now exceeds its carrying amount.","es":""},"correct":false,"feedback":{"fr":"","en":"A favourable gap between fair value and carrying amount says nothing about the way of recovery; classification requires recovery principally through a sale. Rule to remember: An asset still in use, with no sale plan under way, stays classified according to its use (IFRS 5, para. 6).","es":""}},{"id":"C","text":{"fr":"","en":"It keeps the warehouse in its fixed assets, its carrying amount still being recovered through use.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"It records it as a discontinued operation, on the ground that a sale is possible in time.","es":""},"correct":false,"feedback":{"fr":"","en":"A discontinued operation requires a component that has been disposed of or classified as held for sale; no classification is justified here, so nothing is presented as a discontinued operation. Rule to remember: An asset still in use, with no sale plan under way, stays classified according to its use (IFRS 5, para. 6).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000010","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.AVAILABLE_FOR_IMMEDIATE_SALE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000010","tested_point":"QST.IFRS5.000010","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-available"},"references":["IFRS 5 §7"],"exercise":{"prompt":{"fr":"","en":"An asset can be judged available for immediate sale only if a buyer has already been identified.","es":""},"explanation":{"fr":"","en":"The availability criterion requires that the asset can be sold immediately in its present condition, subject only to terms that are usual and customary for such sales; the standard does not require a buyer to have been identified already (IFRS 5, para. 7). Trap: adding a requirement of an identified buyer that the criterion does not contain. Rule to remember: An asset is available for immediate sale if it can be sold in its present condition, subject to terms usual for such sales.","es":""},"common_error":{"fr":"","en":"Requiring a buyer to be already identified before judging the asset available.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000012","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HIGHLY_PROBABLE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000012","tested_point":"QST.IFRS5.000012","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Which of these items is one of those showing that a sale is highly probable?","es":""},"explanation":{"fr":"","en":"A highly probable sale notably requires that management, at the appropriate level, be committed to a plan, that an active programme to locate a buyer be initiated, that the asset be offered at a reasonable price, that the sale be expected within one year and that significant changes to the plan be unlikely (IFRS 5, para. 8). Trap: looking for a likelihood percentage required by the standard. Rule to remember: Highly probable rests on a set of items assessed with judgement, with no numeric threshold imposed.","es":""},"common_error":{"fr":"","en":"Presenting a likelihood percentage as required by the standard.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The standard sets a minimum percentage of likelihood that the entity must reach.","es":""},"correct":false,"feedback":{"fr":"","en":"No percentage is imposed: highly probable is a judgement based on several items, not on a numeric threshold. Rule to remember: Highly probable rests on a set of items assessed with judgement, with no numeric threshold imposed (IFRS 5, para. 8).","es":""}},{"id":"B","text":{"fr":"","en":"A deposit has already been received from a buyer.","es":""},"correct":false,"feedback":{"fr":"","en":"A deposit may go with a sale but is not one of the listed items; the judgement rests on commitment, active programme, price, timing and stability of the plan. Rule to remember: Highly probable rests on a set of items assessed with judgement, with no numeric threshold imposed (IFRS 5, para. 8).","es":""}},{"id":"C","text":{"fr":"","en":"The asset was fully depreciated before the decision to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"The degree of depreciation of the asset plays no part in whether a sale is highly probable. Rule to remember: Highly probable rests on a set of items assessed with judgement, with no numeric threshold imposed (IFRS 5, para. 8).","es":""}},{"id":"D","text":{"fr":"","en":"Management, at the appropriate level, is committed to a plan to sell the asset.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000013","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HIGHLY_PROBABLE"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000013","tested_point":"QST.IFRS5.000013","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Four statements concern the assessment of whether a sale is highly probable. Which one is wrong?","es":""},"explanation":{"fr":"","en":"Whether a sale is highly probable is assessed on several items: management commitment, active programme, reasonable price, one-year timing, unlikely changes to the plan; no numeric threshold is imposed, it is a judgement (IFRS 5, para. 8). Trap: believing that a likelihood percentage is enough or required. Rule to remember: Professional judgement: whether a sale is highly probable is assessed on a set of items, never on an imposed numeric threshold.","es":""},"common_error":{"fr":"","en":"Presenting a likelihood percentage as required by the standard.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The sale is highly probable as soon as management puts its likelihood above a percentage set by the standard.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"An active programme to locate a buyer must have been initiated.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: initiating an active programme to locate a buyer is one of the items taken into account. The error lies elsewhere. Rule to remember: Professional judgement: whether a sale is highly probable is assessed on a set of items, never on an imposed numeric threshold (IFRS 5, para. 8).","es":""}},{"id":"C","text":{"fr":"","en":"The asset must be offered at a reasonable price in relation to its fair value.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: a reasonable price in relation to fair value is one of the items taken into account. The error lies elsewhere. Rule to remember: Professional judgement: whether a sale is highly probable is assessed on a set of items, never on an imposed numeric threshold (IFRS 5, para. 8).","es":""}},{"id":"D","text":{"fr":"","en":"Significant changes to the sale plan must be unlikely.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the stability of the plan is one of the items taken into account. The error lies elsewhere. Rule to remember: Professional judgement: whether a sale is highly probable is assessed on a set of items, never on an imposed numeric threshold (IFRS 5, para. 8).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000014","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.MARKETING_PRICE_PLAN_CHANGES"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000014","tested_point":"QST.IFRS5.000014","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"Brenan has offered a plant for sale for several months at a price far above any reasonable estimate of its fair value, and no offer has come in. Case assumption: the other elements of the plan are in place. Which conclusion is consistent with the price criterion?","es":""},"explanation":{"fr":"","en":"One of the items is that the asset be offered at a reasonable price in relation to its fair value; a price far above any reasonable estimate does not meet it, so the sale cannot be judged highly probable (IFRS 5, para. 8). Trap: considering that putting the asset on the market is enough without looking at the asking price. Rule to remember: The asking price must be reasonable in relation to fair value for the sale to be judged highly probable.","es":""},"common_error":{"fr":"","en":"Taking a price far from fair value as evidence of a reasonable price.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The criterion is met, because the plant has actually been offered for sale for several months to potential buyers.","es":""},"correct":false,"feedback":{"fr":"","en":"Offering the asset is not enough: the criterion concerns a reasonable price in relation to fair value, and this price is far above any reasonable estimate. Rule to remember: The asking price must be reasonable in relation to fair value for the sale to be judged highly probable (IFRS 5, para. 8).","es":""}},{"id":"B","text":{"fr":"","en":"The criterion of a reasonable price in relation to fair value is not met: the sale cannot be judged highly probable.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The criterion is met as soon as management has itself chosen the price, which reflects its view of value.","es":""},"correct":false,"feedback":{"fr":"","en":"The price set by management does not replace the reference to fair value; it must be reasonable in relation to it. Rule to remember: The asking price must be reasonable in relation to fair value for the sale to be judged highly probable (IFRS 5, para. 8).","es":""}},{"id":"D","text":{"fr":"","en":"The asking price has no bearing once management has launched a programme to locate a buyer.","es":""},"correct":false,"feedback":{"fr":"","en":"The price is one of the items taken into account alongside the programme to locate a buyer; an active programme does not remove the price criterion. Rule to remember: The asking price must be reasonable in relation to fair value for the sale to be judged highly probable (IFRS 5, para. 8).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000016","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ONE_YEAR_EXPECTATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000016","tested_point":"QST.IFRS5.000016","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"The expectation that the sale will be completed within one year is one of the items used to judge that a sale is highly probable.","es":""},"explanation":{"fr":"","en":"Among the items used to judge a sale highly probable is the expectation that the sale will be completed within one year (IFRS 5, para. 8). Trap: treating the one-year period as a detail unrelated to whether the sale is highly probable. Rule to remember: The sale must be expected within one year to be judged highly probable.","es":""},"common_error":{"fr":"","en":"Equating the one-year period with a likelihood threshold or with the closing date.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000017","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ONE_YEAR_EXPECTATION"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000017","tested_point":"QST.IFRS5.000017","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000002","section_id":"rule-probable"},"references":["IFRS 5 §8"],"exercise":{"prompt":{"fr":"","en":"On 30 September, Telmar meets all the items of a plan to sell an industrial site. The sale is expected in May of the following year, i.e. after the 31 December closing but within one year. Which conclusion is consistent with the timing item?","es":""},"explanation":{"fr":"","en":"The period expected for the sale is one year; it is not the same as the closing date or a likelihood threshold, and a sale planned for May of the next year stays within one year (IFRS 5, para. 8). Trap: reading the one-year period as an obligation to sell before the closing. Rule to remember: The timing item requires a sale expected within one year, whatever the closing date.","es":""},"common_error":{"fr":"","en":"Equating the one-year period with a likelihood threshold or with the closing date.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The timing item is met: a sale expected within one year may take place after the closing.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The timing item requires the sale to be completed before the 31 December closing.","es":""},"correct":false,"feedback":{"fr":"","en":"The one-year period is not the same as the closing date: a sale expected after the closing can still be within one year. Rule to remember: The timing item requires a sale expected within one year, whatever the closing date (IFRS 5, para. 8).","es":""}},{"id":"C","text":{"fr":"","en":"The timing item is the same as a likelihood threshold management must reach.","es":""},"correct":false,"feedback":{"fr":"","en":"The period is a calendar expectation; likelihood is a judgement on all the items, with no numeric threshold. Rule to remember: The timing item requires a sale expected within one year, whatever the closing date (IFRS 5, para. 8).","es":""}},{"id":"D","text":{"fr":"","en":"The timing item is assessed at the signing of the sale contract, not at the date of classification.","es":""},"correct":false,"feedback":{"fr":"","en":"The plan is assessed at the date of classification, while contract signing is a later event; moving the assessment to signing delays classification wrongly. Rule to remember: The timing item requires a sale expected within one year, whatever the closing date (IFRS 5, para. 8).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000018","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.EXTENSION_BEYOND_CONTROL"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000018","tested_point":"QST.IFRS5.000018","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-extension"},"references":["IFRS 5 §9"],"exercise":{"prompt":{"fr":"","en":"Orvane classified a site as held for sale in March. Fourteen months later the sale has not closed because the competition authority has not yet ruled on the buyer. Orvane kept up its efforts and has not changed its plan. Which conclusion is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"A period to complete the sale longer than one year does not prevent classification if the delay is caused by events or circumstances beyond the entity's control and the entity remains committed to its plan (IFRS 5, para. 9). Here, the competition authority's decision is outside the entity's control. Trap: maintaining classification as soon as a delay appears, without examining its cause. Rule to remember: Professional judgement: exceeding the one-year period does not end classification if the cause is beyond the entity's control and the entity remains committed to its plan.","es":""},"common_error":{"fr":"","en":"Maintaining classification as soon as a delay appears, without examining its cause.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Classification must cease, since the one-year period is exceeded, with no need to examine the cause of the delay.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer applies the one-year period as an absolute limit; yet a delay due to an outside authority's decision, with the plan maintained, does not make it fatal. Rule to remember: Professional judgement: exceeding the one-year period does not end classification if the cause is beyond the entity's control and the entity remains committed to its plan (IFRS 5, para. 9).","es":""}},{"id":"B","text":{"fr":"","en":"Classification may be maintained: the delay stems from an outside event and the entity remains committed to its plan.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Classification is maintained without examining the cause of the delay, for as long as the site has not been sold to the buyer.","es":""},"correct":false,"feedback":{"fr":"","en":"Maintenance is not presumed: it requires the cause of the delay to be outside the entity's control and the entity to remain committed to its plan. Rule to remember: Professional judgement: exceeding the one-year period does not end classification if the cause is beyond the entity's control and the entity remains committed to its plan (IFRS 5, para. 9).","es":""}},{"id":"D","text":{"fr":"","en":"Classification is maintained provided the asking price is lowered to speed up the closing of the sale.","es":""},"correct":false,"feedback":{"fr":"","en":"No price revision is required to maintain classification; the condition concerns the origin of the delay and the entity's commitment. Rule to remember: Professional judgement: exceeding the one-year period does not end classification if the cause is beyond the entity's control and the entity remains committed to its plan (IFRS 5, para. 9).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000019","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.LOSS_OF_CONTROL_SUBSIDIARY"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000019","tested_point":"QST.IFRS5.000019","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-subsidiary"},"references":["IFRS 5 §8A"],"exercise":{"prompt":{"fr":"","en":"A parent commits to a plan to sell 60% of its subsidiary, which would make it lose control while keeping an interest. The classification criteria are met. What does it classify as held for sale?","es":""},"explanation":{"fr":"","en":"When a sale plan involves loss of control of a subsidiary, all its assets and liabilities are classified as held for sale once the criteria are met, even if a non-controlling interest is retained (IFRS 5, para. 8A). Trap: classifying only the share sold of the subsidiary's assets. Rule to remember: A plan involving loss of control makes all the subsidiary's assets and liabilities classified, even if an interest is retained.","es":""},"common_error":{"fr":"","en":"Classifying only the share sold of the subsidiary's assets.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The 60% share of the subsidiary's assets and liabilities, corresponding to the part that will be sold.","es":""},"correct":false,"feedback":{"fr":"","en":"Classification is not limited to the share sold: it covers all the subsidiary's assets and liabilities when the plan involves loss of control. Rule to remember: A plan involving loss of control makes all the subsidiary's assets and liabilities classified, even if an interest is retained (IFRS 5, para. 8A).","es":""}},{"id":"B","text":{"fr":"","en":"Nothing is classified before control of the subsidiary is actually lost by the parent.","es":""},"correct":false,"feedback":{"fr":"","en":"Classification takes place as soon as the criteria are met, before control is actually lost; waiting for that loss means classifying too late. Rule to remember: A plan involving loss of control makes all the subsidiary's assets and liabilities classified, even if an interest is retained (IFRS 5, para. 8A).","es":""}},{"id":"C","text":{"fr":"","en":"All the assets and liabilities of the subsidiary, even with a non-controlling interest retained.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The non-current assets of the subsidiary, its liabilities staying in the parent's consolidated balance sheet.","es":""},"correct":false,"feedback":{"fr":"","en":"The subsidiary's liabilities follow its assets into the disposal group; leaving them aside breaks the unity of the group. Rule to remember: A plan involving loss of control makes all the subsidiary's assets and liabilities classified, even if an interest is retained (IFRS 5, para. 8A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000020","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ACQUIRED_FOR_RESALE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000020","tested_point":"QST.IFRS5.000020","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-acquired"},"references":["IFRS 5 §11"],"exercise":{"prompt":{"fr":"","en":"An entity acquires an asset exclusively with a view to resale. Which statement is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"For an asset acquired exclusively with a view to subsequent disposal, the criterion of a sale expected within one year is assessed from acquisition (IFRS 5, para. 11). Trap: classifying at acquisition without checking the one-year period or availability. Rule to remember: An asset acquired for resale is tested against the classification criteria, one-year period included, from acquisition.","es":""},"common_error":{"fr":"","en":"Classifying at acquisition without checking the one-year period or availability.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Classification is automatic at acquisition, with no examination of the one-year period or of availability.","es":""},"correct":false,"feedback":{"fr":"","en":"Classification is not automatic: the criteria, including the one-year period and availability, still have to be checked from acquisition. Rule to remember: An asset acquired for resale is tested against the classification criteria, one-year period included, from acquisition (IFRS 5, para. 11).","es":""}},{"id":"B","text":{"fr":"","en":"Classification is impossible until the asset has been held for a minimum period.","es":""},"correct":false,"feedback":{"fr":"","en":"No minimum holding period is required; the period is assessed from acquisition. Rule to remember: An asset acquired for resale is tested against the classification criteria, one-year period included, from acquisition (IFRS 5, para. 11).","es":""}},{"id":"C","text":{"fr":"","en":"The one-year criterion does not apply to an acquired asset.","es":""},"correct":false,"feedback":{"fr":"","en":"The one-year period also applies to an asset acquired for resale, assessed from acquisition. Rule to remember: An asset acquired for resale is tested against the classification criteria, one-year period included, from acquisition (IFRS 5, para. 11).","es":""}},{"id":"D","text":{"fr":"","en":"The criterion of a sale expected within one year is assessed from the acquisition of the asset.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000021","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.AFTER_REPORTING_PERIOD"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000021","tested_point":"QST.IFRS5.000021","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-after-period"},"references":["IFRS 5 §12"],"exercise":{"prompt":{"fr":"","en":"On 31 December, Sarlen is still using a workshop. On 15 February, before the accounts are finalised, its board approves a sale plan and all the classification criteria are then met. Which treatment is consistent with IFRS 5 for the 31 December accounts?","es":""},"explanation":{"fr":"","en":"When the classification criteria are met after the reporting period, the asset is not classified as held for sale at the closing and the information is given in the notes (IFRS 5, para. 12). Trap: classifying at the closing an asset whose criteria are met after it. Rule to remember: Criteria met after the closing lead to no classification at the closing, but a mention in the notes.","es":""},"common_error":{"fr":"","en":"Classifying at the closing an asset whose criteria are met after it.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The workshop is not classified as held for sale at the closing, and the situation is mentioned in the notes.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The workshop is classified as held for sale at 31 December, because the plan was approved before the accounts were finalised.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer takes classification back to a date when the criteria were not met; they are met only after the closing. Rule to remember: Criteria met after the closing lead to no classification at the closing, but a mention in the notes (IFRS 5, para. 12).","es":""}},{"id":"C","text":{"fr":"","en":"The 31 December accounts are adjusted to classify the workshop, the board's decision being treated as an adjusting event after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"The board's decision, taken after the closing, does not lead to adjusting the 31 December accounts to classify the workshop: at the closing, the criteria are not met. Rule to remember: Criteria met after the closing lead to no classification at the closing, but a mention in the notes (IFRS 5, para. 12).","es":""}},{"id":"D","text":{"fr":"","en":"The workshop is not classified and the absence of classification removes any need for disclosure, since it stays in fixed assets.","es":""},"correct":false,"feedback":{"fr":"","en":"Not classifying at the closing does not remove the disclosure: criteria met after the closing are mentioned in the notes. Rule to remember: Criteria met after the closing lead to no classification at the closing, but a mention in the notes (IFRS 5, para. 12).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000022","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.HELD_FOR_DISTRIBUTION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000022","tested_point":"QST.IFRS5.000022","difficulty":"ADVANCED","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-distribution"},"references":["IFRS 5 §12A"],"exercise":{"prompt":{"fr":"","en":"To classify an asset as held for distribution to owners, the entity does not have to be committed to the distribution: it is enough that it contemplates it.","es":""},"explanation":{"fr":"","en":"Classification as held for distribution to owners requires the entity to be committed to distribute, with availability and likelihood criteria adapted to that commitment towards the owners (IFRS 5, para. 12A). Trap: applying the sale criteria without adapting the commitment towards the owners. Rule to remember: Classification as held for distribution requires the entity to be committed to distributing the asset to owners.","es":""},"common_error":{"fr":"","en":"Applying the sale criteria without adapting the commitment towards the owners.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000023","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.ABANDONED_ASSETS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000023","tested_point":"QST.IFRS5.000023","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-abandoned"},"references":["IFRS 5 §13"],"exercise":{"prompt":{"fr":"","en":"An asset that the entity plans to abandon at the end of its use is classified as held for sale as soon as the decision to abandon is taken.","es":""},"explanation":{"fr":"","en":"An asset to be abandoned is not classified as held for sale, because its carrying amount is recovered through use until abandonment (IFRS 5, para. 13). Trap: classifying as held for sale an asset used until the end of its life. Rule to remember: An asset to be abandoned is not held for sale: its carrying amount is recovered through use.","es":""},"common_error":{"fr":"","en":"Classifying as held for sale an asset used until the end of its life.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000024","standard_id":"IFRS5","concept_ids":["IFRS5.CLASSIFICATION.TEMPORARILY_OUT_OF_USE"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000024","tested_point":"QST.IFRS5.000024","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000003","section_id":"rule-temporary"},"references":["IFRS 5 §14"],"exercise":{"prompt":{"fr":"","en":"Four statements concern an asset temporarily taken out of service. Which one is wrong?","es":""},"explanation":{"fr":"","en":"An asset temporarily taken out of service is not treated as abandoned (IFRS 5, para. 14). Trap: treating a temporary stop as an abandonment. Rule to remember: An asset temporarily taken out of service is not treated as an abandoned asset.","es":""},"common_error":{"fr":"","en":"Treating a temporary stop as an abandonment.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A temporary stop in operation does not make the asset an abandoned asset.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: a temporary stop does not make the asset an abandoned asset. The error lies elsewhere. Rule to remember: An asset temporarily taken out of service is not treated as an abandoned asset (IFRS 5, para. 14).","es":""}},{"id":"B","text":{"fr":"","en":"An asset temporarily taken out of service is treated as an abandoned asset.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"To tell a temporary stop from an abandonment, one looks at whether the asset stops serving for good or is merely halted for a time.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: it is the temporary or permanent nature of the stop that separates the two situations. The error lies elsewhere. Rule to remember: An asset temporarily taken out of service is not treated as an abandoned asset (IFRS 5, para. 14).","es":""}},{"id":"D","text":{"fr":"","en":"A plant shut down during works is not, for that reason alone, treated as abandoned.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: an interruption for works is temporary and does not amount to abandonment. The error lies elsewhere. Rule to remember: An asset temporarily taken out of service is not treated as an abandoned asset (IFRS 5, para. 14).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000025","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LOWER_OF"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000025","tested_point":"QST.IFRS5.000025","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-lower"},"references":["IFRS 5 §15"],"exercise":{"prompt":{"fr":"","en":"At what amount is an asset classified as held for sale measured?","es":""},"explanation":{"fr":"","en":"An asset or group held for sale is measured at the lower of its carrying amount (measured under paragraph 18 immediately before reclassification) and its fair value less costs to sell (IFRS 5, para. 15). Trap: comparing the carrying amount with gross fair value, without deducting costs to sell. Rule to remember: An asset held for sale is measured at the lower of carrying amount and fair value less costs to sell.","es":""},"common_error":{"fr":"","en":"Comparing the carrying amount with gross fair value, without deducting costs to sell.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"At the higher of its carrying amount and its fair value less costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"Taking the higher of the two amounts inverts the rule: the asset is not valued above the lower amount. Rule to remember: An asset held for sale is measured at the lower of carrying amount and fair value less costs to sell (IFRS 5, para. 15).","es":""}},{"id":"B","text":{"fr":"","en":"At the lower of its carrying amount and its fair value, without deducting costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"Comparing the carrying amount with gross fair value forgets the deduction of costs to sell, which is part of the measure compared. Rule to remember: An asset held for sale is measured at the lower of carrying amount and fair value less costs to sell (IFRS 5, para. 15).","es":""}},{"id":"C","text":{"fr":"","en":"At its carrying amount before classification, which stays unchanged until the disposal.","es":""},"correct":false,"feedback":{"fr":"","en":"The carrying amount before classification is the starting point of the comparison, not the final measurement: it is brought down to net fair value if that is lower. Rule to remember: An asset held for sale is measured at the lower of carrying amount and fair value less costs to sell (IFRS 5, para. 15).","es":""}},{"id":"D","text":{"fr":"","en":"At the lower of its carrying amount and its fair value less costs to sell.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000026","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LOWER_OF"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000026","tested_point":"QST.IFRS5.000026","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-lower"},"references":["IFRS 5 §15"],"exercise":{"prompt":{"fr":"","en":"On 30 June, Maren classifies a press as held for sale. Its carrying amount, after updating depreciation, is {carrying_amount}. Case assumption: its fair value is {fair_value} and the costs to sell are estimated at {costs_to_sell}. Calculate the fair value less costs to sell, then the amount at which the press is measured.","es":""},"explanation":{"fr":"","en":"Approach: fair value less costs to sell = 470,000 − 20,000 = 450,000; the lower of 420,000 (carrying amount) and 450,000 is 420,000, so the press stays measured at 420,000 and no loss is recognised (IFRS 5, para. 15). Trap: booking a loss as soon as gross fair value differs from carrying amount, or forgetting that the carrying amount is already the lower. Rule to remember: The measured amount is the lower of carrying amount and fair value less costs to sell; with no unfavourable gap, no loss arises.","es":""},"common_error":{"fr":"","en":"Comparing the carrying amount with gross fair value, without deducting costs to sell.","es":""},"format":"CALCULATION","placeholders":[{"id":"carrying_amount","value":"420000","unit":"EUR"},{"id":"fair_value","value":"470000","unit":"EUR"},{"id":"costs_to_sell","value":"20000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Carrying amount after updating depreciation","es":""},"value":"420000","unit":"EUR"},{"label":{"fr":"","en":"Fair value (case datum)","es":""},"value":"470000","unit":"EUR"},{"label":{"fr":"","en":"Estimated costs to sell","es":""},"value":"20000","unit":"EUR"}],"steps":[{"id":"FAIR_VALUE_LESS_COSTS_TO_SELL","label":{"fr":"","en":"Fair value less costs to sell","es":""},"answer":450000,"tolerance":1,"unit":"EUR"},{"id":"MEASURED_AMOUNT","label":{"fr":"","en":"Amount at which the press is measured","es":""},"answer":420000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"FAIR_VALUE_LESS_COSTS_TO_SELL","meaning":{"fr":"","en":"Fair value less costs to sell","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value (case datum)","es":""},"value":470000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Estimated costs to sell","es":""},"value":20000,"unit":"EUR"}],"result":450000,"unit":"EUR"}],"rationale":{"fr":"","en":"The measured amount is the lower of carrying amount and fair value less costs to sell; with no unfavourable gap, no loss arises.","es":""},"references":["REF.IFRS5.15"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000027","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LOWER_OF"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000027","tested_point":"QST.IFRS5.000027","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-lower"},"references":["IFRS 5 §15"],"exercise":{"prompt":{"fr":"","en":"A disposal group has a carrying amount of €1,200,000 after updating its items. Case assumption: its fair value is €1,250,000 and the costs to sell are €80,000. At what amount and with what effect is the group measured?","es":""},"explanation":{"fr":"","en":"Fair value less costs to sell: 1,250,000 − 80,000 = 1,170,000; this is below the carrying amount of 1,200,000, so the group is measured at 1,170,000 and the loss is 30,000 (IFRS 5, para. 15). Trap: comparing the carrying amount with gross fair value and concluding there is no loss. Rule to remember: The group is measured at the lower of its carrying amount and its fair value less costs to sell.","es":""},"common_error":{"fr":"","en":"Comparing the carrying amount with gross fair value, without deducting costs to sell.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"€1,200,000, with no loss, because fair value exceeds the carrying amount.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer compares the carrying amount with gross fair value; once costs to sell are deducted, the measure compared falls to €1,170,000, below the carrying amount. Rule to remember: The group is measured at the lower of its carrying amount and its fair value less costs to sell (IFRS 5, para. 15).","es":""}},{"id":"B","text":{"fr":"","en":"€1,250,000, with a gain of €50,000.","es":""},"correct":false,"feedback":{"fr":"","en":"Using gross fair value forgets the costs to sell and inverts the rule: a revaluation gain is not recognised that way. Rule to remember: The group is measured at the lower of its carrying amount and its fair value less costs to sell (IFRS 5, para. 15).","es":""}},{"id":"C","text":{"fr":"","en":"€1,170,000, with an impairment loss of €30,000.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"€1,330,000, fair value being increased by the costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"Costs to sell are deducted from fair value, not added to it; adding them gives an amount unrelated to the rule. Rule to remember: The group is measured at the lower of its carrying amount and its fair value less costs to sell (IFRS 5, para. 15).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000028","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.FAIR_VALUE_LESS_COSTS_TO_SELL"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000028","tested_point":"QST.IFRS5.000028","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5 §15","IFRS 5"],"exercise":{"prompt":{"fr":"","en":"Fair value less costs to sell is calculated by deducting from fair value the incremental costs directly attributable to the disposal.","es":""},"explanation":{"fr":"","en":"The measurement of an asset held for sale compares the carrying amount with fair value less costs to sell, those costs being the incremental costs directly attributable to the disposal, excluding finance costs and income tax (IFRS 5, paras. 15 and Appendix A). Trap: forgetting to deduct the costs to sell and comparing with gross fair value. Rule to remember: Fair value less costs to sell is obtained by deducting the costs to sell from fair value.","es":""},"common_error":{"fr":"","en":"Comparing the carrying amount with gross fair value, without deducting costs to sell.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000029","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.FAIR_VALUE_LESS_COSTS_TO_SELL"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000029","tested_point":"QST.IFRS5.000029","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5 §15"],"exercise":{"prompt":{"fr":"","en":"Dulac classifies a warehouse as held for sale. Case assumption: its fair value is {fair_value} and the costs to sell (agent's commission and deed fees) are estimated at {costs_to_sell}. Calculate fair value less costs to sell.","es":""},"explanation":{"fr":"","en":"Approach: fair value less costs to sell = 640,000 − 22,500 = 617,500 (IFRS 5, para. 15). Trap: stopping at gross fair value of 640,000. Rule to remember: Fair value less costs to sell is fair value minus the incremental costs of disposal; fair value is a case datum here.","es":""},"common_error":{"fr":"","en":"Comparing the carrying amount with gross fair value, without deducting costs to sell.","es":""},"format":"CALCULATION","placeholders":[{"id":"fair_value","value":"640000","unit":"EUR"},{"id":"costs_to_sell","value":"22500","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Fair value (case datum)","es":""},"value":"640000","unit":"EUR"},{"label":{"fr":"","en":"Estimated costs to sell","es":""},"value":"22500","unit":"EUR"}],"steps":[{"id":"FAIR_VALUE_LESS_COSTS_TO_SELL","label":{"fr":"","en":"Fair value less costs to sell","es":""},"answer":617500,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"FAIR_VALUE_LESS_COSTS_TO_SELL","meaning":{"fr":"","en":"Fair value less costs to sell","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value (case datum)","es":""},"value":640000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Estimated costs to sell","es":""},"value":22500,"unit":"EUR"}],"result":617500,"unit":"EUR","rationale":{"fr":"","en":"Approach: fair value less costs to sell = 640,000 − 22,500 = 617,500 (IFRS 5, para. 15).","es":""}}],"rationale":{"fr":"","en":"Fair value less costs to sell is fair value minus the incremental costs of disposal; fair value is a case datum here.","es":""},"references":["REF.IFRS5.15"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000031","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000031","tested_point":"QST.IFRS5.000031","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5"],"exercise":{"prompt":{"fr":"","en":"Which of these costs is part of the costs to sell of an asset held for sale?","es":""},"explanation":{"fr":"","en":"Costs to sell are the incremental costs directly attributable to the disposal, excluding finance costs and income tax (IFRS 5, Appendix A). Trap: including finance costs or tax in the costs to sell. Rule to remember: Costs to sell are the incremental costs directly attributable to the disposal, excluding finance costs and tax.","es":""},"common_error":{"fr":"","en":"Including finance costs or tax in the costs to sell.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The commission paid to the intermediary carrying out the disposal.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The interest on the loan that financed the acquisition of the asset.","es":""},"correct":false,"feedback":{"fr":"","en":"Finance costs are excluded from costs to sell: they are not attributable to the disposal itself. Rule to remember: Costs to sell are the incremental costs directly attributable to the disposal, excluding finance costs and tax (IFRS 5, Appendix A).","es":""}},{"id":"C","text":{"fr":"","en":"The income tax due on the gain from the disposal.","es":""},"correct":false,"feedback":{"fr":"","en":"Income tax is excluded from costs to sell and follows its own treatment. Rule to remember: Costs to sell are the incremental costs directly attributable to the disposal, excluding finance costs and tax (IFRS 5, Appendix A).","es":""}},{"id":"D","text":{"fr":"","en":"The usual running costs of the business that used the asset.","es":""},"correct":false,"feedback":{"fr":"","en":"Usual running costs are not attributable to the disposal: they would have been incurred without it, and are not incremental. Rule to remember: Costs to sell are the incremental costs directly attributable to the disposal, excluding finance costs and tax (IFRS 5, Appendix A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000032","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000032","tested_point":"QST.IFRS5.000032","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5"],"exercise":{"prompt":{"fr":"","en":"Verlin is preparing the disposal of a production line classified as held for sale. Costs linked to the transaction: intermediary's commission {commission}, legal fees for the disposal {legal_fees}, dismantling and transport to the buyer {removal_costs}, and interest on the loan that had financed the line {loan_interest}. Calculate the total costs to sell.","es":""},"explanation":{"fr":"","en":"Approach: only incremental costs directly attributable to the disposal count, excluding finance costs: 24,000 + 9,000 + 12,500 = 45,500; the interest of 6,000 is left out (IFRS 5, Appendix A). Trap: adding the loan interest, which is a finance cost. Rule to remember: Total costs to sell adds up the incremental costs of disposal and excludes finance costs and tax.","es":""},"common_error":{"fr":"","en":"Including finance costs or tax in the costs to sell.","es":""},"format":"CALCULATION","placeholders":[{"id":"commission","value":"24000","unit":"EUR"},{"id":"legal_fees","value":"9000","unit":"EUR"},{"id":"removal_costs","value":"12500","unit":"EUR"},{"id":"loan_interest","value":"6000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Intermediary's commission","es":""},"value":"24000","unit":"EUR"},{"label":{"fr":"","en":"Legal fees for the disposal","es":""},"value":"9000","unit":"EUR"},{"label":{"fr":"","en":"Dismantling and transport to the buyer","es":""},"value":"12500","unit":"EUR"},{"label":{"fr":"","en":"Interest on the loan that financed the line","es":""},"value":"6000","unit":"EUR"}],"steps":[{"id":"COSTS_TO_SELL_TOTAL","label":{"fr":"","en":"Total costs to sell","es":""},"answer":45500,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"COSTS_TO_SELL_TOTAL","meaning":{"fr":"","en":"Total costs to sell","es":""},"expression":"a + b + c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Intermediary's commission","es":""},"value":24000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Legal fees for the disposal","es":""},"value":9000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Dismantling and transport to the buyer","es":""},"value":12500,"unit":"EUR"}],"result":45500,"unit":"EUR"}],"rationale":{"fr":"","en":"Total costs to sell adds up the incremental costs of disposal and excludes finance costs and tax.","es":""},"references":["REF.IFRS5.A"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000033","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000033","tested_point":"QST.IFRS5.000033","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-fvlcts"},"references":["IFRS 5"],"exercise":{"prompt":{"fr":"","en":"Four statements are made about costs to sell. Which one is wrong?","es":""},"explanation":{"fr":"","en":"Costs to sell are the incremental costs directly attributable to the disposal, excluding finance costs and income tax (IFRS 5, Appendix A). Trap: attaching to the costs to sell the interest of the loan that financed the asset. Rule to remember: Finance costs and income tax are excluded from costs to sell.","es":""},"common_error":{"fr":"","en":"Including finance costs or tax in the costs to sell.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Costs to sell are incremental costs directly attributable to the disposal.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: it restates the definition of costs to sell. The error lies elsewhere. Rule to remember: Finance costs and income tax are excluded from costs to sell (IFRS 5, Appendix A).","es":""}},{"id":"B","text":{"fr":"","en":"Income tax is excluded from the costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: income tax is not part of the costs to sell. The error lies elsewhere. Rule to remember: Finance costs and income tax are excluded from costs to sell (IFRS 5, Appendix A).","es":""}},{"id":"C","text":{"fr":"","en":"When the asset was financed by a loan, the corresponding finance costs are part of the costs to sell.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Fees of a lawyer engaged specifically for the disposal of the asset are part of the costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: fees incurred for the disposal are incremental and directly attributable. The error lies elsewhere. Rule to remember: Finance costs and income tax are excluded from costs to sell (IFRS 5, Appendix A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000034","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL_DISCOUNTING"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000034","tested_point":"QST.IFRS5.000034","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-discounting"},"references":["IFRS 5 §17"],"exercise":{"prompt":{"fr":"","en":"A disposal is expected beyond one year and the costs to sell will be paid at that time. Which treatment is consistent with IFRS 5 as currently in force, before IFRS 18 applies?","es":""},"explanation":{"fr":"","en":"When the disposal is expected beyond one year, the costs to sell are discounted; the increase in their present value due to the passage of time is presented as a finance cost (IFRS 5, para. 17). Future requirement: with IFRS 18 (annual periods beginning on or after 1 January 2027), this increase will be classified within profit or loss under the requirements of IFRS 18. Trap: not discounting the costs of a disposal expected beyond one year. Rule to remember: Costs to sell of a disposal expected beyond one year are discounted, and the unwinding is a finance cost.","es":""},"common_error":{"fr":"","en":"Not discounting the costs of a disposal expected beyond one year.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The costs to sell are taken at their nominal amount, without discounting.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer ignores discounting, although the payment of the costs is more than a year away and the time value matters. Rule to remember: Costs to sell of a disposal expected beyond one year are discounted, and the unwinding is a finance cost (IFRS 5, para. 17).","es":""}},{"id":"B","text":{"fr":"","en":"The costs to sell are discounted, and the increase in their present value due to the passage of time is presented as a finance cost.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The costs to sell are discounted, and the unwinding increases the carrying amount of the asset.","es":""},"correct":false,"feedback":{"fr":"","en":"The unwinding is a finance cost, not an addition to the asset's value; adding it to the asset distorts the comparison with net fair value. Rule to remember: Costs to sell of a disposal expected beyond one year are discounted, and the unwinding is a finance cost (IFRS 5, para. 17).","es":""}},{"id":"D","text":{"fr":"","en":"The costs to sell are discounted, and the unwinding reduces the impairment loss already recognised.","es":""},"correct":false,"feedback":{"fr":"","en":"The unwinding does not correct the impairment loss: it is presented as a separate finance cost. Rule to remember: Costs to sell of a disposal expected beyond one year are discounted, and the unwinding is a finance cost (IFRS 5, para. 17).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000035","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.COSTS_TO_SELL_DISCOUNTING"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000035","tested_point":"QST.IFRS5.000035","difficulty":"EXPERT","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-discounting"},"references":["IFRS 5 §17"],"exercise":{"prompt":{"fr":"","en":"Havrin classifies a site as held for sale, but the disposal and the payment of the costs to sell, estimated at {costs_to_sell}, are expected in {years} years. Case assumption: the discount rate is {discount_rate}% a year. Calculate the present value of the costs to sell, rounded to the euro.","es":""},"explanation":{"fr":"","en":"Approach: 60,000 ÷ (1.05 × 1.05 × 1.05) = 60,000 ÷ 1.157625 = 51,830; this discounted amount, not 60,000, enters the calculation of fair value less costs to sell (IFRS 5, para. 17). Future requirement: with IFRS 18 (annual periods beginning on or after 1 January 2027), this increase will be classified within profit or loss under the requirements of IFRS 18. Trap: deducting the nominal amount of 60,000 although payment is several years away. Rule to remember: The costs of a disposal expected beyond one year are discounted at the rate given by the case; the later unwinding is a finance cost.","es":""},"common_error":{"fr":"","en":"Not discounting the costs of a disposal expected beyond one year.","es":""},"format":"CALCULATION","placeholders":[{"id":"costs_to_sell","value":"60000","unit":"EUR"},{"id":"discount_rate","value":"5","unit":"PERCENT"},{"id":"years","value":"3","unit":"YEARS"}],"data":[{"label":{"fr":"","en":"Estimated costs to sell (nominal amount)","es":""},"value":"60000","unit":"EUR"},{"label":{"fr":"","en":"Discount rate (case assumption)","es":""},"value":"5","unit":"PERCENT"},{"label":{"fr":"","en":"Time before payment","es":""},"value":"3","unit":"YEARS"}],"steps":[{"id":"PRESENT_VALUE_OF_COSTS","label":{"fr":"","en":"Present value of the costs to sell (rounded to the euro)","es":""},"answer":51830,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"PRESENT_VALUE_OF_COSTS","meaning":{"fr":"","en":"Present value of the costs to sell (rounded to the euro)","es":""},"expression":"a / ((1 + b) * (1 + b) * (1 + b))","variables":[{"symbol":"a","meaning":{"fr":"","en":"Estimated costs to sell (nominal amount)","es":""},"value":60000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Discount rate (case assumption)","es":""},"value":5,"unit":"PERCENT"}],"result":51830,"unit":"EUR"}],"rationale":{"fr":"","en":"The costs of a disposal expected beyond one year are discounted at the rate given by the case; the later unwinding is a finance cost.","es":""},"references":["REF.IFRS5.17"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000036","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NEWLY_ACQUIRED"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000036","tested_point":"QST.IFRS5.000036","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-newly"},"references":["IFRS 5 §16"],"exercise":{"prompt":{"fr":"","en":"As part of a business combination, Ostrel acquires a site that it classifies as held for sale from acquisition. Case assumption: its fair value at the acquisition date is {fair_value_at_acquisition} and the costs to sell are estimated at {costs_to_sell}. Calculate the amount of the initial measurement.","es":""},"explanation":{"fr":"","en":"Approach: an asset acquired in a business combination and classified from acquisition is measured at fair value less costs to sell on initial measurement: 1,800,000 − 54,000 = 1,746,000 (IFRS 5, para. 16). Trap: using the seller's carrying amount or gross fair value. Rule to remember: On initial measurement, an asset acquired in a business combination and classified from acquisition is measured at fair value less costs to sell.","es":""},"common_error":{"fr":"","en":"Measuring the asset at the seller's carrying amount.","es":""},"format":"CALCULATION","placeholders":[{"id":"fair_value_at_acquisition","value":"1800000","unit":"EUR"},{"id":"costs_to_sell","value":"54000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Fair value at the acquisition date (case datum)","es":""},"value":"1800000","unit":"EUR"},{"label":{"fr":"","en":"Estimated costs to sell","es":""},"value":"54000","unit":"EUR"}],"steps":[{"id":"INITIAL_AMOUNT","label":{"fr":"","en":"Amount of the initial measurement","es":""},"answer":1746000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"INITIAL_AMOUNT","meaning":{"fr":"","en":"Amount of the initial measurement","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value at the acquisition date (case datum)","es":""},"value":1800000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Estimated costs to sell","es":""},"value":54000,"unit":"EUR"}],"result":1746000,"unit":"EUR","rationale":{"fr":"","en":"Approach: an asset acquired in a business combination and classified from acquisition is measured at fair value less costs to sell on initial measurement: 1,800,000 − 54,000 = 1,746,000 (IFRS 5, para. 16).","es":""}}],"rationale":{"fr":"","en":"On initial measurement, an asset acquired in a business combination and classified from acquisition is measured at fair value less costs to sell.","es":""},"references":["REF.IFRS5.16"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000037","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NEWLY_ACQUIRED"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000037","tested_point":"QST.IFRS5.000037","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-newly"},"references":["IFRS 5 §16"],"exercise":{"prompt":{"fr":"","en":"Belcor acquires in a business combination a group of assets that it intends to resell and classifies as held for sale from acquisition. The seller carried it at €900,000. Case assumption: its fair value at the acquisition date is €1,000,000 and the costs to sell are €40,000. At what amount is it initially measured?","es":""},"explanation":{"fr":"","en":"The asset acquired in a business combination and classified as held for sale from acquisition is initially measured at fair value less costs to sell: 1,000,000 − 40,000 = 960,000 (IFRS 5, para. 16). Trap: starting from the seller's carrying amount instead of fair value at the acquisition date. Rule to remember: An asset acquired in a business combination and classified from acquisition is initially measured at fair value less costs to sell.","es":""},"common_error":{"fr":"","en":"Measuring the asset at the seller's carrying amount.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"€900,000, i.e. the seller's carrying amount.","es":""},"correct":false,"feedback":{"fr":"","en":"The seller's carrying amount is not the basis of the acquirer's initial measurement, which starts from fair value at the acquisition date. Rule to remember: An asset acquired in a business combination and classified from acquisition is initially measured at fair value less costs to sell (IFRS 5, para. 16).","es":""}},{"id":"B","text":{"fr":"","en":"€1,000,000, i.e. fair value without deducting costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer forgets to deduct the €40,000 costs to sell: initial measurement is a net fair value. Rule to remember: An asset acquired in a business combination and classified from acquisition is initially measured at fair value less costs to sell (IFRS 5, para. 16).","es":""}},{"id":"C","text":{"fr":"","en":"€1,040,000, i.e. fair value increased by the costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"Costs to sell are deducted from fair value; adding them gives an amount above fair value, unrelated to the rule. Rule to remember: An asset acquired in a business combination and classified from acquisition is initially measured at fair value less costs to sell (IFRS 5, para. 16).","es":""}},{"id":"D","text":{"fr":"","en":"€960,000, i.e. fair value less costs to sell.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000038","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REMEASURE_BEFORE_CLASSIFICATION"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000038","tested_point":"QST.IFRS5.000038","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-before"},"references":["IFRS 5 §18"],"exercise":{"prompt":{"fr":"","en":"Quentel acquired a machine at a cost of {cost}, with a residual value of {residual_value} and a useful life of {useful_life} years, depreciated on a straight-line basis. It classifies it as held for sale after {months_until_classification} months of use. Calculate accumulated depreciation at the classification date, then the carrying amount at that date (no impairment otherwise).","es":""},"explanation":{"fr":"","en":"Approach: depreciable amount = 800,000 − 200,000 = 600,000; accumulated depreciation = 600,000 × 42 ÷ 120 = 210,000; carrying amount = 800,000 − 210,000 = 590,000. This updated carrying amount is the basis of the comparison with fair value less costs to sell (IFRS 5, para. 18). Trap: comparing net fair value with a carrying amount that ignores the last months of depreciation. Rule to remember: Before classification, the asset is measured under the applicable standards, depreciation up to the classification date included; the carrying amount so obtained is then the basis.","es":""},"common_error":{"fr":"","en":"Comparing net fair value with a carrying amount that has not been updated.","es":""},"format":"CALCULATION","placeholders":[{"id":"cost","value":"800000","unit":"EUR"},{"id":"residual_value","value":"200000","unit":"EUR"},{"id":"useful_life","value":"10","unit":"YEARS"},{"id":"months_until_classification","value":"42","unit":"MONTHS"}],"data":[{"label":{"fr":"","en":"Cost of the machine","es":""},"value":"800000","unit":"EUR"},{"label":{"fr":"","en":"Residual value","es":""},"value":"200000","unit":"EUR"},{"label":{"fr":"","en":"Useful life","es":""},"value":"10","unit":"YEARS"},{"label":{"fr":"","en":"Months of use until classification","es":""},"value":"42","unit":"MONTHS"}],"steps":[{"id":"DEPRECIATION_TO_DATE","label":{"fr":"","en":"Accumulated depreciation at the classification date","es":""},"answer":210000,"tolerance":1,"unit":"EUR"},{"id":"CARRYING_AT_CLASSIFICATION","label":{"fr":"","en":"Carrying amount at the classification date","es":""},"answer":590000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"CARRYING_AT_CLASSIFICATION","meaning":{"fr":"","en":"Carrying amount at the classification date","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Cost of the machine","es":""},"value":800000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Accumulated depreciation at the classification date","es":""},"value":210000,"unit":"EUR"}],"result":590000,"unit":"EUR"}],"rationale":{"fr":"","en":"Before classification, the asset is measured under the applicable standards, depreciation up to the classification date included; the carrying amount so obtained is then the basis.","es":""},"references":["REF.IFRS5.18"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000040","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REMEASURE_BEFORE_CLASSIFICATION"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000040","tested_point":"QST.IFRS5.000040","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000004","section_id":"rule-before"},"references":["IFRS 5 §18"],"exercise":{"prompt":{"fr":"","en":"On 30 June, Pernal classifies a machine as held for sale. Its carrying amount at the last closing was €650,000; depreciation for the last months, not yet recognised, is €30,000. Case assumption: fair value less costs to sell is €635,000. Which conclusion is consistent?","es":""},"explanation":{"fr":"","en":"Before classification, the asset is measured under the applicable standards: the charge of 30,000 brings the carrying amount to 620,000; compared with 635,000, the lower of the two is 620,000, so there is no loss (IFRS 5, para. 18). Trap: comparing net fair value with a carrying amount that has not been updated. Rule to remember: First update the carrying amount (last charge included), then compare it with fair value less costs to sell.","es":""},"common_error":{"fr":"","en":"Comparing net fair value with a carrying amount that has not been updated.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A loss of €15,000 must be recognised, by comparing €650,000 with €635,000.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer compares net fair value with a carrying amount that ignores the last charge: at €620,000 the carrying amount is below €635,000 and there is no loss. Rule to remember: First update the carrying amount (last charge included), then compare it with fair value less costs to sell (IFRS 5, para. 18).","es":""}},{"id":"B","text":{"fr":"","en":"The updated carrying amount is €620,000, lower than €635,000: the machine is measured at €620,000 with no loss.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The machine is measured at €635,000, with a gain of €15,000.","es":""},"correct":false,"feedback":{"fr":"","en":"No gain arises here: measurement is at the lower of the two amounts, and the updated carrying amount is lower than net fair value. Rule to remember: First update the carrying amount (last charge included), then compare it with fair value less costs to sell (IFRS 5, para. 18).","es":""}},{"id":"D","text":{"fr":"","en":"The machine stays measured at €650,000, because classification freezes the carrying amount.","es":""},"correct":false,"feedback":{"fr":"","en":"Classification does not freeze an outdated carrying amount: prior measurement requires posting depreciation up to the classification date. Rule to remember: First update the carrying amount (last charge included), then compare it with fair value less costs to sell (IFRS 5, para. 18).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000041","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GROUP_REMEASUREMENT"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000041","tested_point":"QST.IFRS5.000041","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-remeasure"},"references":["IFRS 5 §19"],"exercise":{"prompt":{"fr":"","en":"On a subsequent remeasurement, the assets of a disposal group, once remeasured under the applicable standards, total {remeasured_assets} and its liabilities, also remeasured, total {remeasured_liabilities}. Calculate the carrying amount of the group that will be compared with fair value less costs to sell.","es":""},"explanation":{"fr":"","en":"Approach: the group's assets and liabilities are first remeasured under the applicable standards, then the group is measured as a whole; its carrying amount is 2,400,000 − 650,000 = 1,750,000 (IFRS 5, para. 19). Trap: retaining only the assets and forgetting the liabilities attached to the group. Rule to remember: The group's carrying amount takes into account the remeasured assets and liabilities before the comparison.","es":""},"common_error":{"fr":"","en":"Remeasuring the group's assets without dealing with the liabilities.","es":""},"format":"CALCULATION","placeholders":[{"id":"remeasured_assets","value":"2400000","unit":"EUR"},{"id":"remeasured_liabilities","value":"650000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Total remeasured assets of the group","es":""},"value":"2400000","unit":"EUR"},{"label":{"fr":"","en":"Total remeasured liabilities of the group","es":""},"value":"650000","unit":"EUR"}],"steps":[{"id":"GROUP_CARRYING_AMOUNT","label":{"fr":"","en":"Carrying amount of the group","es":""},"answer":1750000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"GROUP_CARRYING_AMOUNT","meaning":{"fr":"","en":"Carrying amount of the group","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Total remeasured assets of the group","es":""},"value":2400000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Total remeasured liabilities of the group","es":""},"value":650000,"unit":"EUR"}],"result":1750000,"unit":"EUR"}],"rationale":{"fr":"","en":"The group's carrying amount takes into account the remeasured assets and liabilities before the comparison.","es":""},"references":["REF.IFRS5.19"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000042","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GROUP_REMEASUREMENT"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000042","tested_point":"QST.IFRS5.000042","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-remeasure"},"references":["IFRS 5 §19"],"exercise":{"prompt":{"fr":"","en":"Four statements concern the prior remeasurement of a disposal group. Which one is wrong?","es":""},"explanation":{"fr":"","en":"On each subsequent remeasurement of the group, the group's assets and liabilities outside the measurement scope are first remeasured under the applicable standards, then the group is measured as a whole, liabilities included (IFRS 5, para. 19). Trap: remeasuring the group's assets without dealing with the liabilities. Rule to remember: The group's assets and liabilities are remeasured under the applicable standards before the group is measured as a whole.","es":""},"common_error":{"fr":"","en":"Remeasuring the group's assets without dealing with the liabilities.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The assets and liabilities outside the standard's measurement scope are first remeasured under the standards applicable to them.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: items outside the measurement scope first follow their own standard. The error lies elsewhere. Rule to remember: The group's assets and liabilities are remeasured under the applicable standards before the group is measured as a whole (IFRS 5, para. 19).","es":""}},{"id":"B","text":{"fr":"","en":"Once these items are remeasured, the group is measured as a whole.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the group's measurement comes after the remeasurement of its items. The error lies elsewhere. Rule to remember: The group's assets and liabilities are remeasured under the applicable standards before the group is measured as a whole (IFRS 5, para. 19).","es":""}},{"id":"C","text":{"fr":"","en":"The assets are remeasured before the comparison, but the group's liabilities are left at their last value.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The group's carrying amount used as the basis of comparison takes its liabilities into account.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the comparison basis is the group's carrying amount, liabilities included. The error lies elsewhere. Rule to remember: The group's assets and liabilities are remeasured under the applicable standards before the group is measured as a whole (IFRS 5, para. 19).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000043","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000043","tested_point":"QST.IFRS5.000043","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"rule-loss"},"references":["IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"Sovrel classifies a building as held for sale. Its carrying amount is {carrying_amount}. Case assumption: its fair value is {fair_value} and the costs to sell are estimated at {costs_to_sell}. Calculate the measured amount and the impairment loss to recognise.","es":""},"explanation":{"fr":"","en":"Approach: fair value less costs to sell = 470,000 − 18,000 = 452,000, below the carrying amount of 520,000; the building is measured at 452,000 and the impairment loss is 520,000 − 452,000 = 68,000, recognised in profit or loss (IFRS 5, para. 20). Trap: forgetting to deduct the costs to sell and computing a loss of 50,000 only. Rule to remember: An impairment loss is recognised in profit or loss down to fair value less costs to sell.","es":""},"common_error":{"fr":"","en":"Comparing the carrying amount with gross fair value, without deducting costs to sell.","es":""},"format":"CALCULATION","placeholders":[{"id":"carrying_amount","value":"520000","unit":"EUR"},{"id":"fair_value","value":"470000","unit":"EUR"},{"id":"costs_to_sell","value":"18000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Carrying amount","es":""},"value":"520000","unit":"EUR"},{"label":{"fr":"","en":"Fair value (case datum)","es":""},"value":"470000","unit":"EUR"},{"label":{"fr":"","en":"Estimated costs to sell","es":""},"value":"18000","unit":"EUR"}],"steps":[{"id":"MEASURED_AMOUNT","label":{"fr":"","en":"Measured amount","es":""},"answer":452000,"tolerance":1,"unit":"EUR"},{"id":"IMPAIRMENT_LOSS","label":{"fr":"","en":"Impairment loss to recognise","es":""},"answer":68000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"MEASURED_AMOUNT","meaning":{"fr":"","en":"Measured amount","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value (case datum)","es":""},"value":470000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Estimated costs to sell","es":""},"value":18000,"unit":"EUR"}],"result":452000,"unit":"EUR"},{"step":"IMPAIRMENT_LOSS","meaning":{"fr":"","en":"Impairment loss to recognise","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount","es":""},"value":520000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Measured amount","es":""},"value":452000,"unit":"EUR"}],"result":68000,"unit":"EUR","rationale":{"fr":"","en":"the building is measured at 452,000 and the impairment loss is 520,000 − 452,000 = 68,000, recognised in profit or loss (IFRS 5, para. 20).","es":""}}],"rationale":{"fr":"","en":"An impairment loss is recognised in profit or loss down to fair value less costs to sell.","es":""},"references":["REF.IFRS5.20"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000045","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000045","tested_point":"QST.IFRS5.000045","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"rule-loss"},"references":["IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"When an asset is brought down to its fair value less costs to sell, the impairment loss is recognised in profit or loss.","es":""},"explanation":{"fr":"","en":"An impairment loss is recognised in profit or loss for any initial or subsequent write-down to fair value less costs to sell (IFRS 5, para. 20). Trap: charging the loss directly to equity. Rule to remember: The loss down to fair value less costs to sell goes to profit or loss.","es":""},"common_error":{"fr":"","en":"Taking the loss directly to equity.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000046","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REVERSAL_LIMIT"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000046","tested_point":"QST.IFRS5.000046","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"rule-reversal"},"references":["IFRS 5 §22"],"exercise":{"prompt":{"fr":"","en":"Ivrane recognised last year a cumulative loss of {cumulative_loss} on a disposal group. This year, the group's fair value less costs to sell increases by {increase_in_fvlcts}. Calculate the gain to recognise and the part of the increase that is not recognised.","es":""},"explanation":{"fr":"","en":"Approach: the gain is limited to the cumulative loss recognised: the lower of 55,000 (increase) and 40,000 (cumulative loss) = 40,000; the part not recognised is 55,000 − 40,000 = 15,000 (IFRS 5, para. 22). Trap: recognising the whole increase of 55,000, beyond the loss already recognised. Rule to remember: The gain on a disposal group does not exceed the cumulative loss recognised.","es":""},"common_error":{"fr":"","en":"Reversing beyond the cumulative loss recognised.","es":""},"format":"CALCULATION","placeholders":[{"id":"cumulative_loss","value":"40000","unit":"EUR"},{"id":"increase_in_fvlcts","value":"55000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Cumulative loss recognised on the group","es":""},"value":"40000","unit":"EUR"},{"label":{"fr":"","en":"Increase in fair value less costs to sell","es":""},"value":"55000","unit":"EUR"}],"steps":[{"id":"REVERSAL_GAIN","label":{"fr":"","en":"Gain to recognise","es":""},"answer":40000,"tolerance":1,"unit":"EUR"},{"id":"EXCESS_NOT_RECOGNISED","label":{"fr":"","en":"Part of the increase not recognised","es":""},"answer":15000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"EXCESS_NOT_RECOGNISED","meaning":{"fr":"","en":"Part of the increase not recognised","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Increase in fair value less costs to sell","es":""},"value":55000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Cumulative loss recognised on the group","es":""},"value":40000,"unit":"EUR"}],"result":15000,"unit":"EUR"}],"rationale":{"fr":"","en":"The gain on a disposal group does not exceed the cumulative loss recognised.","es":""},"references":["REF.IFRS5.22"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000048","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.REVERSAL_LIMIT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000048","tested_point":"QST.IFRS5.000048","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"rule-reversal"},"references":["IFRS 5 §21"],"exercise":{"prompt":{"fr":"","en":"After an asset is classified as held for sale, its fair value less costs to sell increases. Within what limit is a gain recognised?","es":""},"explanation":{"fr":"","en":"A gain is recognised for any subsequent increase in the fair value less costs to sell of an asset, up to the cumulative loss recognised, under IFRS 5 or previously under IAS 36 (IFRS 5, para. 21). Trap: reversing beyond the cumulative loss recognised. Rule to remember: The reversal gain on a classified asset is limited to the cumulative loss recognised.","es":""},"common_error":{"fr":"","en":"Reversing beyond the cumulative loss recognised.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"For the whole increase, even beyond the cumulative loss already recognised on the asset.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer removes the cap: reversing beyond the cumulative loss would recognise a profit that the standard does not allow before the disposal. Rule to remember: The reversal gain on a classified asset is limited to the cumulative loss recognised (IFRS 5, para. 21).","es":""}},{"id":"B","text":{"fr":"","en":"Within the unrealised gain compared with the asset's original cost.","es":""},"correct":false,"feedback":{"fr":"","en":"Original cost is not the limit: the cap is the cumulative loss already recognised, not an unrealised gain. Rule to remember: The reversal gain on a classified asset is limited to the cumulative loss recognised (IFRS 5, para. 21).","es":""}},{"id":"C","text":{"fr":"","en":"The gain is deferred until the actual disposal of the asset, when it will be recognised.","es":""},"correct":false,"feedback":{"fr":"","en":"A gain is recognised before the disposal, within the cumulative loss; recognising nothing ignores the reversal rule. Rule to remember: The reversal gain on a classified asset is limited to the cumulative loss recognised (IFRS 5, para. 21).","es":""}},{"id":"D","text":{"fr":"","en":"Within the cumulative loss recognised on the asset (under IFRS 5 or previously under IAS 36).","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000049","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"CALCULATION","context":"V1_VG.IFRS5.000001","tested_point":"VG.IFRS5.000001","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-allocation"},"references":["IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"A disposal group of Hallen suffers an impairment loss of {group_loss}. Within the measurement scope it includes a machine ({machine}), a building ({building}) and a patent ({patent}), as well as a financial asset outside the measurement scope ({financial_asset}). Case convention: the group contains no goodwill and the loss is allocated pro rata to the carrying amounts of the assets within the measurement scope, with no floor per asset. Calculate the loss allocated to each of the three assets.","es":""},"explanation":{"fr":"","en":"Approach: the financial asset outside the scope is not reduced; allocation base = 300,000 + 500,000 + 200,000 = 1,000,000; machine: 90,000 × 300,000 ÷ 1,000,000 = 27,000; building: 90,000 × 500,000 ÷ 1,000,000 = 45,000; patent: 90,000 × 200,000 ÷ 1,000,000 = 18,000 (IFRS 5, para. 23). Trap: allocating part of the loss to the financial asset outside the measurement scope. Rule to remember: A group's loss is allocated to the non-current assets within the measurement scope, not to excluded assets or liabilities; here pro rata, under the case convention.","es":""},"common_error":{"fr":"","en":"Allocating part of the loss to a financial asset outside the measurement scope.","es":""},"format":"CALCULATION","placeholders":[{"id":"group_loss","value":"90000","unit":"EUR"},{"id":"machine","value":"300000","unit":"EUR"},{"id":"building","value":"500000","unit":"EUR"},{"id":"patent","value":"200000","unit":"EUR"},{"id":"financial_asset","value":"150000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Impairment loss of the group","es":""},"value":"90000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount of the machine","es":""},"value":"300000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount of the building","es":""},"value":"500000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount of the patent","es":""},"value":"200000","unit":"EUR"},{"label":{"fr":"","en":"Amount of the financial asset (outside the measurement scope)","es":""},"value":"150000","unit":"EUR"}],"steps":[{"id":"LOSS_MACHINE","label":{"fr":"","en":"Loss allocated to the machine","es":""},"answer":27000,"tolerance":1,"unit":"EUR"},{"id":"LOSS_BUILDING","label":{"fr":"","en":"Loss allocated to the building","es":""},"answer":45000,"tolerance":1,"unit":"EUR"},{"id":"LOSS_PATENT","label":{"fr":"","en":"Loss allocated to the patent","es":""},"answer":18000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"LOSS_MACHINE","meaning":{"fr":"","en":"Loss allocated to the machine","es":""},"expression":"a * b / (b + c + d)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Impairment loss of the group","es":""},"value":90000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Carrying amount of the machine","es":""},"value":300000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Carrying amount of the building","es":""},"value":500000,"unit":"EUR"},{"symbol":"d","meaning":{"fr":"","en":"Carrying amount of the patent","es":""},"value":200000,"unit":"EUR"}],"result":27000,"unit":"EUR"},{"step":"LOSS_BUILDING","meaning":{"fr":"","en":"Loss allocated to the building","es":""},"expression":"a * b / (c + b + d)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Impairment loss of the group","es":""},"value":90000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Carrying amount of the building","es":""},"value":500000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Carrying amount of the machine","es":""},"value":300000,"unit":"EUR"},{"symbol":"d","meaning":{"fr":"","en":"Carrying amount of the patent","es":""},"value":200000,"unit":"EUR"}],"result":45000,"unit":"EUR"},{"step":"LOSS_PATENT","meaning":{"fr":"","en":"Loss allocated to the patent","es":""},"expression":"a * b / (c + d + b)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Impairment loss of the group","es":""},"value":90000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Carrying amount of the patent","es":""},"value":200000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Carrying amount of the machine","es":""},"value":300000,"unit":"EUR"},{"symbol":"d","meaning":{"fr":"","en":"Carrying amount of the building","es":""},"value":500000,"unit":"EUR"}],"result":18000,"unit":"EUR"}],"rationale":{"fr":"","en":"A group's loss is allocated to the non-current assets within the measurement scope, not to excluded assets or liabilities; here pro rata, under the case convention.","es":""},"references":["REF.IFRS5.23"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000050","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.DISPOSAL_GROUP_ALLOCATION"],"dimension":"CALCULATION","context":"V1_VG.IFRS5.000001","tested_point":"VG.IFRS5.000001","difficulty":"EXPERT","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-allocation"},"references":["IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"Kerval classifies a disposal group and recognises a loss of {group_loss} after measuring the group. The group contains equipment ({equipment}) and software ({software}), both within the measurement scope, and a deferred tax asset ({deferred_tax_asset}) that is excluded from it. Case convention: no goodwill in the group, allocation pro rata to the carrying amounts of the assets in scope, with no floor. What loss is allocated to the equipment and to the software?","es":""},"explanation":{"fr":"","en":"Approach: the deferred tax asset, excluded from the scope, keeps its amount; base = 420,000 + 280,000 = 700,000; equipment: 126,000 × 420,000 ÷ 700,000 = 75,600; software: 126,000 × 280,000 ÷ 700,000 = 50,400; the total allocated equals the loss of 126,000 (IFRS 5, para. 23). Trap: including the deferred tax asset in the allocation base, which would dilute the loss. Rule to remember: The group's loss is spread over the assets within the measurement scope only; excluded assets keep their amount.","es":""},"common_error":{"fr":"","en":"Allocating part of the loss to a financial asset outside the measurement scope.","es":""},"format":"CALCULATION","placeholders":[{"id":"group_loss","value":"126000","unit":"EUR"},{"id":"equipment","value":"420000","unit":"EUR"},{"id":"software","value":"280000","unit":"EUR"},{"id":"deferred_tax_asset","value":"90000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Loss recognised on the group","es":""},"value":"126000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount of the equipment","es":""},"value":"420000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount of the software","es":""},"value":"280000","unit":"EUR"},{"label":{"fr":"","en":"Deferred tax asset (outside the measurement scope)","es":""},"value":"90000","unit":"EUR"}],"steps":[{"id":"LOSS_EQUIPMENT","label":{"fr":"","en":"Loss allocated to the equipment","es":""},"answer":75600,"tolerance":1,"unit":"EUR"},{"id":"LOSS_SOFTWARE","label":{"fr":"","en":"Loss allocated to the software","es":""},"answer":50400,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"LOSS_EQUIPMENT","meaning":{"fr":"","en":"Loss allocated to the equipment","es":""},"expression":"a * b / (b + c)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Loss recognised on the group","es":""},"value":126000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Carrying amount of the equipment","es":""},"value":420000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Carrying amount of the software","es":""},"value":280000,"unit":"EUR"}],"result":75600,"unit":"EUR"},{"step":"LOSS_SOFTWARE","meaning":{"fr":"","en":"Loss allocated to the software","es":""},"expression":"a * b / (c + b)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Loss recognised on the group","es":""},"value":126000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Carrying amount of the software","es":""},"value":280000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Carrying amount of the equipment","es":""},"value":420000,"unit":"EUR"}],"result":50400,"unit":"EUR"}],"rationale":{"fr":"","en":"The group's loss is spread over the assets within the measurement scope only; excluded assets keep their amount.","es":""},"references":["REF.IFRS5.23"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000053","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GAINS_LOSSES_ON_DISPOSAL"],"dimension":"CALCULATION","context":"V1_VG.IFRS5.000002","tested_point":"VG.IFRS5.000002","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-disposal"},"references":["IFRS 5 §24"],"exercise":{"prompt":{"fr":"","en":"Aubrel disposes of a building classified as held for sale and measured at {carrying_amount}. The sale price is {proceeds} and the costs to sell, paid at the disposal, are {costs_to_sell}. Calculate the gain on disposal recognised on derecognition.","es":""},"explanation":{"fr":"","en":"Approach: proceeds net of costs to sell = 515,000 − 15,000 = 500,000; gain = 500,000 − 480,000 = 20,000, recognised on derecognition of the asset (IFRS 5, para. 24). Trap: computing the gain on the gross price or recognising it before the actual disposal. Rule to remember: A gain or loss not previously recognised is recognised on derecognition of the asset, at the disposal.","es":""},"common_error":{"fr":"","en":"Recognising the gain on disposal before the actual disposal.","es":""},"format":"CALCULATION","placeholders":[{"id":"proceeds","value":"515000","unit":"EUR"},{"id":"costs_to_sell","value":"15000","unit":"EUR"},{"id":"carrying_amount","value":"480000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Sale price","es":""},"value":"515000","unit":"EUR"},{"label":{"fr":"","en":"Costs to sell paid","es":""},"value":"15000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount of the building (measured amount)","es":""},"value":"480000","unit":"EUR"}],"steps":[{"id":"GAIN_ON_DISPOSAL","label":{"fr":"","en":"Gain on disposal","es":""},"answer":20000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"GAIN_ON_DISPOSAL","meaning":{"fr":"","en":"Gain on disposal","es":""},"expression":"(a - b) - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Sale price","es":""},"value":515000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Costs to sell paid","es":""},"value":15000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Carrying amount of the building (measured amount)","es":""},"value":480000,"unit":"EUR"}],"result":20000,"unit":"EUR"}],"rationale":{"fr":"","en":"A gain or loss not previously recognised is recognised on derecognition of the asset, at the disposal.","es":""},"references":["REF.IFRS5.24"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000054","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.GAINS_LOSSES_ON_DISPOSAL"],"dimension":"CALCULATION","context":"V1_VG.IFRS5.000002","tested_point":"VG.IFRS5.000002","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-disposal"},"references":["IFRS 5 §24"],"exercise":{"prompt":{"fr":"","en":"A press classified as held for sale is carried at {carrying_amount} by Lorien. It is sold for {proceeds}, and {costs_to_sell} of costs to sell are paid on that occasion. Calculate the loss on disposal, expressed as a positive amount.","es":""},"explanation":{"fr":"","en":"Approach: net proceeds = 322,000 − 12,000 = 310,000; this is below the carrying amount of 340,000, hence a loss of 340,000 − 310,000 = 30,000, recognised on derecognition (IFRS 5, para. 24). Trap: forgetting to deduct the costs to sell and concluding on a loss of 18,000. Rule to remember: A gain or loss not previously recognised is recognised on derecognition, based on proceeds net of costs to sell.","es":""},"common_error":{"fr":"","en":"Recognising the gain on disposal before the actual disposal.","es":""},"format":"CALCULATION","placeholders":[{"id":"proceeds","value":"322000","unit":"EUR"},{"id":"costs_to_sell","value":"12000","unit":"EUR"},{"id":"carrying_amount","value":"340000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Sale price","es":""},"value":"322000","unit":"EUR"},{"label":{"fr":"","en":"Costs to sell paid","es":""},"value":"12000","unit":"EUR"},{"label":{"fr":"","en":"Carrying amount of the press","es":""},"value":"340000","unit":"EUR"}],"steps":[{"id":"LOSS_ON_DISPOSAL","label":{"fr":"","en":"Loss on disposal (positive amount)","es":""},"answer":30000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"LOSS_ON_DISPOSAL","meaning":{"fr":"","en":"Loss on disposal (positive amount)","es":""},"expression":"a - (b - c)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount of the press","es":""},"value":340000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Sale price","es":""},"value":322000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Costs to sell paid","es":""},"value":12000,"unit":"EUR"}],"result":30000,"unit":"EUR","rationale":{"fr":"","en":"this is below the carrying amount of 340,000, hence a loss of 340,000 − 310,000 = 30,000, recognised on derecognition (IFRS 5, para. 24).","es":""}}],"rationale":{"fr":"","en":"A gain or loss not previously recognised is recognised on derecognition, based on proceeds net of costs to sell.","es":""},"references":["REF.IFRS5.24"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000056","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NO_DEPRECIATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000056","tested_point":"QST.IFRS5.000056","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-no-dep"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"A non-current asset classified as held for sale continues to be depreciated until its disposal.","es":""},"explanation":{"fr":"","en":"A non-current asset classified as held for sale is no longer depreciated; after classification it is the measurement at the lower of carrying amount and fair value less costs to sell that applies (IFRS 5, para. 25). Trap: continuing to depreciate an asset classified as held for sale. Rule to remember: Depreciation stops at the classification date of an asset held for sale.","es":""},"common_error":{"fr":"","en":"Continuing to depreciate an asset classified as held for sale.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000057","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.NO_DEPRECIATION"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000057","tested_point":"QST.IFRS5.000057","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-no-dep"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"Maurel depreciates a packaging line on a straight-line basis; its depreciable amount is {depreciable_amount} and its useful life {useful_life} years. It classifies it as held for sale after {months_until_classification} months of use. Calculate accumulated depreciation at the classification date, then the annual charge that stops being recognised after classification.","es":""},"explanation":{"fr":"","en":"Approach: annual charge = 360,000 ÷ 6 = 60,000; accumulated depreciation = 60,000 × 30 ÷ 12 = 150,000; after classification, the annual charge of 60,000 is no longer recognised (IFRS 5, para. 25). Trap: carrying on the charge of 60,000 a year after classification. Rule to remember: Depreciation is recognised up to the classification date, then stops; the asset is then measured at the lower amount.","es":""},"common_error":{"fr":"","en":"Continuing to depreciate an asset classified as held for sale.","es":""},"format":"CALCULATION","placeholders":[{"id":"depreciable_amount","value":"360000","unit":"EUR"},{"id":"useful_life","value":"6","unit":"YEARS"},{"id":"months_until_classification","value":"30","unit":"MONTHS"}],"data":[{"label":{"fr":"","en":"Depreciable amount","es":""},"value":"360000","unit":"EUR"},{"label":{"fr":"","en":"Useful life","es":""},"value":"6","unit":"YEARS"},{"label":{"fr":"","en":"Months of use until classification","es":""},"value":"30","unit":"MONTHS"}],"steps":[{"id":"DEPRECIATION_TO_DATE","label":{"fr":"","en":"Accumulated depreciation at the classification date","es":""},"answer":150000,"tolerance":1,"unit":"EUR"},{"id":"ANNUAL_CHARGE_STOPPED","label":{"fr":"","en":"Annual charge that stops after classification","es":""},"answer":60000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"ANNUAL_CHARGE_STOPPED","meaning":{"fr":"","en":"Annual charge that stops after classification","es":""},"expression":"a / b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Depreciable amount","es":""},"value":360000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Useful life","es":""},"value":6,"unit":"YEARS"}],"result":60000,"unit":"EUR"}],"rationale":{"fr":"","en":"Depreciation is recognised up to the classification date, then stops; the asset is then measured at the lower amount.","es":""},"references":["REF.IFRS5.25"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000060","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.LIABILITIES_EXPENSES_CONTINUE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000060","tested_point":"QST.IFRS5.000060","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000006","section_id":"rule-liabilities"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"A disposal group includes an interest-bearing loan. What happens to the interest after the group is classified?","es":""},"explanation":{"fr":"","en":"Interest and other expenses on the liabilities of a group held for sale continue to be recognised, unlike the depreciation of assets, which stops (IFRS 5, para. 25). Trap: extending the stop of depreciation on assets to the expenses of the group's liabilities. Rule to remember: Expenses on the liabilities of the classified group, interest included, continue to be recognised.","es":""},"common_error":{"fr":"","en":"Stopping the recognition of interest on the liabilities of the classified group.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Interest and other expenses on the group's liabilities continue to be recognised.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Interest stops being recognised from the date the group is classified.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer carries over to liabilities the stop of depreciation on assets; yet the expenses on the group's liabilities continue, since the loan is still running. Rule to remember: Expenses on the liabilities of the classified group, interest included, continue to be recognised (IFRS 5, para. 25).","es":""}},{"id":"C","text":{"fr":"","en":"Interest is added to the carrying amount of the classified assets instead of being expensed.","es":""},"correct":false,"feedback":{"fr":"","en":"Interest on a liability remains an expense; adding it to the classified assets distorts the value compared with net fair value. Rule to remember: Expenses on the liabilities of the classified group, interest included, continue to be recognised (IFRS 5, para. 25).","es":""}},{"id":"D","text":{"fr":"","en":"Interest is netted against the group's impairment loss and no longer appears separately.","es":""},"correct":false,"feedback":{"fr":"","en":"Netting interest against the impairment loss would hide two distinct pieces of information; presentation is not netted that way. Rule to remember: Expenses on the liabilities of the classified group, interest included, continue to be recognised (IFRS 5, para. 25).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000061","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.HELD_FOR_DISTRIBUTION"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000061","tested_point":"QST.IFRS5.000061","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-distribution"},"references":["IFRS 5 §15A"],"exercise":{"prompt":{"fr":"","en":"Garnel commits to distributing in kind to its shareholders a building classified as held for distribution to owners. Its carrying amount is {carrying_amount}. Case data: its fair value less costs to distribute is {measurement_base_amount}. Calculate the amount at which the building is measured.","es":""},"explanation":{"fr":"","en":"Approach: the asset held for distribution is measured at the lower of its carrying amount and fair value less costs to distribute: the lower of 750,000 and 700,000 = 700,000 (IFRS 5, para. 15A). Trap: applying the sale basis without checking, or keeping the carrying amount of 750,000. Rule to remember: An asset held for distribution is measured at the lower of carrying amount and fair value less costs to distribute.","es":""},"common_error":{"fr":"","en":"Applying the sale basis to a distribution without checking the text.","es":""},"format":"CALCULATION","placeholders":[{"id":"carrying_amount","value":"750000","unit":"EUR"},{"id":"measurement_base_amount","value":"700000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Carrying amount of the building","es":""},"value":"750000","unit":"EUR"},{"label":{"fr":"","en":"Fair value less costs to distribute (case datum)","es":""},"value":"700000","unit":"EUR"}],"steps":[{"id":"MEASURED_AMOUNT","label":{"fr":"","en":"Measured amount","es":""},"answer":700000,"tolerance":1,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000062","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.HELD_FOR_DISTRIBUTION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000062","tested_point":"QST.IFRS5.000062","difficulty":"ADVANCED","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000007","section_id":"rule-distribution"},"references":["IFRS 5 §15A"],"exercise":{"prompt":{"fr":"","en":"An asset held for distribution to owners is measured at the lower of its carrying amount and its fair value less costs to distribute.","es":""},"explanation":{"fr":"","en":"The measurement of an asset (or group) held for distribution takes the lower of carrying amount and fair value less costs to distribute, on the model of the sale (IFRS 5, para. 15A). Trap: applying the sale basis without adapting it to the costs to distribute. Rule to remember: For a distribution to owners, the comparison is made on fair value less costs to distribute.","es":""},"common_error":{"fr":"","en":"Applying the sale basis to a distribution without checking the text.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000063","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.CEASE_CLASSIFICATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000063","tested_point":"QST.IFRS5.000063","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-cease"},"references":["IFRS 5 §26"],"exercise":{"prompt":{"fr":"","en":"When an asset ceases to meet the classification criteria, it is no longer classified as held for sale.","es":""},"explanation":{"fr":"","en":"If the asset ceases to meet the classification criteria, it is no longer classified as held for sale and follows the provisions applicable to ceasing classification (IFRS 5, para. 26). Trap: keeping the classification despite the abandonment of the sale plan. Rule to remember: An asset that no longer meets the criteria leaves the held-for-sale classification.","es":""},"common_error":{"fr":"","en":"Keeping the classification despite the abandonment of the sale plan.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000064","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.CEASE_CLASSIFICATION"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000064","tested_point":"QST.IFRS5.000064","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-cease"},"references":["IFRS 5 §26"],"exercise":{"prompt":{"fr":"","en":"The board of Ulvane officially gives up selling a site classified as held for sale, for lack of an acceptable offer. Which conclusion is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"As soon as the site ceases to meet the classification criteria, it is no longer classified as held for sale and follows the rules on ceasing classification (IFRS 5, para. 26). Trap: keeping the classification despite the abandonment of the sale plan. Rule to remember: Abandoning the sale plan ends the held-for-sale classification.","es":""},"common_error":{"fr":"","en":"Keeping the classification despite the abandonment of the sale plan.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The site stays classified as held for sale, because the sale might resume one day.","es":""},"correct":false,"feedback":{"fr":"","en":"A possible resumption does not maintain the classification: with no sale plan, the criteria are no longer met. Rule to remember: Abandoning the sale plan ends the held-for-sale classification (IFRS 5, para. 26).","es":""}},{"id":"B","text":{"fr":"","en":"The site is presented as a discontinued operation, since the sale is abandoned.","es":""},"correct":false,"feedback":{"fr":"","en":"A discontinued operation requires a component disposed of or classified as held for sale; here the sale plan is abandoned. Rule to remember: Abandoning the sale plan ends the held-for-sale classification (IFRS 5, para. 26).","es":""}},{"id":"C","text":{"fr":"","en":"The site stays classified until the next closing, then leaves the classification on that date.","es":""},"correct":false,"feedback":{"fr":"","en":"The classification does not run on until the closing: it ends as soon as the criteria are no longer met. Rule to remember: Abandoning the sale plan ends the held-for-sale classification (IFRS 5, para. 26).","es":""}},{"id":"D","text":{"fr":"","en":"The site ceases to meet the criteria and is no longer classified as held for sale; the rules on ceasing classification apply.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000065","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000065","tested_point":"QST.IFRS5.000065","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-measure"},"references":["IFRS 5 §27"],"exercise":{"prompt":{"fr":"","en":"Tavrel gives up selling a machine classified as held for sale. Its carrying amount before classification was {carrying_before_classification}. The depreciation that would have been recognised had the machine never been classified amounts to {depreciation_not_recognised}. Calculate the carrying amount adjusted for the depreciation not recognised.","es":""},"explanation":{"fr":"","en":"Approach: on ceasing classification, the carrying amount before classification is adjusted for the depreciation that would have been recognised had the asset not been classified: 500,000 − 40,000 = 460,000 (IFRS 5, para. 27). Trap: forgetting the depreciation that would have been recognised without classification and keeping 500,000. Rule to remember: On ceasing classification, the carrying amount before classification is adjusted for the depreciation not recognised.","es":""},"common_error":{"fr":"","en":"Forgetting the depreciation that would have been recognised without classification.","es":""},"format":"CALCULATION","placeholders":[{"id":"carrying_before_classification","value":"500000","unit":"EUR"},{"id":"depreciation_not_recognised","value":"40000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Carrying amount before classification","es":""},"value":"500000","unit":"EUR"},{"label":{"fr":"","en":"Depreciation not recognised during classification","es":""},"value":"40000","unit":"EUR"}],"steps":[{"id":"ADJUSTED_CARRYING_AMOUNT","label":{"fr":"","en":"Adjusted carrying amount","es":""},"answer":460000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"ADJUSTED_CARRYING_AMOUNT","meaning":{"fr":"","en":"Adjusted carrying amount","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount before classification","es":""},"value":500000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Depreciation not recognised during classification","es":""},"value":40000,"unit":"EUR"}],"result":460000,"unit":"EUR","rationale":{"fr":"","en":"Approach: on ceasing classification, the carrying amount before classification is adjusted for the depreciation that would have been recognised had the asset not been classified: 500,000 − 40,000 = 460,000 (IFRS 5, para. 27).","es":""}}],"rationale":{"fr":"","en":"On ceasing classification, the carrying amount before classification is adjusted for the depreciation not recognised.","es":""},"references":["REF.IFRS5.27"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000066","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000066","tested_point":"QST.IFRS5.000066","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-measure"},"references":["IFRS 5 §27"],"exercise":{"prompt":{"fr":"","en":"Nerval ends the classification of a site as held for sale. Its carrying amount, adjusted for the depreciation not recognised, is {adjusted_carrying_amount}. Case assumption: its recoverable amount at the date of the decision not to sell is {recoverable_amount}. Calculate the measured amount on ceasing classification and the corresponding unfavourable adjustment.","es":""},"explanation":{"fr":"","en":"Approach: on ceasing classification, the site is measured at the lower of its adjusted carrying amount (630,000) and its recoverable amount at the date of the decision (610,000), i.e. 610,000; the adjustment is 630,000 − 610,000 = 20,000 (IFRS 5, para. 27). Trap: keeping the adjusted carrying amount without comparing it with the recoverable amount. Rule to remember: On ceasing classification, the asset is measured at the lower of its adjusted carrying amount and its recoverable amount at the date of the decision.","es":""},"common_error":{"fr":"","en":"Keeping the adjusted carrying amount without comparing it with the recoverable amount.","es":""},"format":"CALCULATION","placeholders":[{"id":"adjusted_carrying_amount","value":"630000","unit":"EUR"},{"id":"recoverable_amount","value":"610000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Adjusted carrying amount","es":""},"value":"630000","unit":"EUR"},{"label":{"fr":"","en":"Recoverable amount (case datum)","es":""},"value":"610000","unit":"EUR"}],"steps":[{"id":"AMOUNT_ON_CEASING","label":{"fr":"","en":"Measured amount on ceasing classification","es":""},"answer":610000,"tolerance":1,"unit":"EUR"},{"id":"LOSS_ON_CEASING","label":{"fr":"","en":"Unfavourable adjustment","es":""},"answer":20000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"LOSS_ON_CEASING","meaning":{"fr":"","en":"Unfavourable adjustment","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Adjusted carrying amount","es":""},"value":630000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Recoverable amount (case datum)","es":""},"value":610000,"unit":"EUR"}],"result":20000,"unit":"EUR"}],"rationale":{"fr":"","en":"On ceasing classification, the asset is measured at the lower of its adjusted carrying amount and its recoverable amount at the date of the decision.","es":""},"references":["REF.IFRS5.27"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000067","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000067","tested_point":"QST.IFRS5.000067","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-measure"},"references":["IFRS 5 §27"],"exercise":{"prompt":{"fr":"","en":"Four statements concern the measurement of an asset leaving the held-for-sale classification. Which one is wrong?","es":""},"explanation":{"fr":"","en":"On ceasing classification, the asset is measured at the lower of its carrying amount before classification adjusted for the depreciation not recognised and its recoverable amount at the date of the decision not to sell (IFRS 5, para. 27). Trap: applying the fair value less costs to sell basis on exit. Rule to remember: On ceasing classification, the adjusted carrying amount is compared with the recoverable amount at the date of the decision.","es":""},"common_error":{"fr":"","en":"Forgetting the depreciation that would have been recognised without classification.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The carrying amount before classification is adjusted for the depreciation that would have been recognised without classification.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: adjusting for the depreciation not recognised is part of the exit rule. The error lies elsewhere. Rule to remember: On ceasing classification, the adjusted carrying amount is compared with the recoverable amount at the date of the decision (IFRS 5, para. 27).","es":""}},{"id":"B","text":{"fr":"","en":"The asset is measured at fair value less costs to sell at the date of the decision not to sell, whatever its carrying amount.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The asset is measured at the lower of this adjusted carrying amount and its recoverable amount.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the lower of the adjusted carrying amount and the recoverable amount is retained. The error lies elsewhere. Rule to remember: On ceasing classification, the adjusted carrying amount is compared with the recoverable amount at the date of the decision (IFRS 5, para. 27).","es":""}},{"id":"D","text":{"fr":"","en":"The recoverable amount taken into account is that at the date of the decision not to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the recoverable amount is assessed at the date of the decision not to sell. The error lies elsewhere. Rule to remember: On ceasing classification, the adjusted carrying amount is compared with the recoverable amount at the date of the decision (IFRS 5, para. 27).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000068","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.MEASUREMENT_ON_CEASING"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000068","tested_point":"QST.IFRS5.000068","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-measure"},"references":["IFRS 5 §27"],"exercise":{"prompt":{"fr":"","en":"Corvel had classified a building as held for sale at a carrying amount of €900,000. It gives up the sale after 18 months. Case convention: the annual depreciation that would have been recognised is €60,000, i.e. €90,000 for the period. The recoverable amount at the date of the decision is €840,000. At what amount is the building measured on ceasing classification?","es":""},"explanation":{"fr":"","en":"Adjusted carrying amount = 900,000 − 90,000 = 810,000 (18 months × 60,000 ÷ 12 = 90,000); it is below the recoverable amount of 840,000; the building is therefore measured at 810,000 (IFRS 5, para. 27). Trap: keeping the carrying amount before classification or taking the recoverable amount without comparing. Rule to remember: On ceasing classification, the lower of the carrying amount adjusted for the depreciation not recognised and the recoverable amount is retained.","es":""},"common_error":{"fr":"","en":"Forgetting the depreciation that would have been recognised without classification.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"€810,000, the lower of the adjusted carrying amount (€810,000) and the recoverable amount (€840,000).","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"€840,000, the recoverable amount, because it exceeds the carrying amount before classification.","es":""},"correct":false,"feedback":{"fr":"","en":"The recoverable amount is higher than the adjusted carrying amount: the lower of the two is the adjusted carrying amount of €810,000, not €840,000. Rule to remember: On ceasing classification, the lower of the carrying amount adjusted for the depreciation not recognised and the recoverable amount is retained (IFRS 5, para. 27).","es":""}},{"id":"C","text":{"fr":"","en":"€900,000, the carrying amount before classification, which stays unchanged.","es":""},"correct":false,"feedback":{"fr":"","en":"Keeping €900,000 forgets the €90,000 depreciation that would have been recognised without classification; the carrying amount must be adjusted. Rule to remember: On ceasing classification, the lower of the carrying amount adjusted for the depreciation not recognised and the recoverable amount is retained (IFRS 5, para. 27).","es":""}},{"id":"D","text":{"fr":"","en":"€720,000, after deducting the depreciation not recognised twice.","es":""},"correct":false,"feedback":{"fr":"","en":"The depreciation not recognised is deducted once, not twice: repeated deduction gives an amount unrelated to the rule. Rule to remember: On ceasing classification, the lower of the carrying amount adjusted for the depreciation not recognised and the recoverable amount is retained (IFRS 5, para. 27).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000069","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.RESULT_ADJUSTMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000069","tested_point":"QST.IFRS5.000069","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-adjust"},"references":["IFRS 5 §28"],"exercise":{"prompt":{"fr":"","en":"An asset leaves the held-for-sale classification and its carrying amount is adjusted. Where is the adjustment presented?","es":""},"explanation":{"fr":"","en":"The adjustment to the carrying amount of an asset leaving the classification is presented in the result from continuing operations (IFRS 5, para. 28). Trap: presenting the adjustment among discontinued operations. Rule to remember: The adjustment to the carrying amount on ceasing classification goes into the result from continuing operations.","es":""},"common_error":{"fr":"","en":"Presenting the adjustment among discontinued operations.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"In the single amount for discontinued operations.","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment does not belong to discontinued operations: putting it in the single amount is the typical error. Rule to remember: The adjustment to the carrying amount on ceasing classification goes into the result from continuing operations (IFRS 5, para. 28).","es":""}},{"id":"B","text":{"fr":"","en":"In other comprehensive income.","es":""},"correct":false,"feedback":{"fr":"","en":"No rule places this adjustment in other comprehensive income; it follows the result from continuing operations. Rule to remember: The adjustment to the carrying amount on ceasing classification goes into the result from continuing operations (IFRS 5, para. 28).","es":""}},{"id":"C","text":{"fr":"","en":"In the result from continuing operations.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Directly in equity, without going through profit or loss.","es":""},"correct":false,"feedback":{"fr":"","en":"An adjustment in equity would bypass profit or loss; the rule puts it in the result from continuing operations. Rule to remember: The adjustment to the carrying amount on ceasing classification goes into the result from continuing operations (IFRS 5, para. 28).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000071","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.DIRECT_RECLASSIFICATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000071","tested_point":"QST.IFRS5.000071","difficulty":"ADVANCED","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-direct"},"references":["IFRS 5 §26A"],"exercise":{"prompt":{"fr":"","en":"When an asset moves directly from the 'sale' disposal method to the 'distribution to owners' method, its classification as an asset held for disposal continues.","es":""},"explanation":{"fr":"","en":"A direct change between 'held for sale' and 'held for distribution' is not an exit from the classification: the classification continues (IFRS 5, para. 26A). Trap: treating the move between sale and distribution as an exit from the classification. Rule to remember: A direct move between sale and distribution extends the classification and is not an exit.","es":""},"common_error":{"fr":"","en":"Treating the move between sale and distribution as an exit from the classification.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000072","standard_id":"IFRS5","concept_ids":["IFRS5.CHANGES.DISCLOSURE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000072","tested_point":"QST.IFRS5.000072","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000008","section_id":"rule-disclosure"},"references":["IFRS 5 §42"],"exercise":{"prompt":{"fr":"","en":"The entity abandons a sale plan and an asset ceases to be classified as held for sale. What must the disclosure contain?","es":""},"explanation":{"fr":"","en":"When the sale plan changes, the entity discloses the facts and circumstances and the effect of the change on the result of the periods. Trap: omitting to describe the facts and circumstances of the change of plan. Rule to remember: A change of the sale plan calls for disclosure of the facts, the circumstances and the effect on the result (IFRS 5, para. 42).","es":""},"common_error":{"fr":"","en":"Omitting to describe the facts and circumstances of the change of plan.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The facts and circumstances of the change of plan, and its effect on the result of the periods.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"No disclosure, the change of plan affecting just the classification of the asset in the statement of financial position.","es":""},"correct":false,"feedback":{"fr":"","en":"A change of plan has an effect on the result and calls for disclosure: limiting it to classification ignores that. Rule to remember: A change of the sale plan calls for disclosure of the facts, the circumstances and the effect on the result.","es":""}},{"id":"C","text":{"fr":"","en":"The amount of the adjustment to the carrying amount, presented without describing the facts or the circumstances.","es":""},"correct":false,"feedback":{"fr":"","en":"The amount alone is not enough: the disclosure also describes the facts and circumstances that explain the change. Rule to remember: A change of the sale plan calls for disclosure of the facts, the circumstances and the effect on the result.","es":""}},{"id":"D","text":{"fr":"","en":"A mere cross-reference to the management report, with no disclosure in the notes to the financial statements.","es":""},"correct":false,"feedback":{"fr":"","en":"The disclosure is given in the notes; a cross-reference elsewhere does not replace the description of the facts and of the effect. Rule to remember: A change of the sale plan calls for disclosure of the facts, the circumstances and the effect on the result.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000073","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.COMPONENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000073","tested_point":"QST.IFRS5.000073","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-component"},"references":["IFRS 5 §31"],"exercise":{"prompt":{"fr":"","en":"Under IFRS 5, what is a component of an entity?","es":""},"explanation":{"fr":"","en":"A component is a set of operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity (IFRS 5, para. 31). Trap: equating a component with a single isolated asset. Rule to remember: A component is defined by operations and cash flows clearly distinguishable from the rest of the entity.","es":""},"common_error":{"fr":"","en":"Equating a component with a single isolated asset.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A single asset of the entity that can be sold separately, whatever its use in day-to-day operations.","es":""},"correct":false,"feedback":{"fr":"","en":"A single asset is not a component: it lacks a set of operations and cash flows distinguishable from the rest of the entity. Rule to remember: A component is defined by operations and cash flows clearly distinguishable from the rest of the entity (IFRS 5, para. 31).","es":""}},{"id":"B","text":{"fr":"","en":"A company legally distinct from the group, even when its activities are intermingled with those of the other entities.","es":""},"correct":false,"feedback":{"fr":"","en":"Legal form is not enough: a company whose activities are intermingled with others is not clearly distinguishable. Rule to remember: A component is defined by operations and cash flows clearly distinguishable from the rest of the entity (IFRS 5, para. 31).","es":""}},{"id":"C","text":{"fr":"","en":"Operations and cash flows that can be clearly distinguished from the rest of the entity, operationally and for financial reporting.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"A support function shared between several lines of business, for example central accounting or IT.","es":""},"correct":false,"feedback":{"fr":"","en":"Shared support functions do not form a set of operations and cash flows distinguishable from the rest of the entity. Rule to remember: A component is defined by operations and cash flows clearly distinguishable from the rest of the entity (IFRS 5, para. 31).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000074","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.COMPONENT"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000074","tested_point":"QST.IFRS5.000074","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-component"},"references":["IFRS 5 §31"],"exercise":{"prompt":{"fr":"","en":"The Delmar group has three divisions: 'Beverages', which has its own plants, sales teams, management accounting and cash; 'Canned goods', integrated in the same organisation as the rest of the group; and a central IT department serving the whole group. Which one can be a component?","es":""},"explanation":{"fr":"","en":"The Beverages division has its own plants, teams, management accounting and cash: its operations and cash flows are clearly distinguishable from the rest of the entity, which meets the definition of a component (IFRS 5, para. 31). Trap: judging on the 'division' label or on the ability to put a figure on an activity, without checking operational and accounting distinction. Rule to remember: Professional judgement: a component requires operations and cash flows clearly distinguishable, both in operations and in financial reporting.","es":""},"common_error":{"fr":"","en":"Equating a component with a single isolated asset.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The Canned goods division, since the group can roughly estimate its revenue.","es":""},"correct":false,"feedback":{"fr":"","en":"Being able to estimate revenue does not make Canned goods distinguishable: its structure remains integrated with the group's. Rule to remember: Professional judgement: a component requires operations and cash flows clearly distinguishable, both in operations and in financial reporting (IFRS 5, para. 31).","es":""}},{"id":"B","text":{"fr":"","en":"The central IT department, since it is invoiced to each division internally.","es":""},"correct":false,"feedback":{"fr":"","en":"A shared IT department serves the whole group; internal recharging does not make it distinguishable from the rest of the entity. Rule to remember: Professional judgement: a component requires operations and cash flows clearly distinguishable, both in operations and in financial reporting (IFRS 5, para. 31).","es":""}},{"id":"C","text":{"fr":"","en":"A component is by nature an isolated asset of the group, which rules out divisions.","es":""},"correct":false,"feedback":{"fr":"","en":"Nothing prevents a division from being a component; what matters is being clearly distinguishable, and Beverages is. Rule to remember: Professional judgement: a component requires operations and cash flows clearly distinguishable, both in operations and in financial reporting (IFRS 5, para. 31).","es":""}},{"id":"D","text":{"fr":"","en":"The Beverages division, whose operations and cash flows are distinguishable from the rest of the entity.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000075","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.DEFINITION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000075","tested_point":"QST.IFRS5.000075","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-definition"},"references":["IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"Any disposal of a significant asset of the entity is a discontinued operation.","es":""},"explanation":{"fr":"","en":"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, is part of a single coordinated plan, or is a subsidiary acquired for resale; a single asset, even a significant one, is not one (IFRS 5, para. 32). Trap: treating any asset disposal as a discontinued operation. Rule to remember: A discontinued operation is a component disposed of or classified that fits one of the cases of the definition, not a mere asset sold.","es":""},"common_error":{"fr":"","en":"Treating any asset disposal as a discontinued operation.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000077","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SUBSIDIARY_RESALE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000077","tested_point":"QST.IFRS5.000077","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000009","section_id":"rule-subsidiary"},"references":["IFRS 5 §32"],"exercise":{"prompt":{"fr":"","en":"An entity acquires a subsidiary exclusively with a view to resale, then classifies it as held for sale. When is it a discontinued operation?","es":""},"explanation":{"fr":"","en":"The definition of a discontinued operation also covers a subsidiary acquired exclusively with a view to resale, without requiring it to represent a separate major line of business or geographical area (IFRS 5, para. 32). Trap: requiring a major line of business for a subsidiary acquired for resale. Rule to remember: A subsidiary acquired exclusively with a view to resale is a separate case in the definition of a discontinued operation.","es":""},"common_error":{"fr":"","en":"Requiring a major line of business for a subsidiary acquired for resale.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It must necessarily represent a separate major line of business, like any other component.","es":""},"correct":false,"feedback":{"fr":"","en":"This reading applies to the resale subsidiary the requirement of a major line or region; yet this case is separate in the definition. Rule to remember: A subsidiary acquired exclusively with a view to resale is a separate case in the definition of a discontinued operation (IFRS 5, para. 32).","es":""}},{"id":"B","text":{"fr":"","en":"It can be one without representing a separate major line of business or geographical area.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"It is one on condition that it has already been sold at the closing date, the sale having to be completed.","es":""},"correct":false,"feedback":{"fr":"","en":"The definition also covers a component classified as held for sale: a completed sale is not required. Rule to remember: A subsidiary acquired exclusively with a view to resale is a separate case in the definition of a discontinued operation (IFRS 5, para. 32).","es":""}},{"id":"D","text":{"fr":"","en":"It cannot be one, resale being precisely the very purpose of the acquisition of that subsidiary.","es":""},"correct":false,"feedback":{"fr":"","en":"A subsidiary acquired for resale is precisely one of the cases listed in the definition of a discontinued operation. Rule to remember: A subsidiary acquired exclusively with a view to resale is a separate case in the definition of a discontinued operation (IFRS 5, para. 32).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000078","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SINGLE_AMOUNT"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000078","tested_point":"QST.IFRS5.000078","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-single"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"Norbel's transport business is a discontinued operation. Over the year, its revenue is {revenue}, its expenses {expenses} and the corresponding income tax {income_tax} (case datum). Calculate the post-tax result of the discontinued operation for the year.","es":""},"explanation":{"fr":"","en":"Approach: pre-tax result = 1,200,000 − 1,050,000 = 150,000; post-tax result = 150,000 − 37,500 = 112,500. This result enters the single amount presented for the discontinued operation (IFRS 5, para. 33). Trap: adding or presenting pre-tax amounts. Rule to remember: The single amount for discontinued operations rests on post-tax results.","es":""},"common_error":{"fr":"","en":"Adding pre-tax amounts.","es":""},"format":"CALCULATION","placeholders":[{"id":"revenue","value":"1200000","unit":"EUR"},{"id":"expenses","value":"1050000","unit":"EUR"},{"id":"income_tax","value":"37500","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Revenue of the discontinued operation","es":""},"value":"1200000","unit":"EUR"},{"label":{"fr":"","en":"Expenses of the discontinued operation","es":""},"value":"1050000","unit":"EUR"},{"label":{"fr":"","en":"Income tax on the operation (case datum)","es":""},"value":"37500","unit":"EUR"}],"steps":[{"id":"RESULT_AFTER_TAX","label":{"fr":"","en":"Post-tax result of the discontinued operation","es":""},"answer":112500,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"RESULT_AFTER_TAX","meaning":{"fr":"","en":"Post-tax result of the discontinued operation","es":""},"expression":"(a - b) - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Revenue of the discontinued operation","es":""},"value":1200000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Expenses of the discontinued operation","es":""},"value":1050000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Income tax on the operation (case datum)","es":""},"value":37500,"unit":"EUR"}],"result":112500,"unit":"EUR"}],"rationale":{"fr":"","en":"The single amount for discontinued operations rests on post-tax results.","es":""},"references":["REF.IFRS5.33"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000079","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SINGLE_AMOUNT"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000079","tested_point":"QST.IFRS5.000079","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-single"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"The Printing division of Salvan is a discontinued operation. Its post-tax operating result for the year is a profit of {operating_result_after_tax}. Measuring the division at the lower of carrying amount and fair value less costs to sell led to a post-tax loss of {remeasurement_loss_after_tax}. Calculate the single amount to present for the discontinued operation.","es":""},"explanation":{"fr":"","en":"Approach: the single amount adds up the post-tax result of the period and the post-tax result of the measurement or disposal: 85,000 − 30,000 = 55,000 (IFRS 5, para. 33). Trap: presenting two pre-tax lines instead of a single post-tax amount. Rule to remember: The income statement presents a single amount: the post-tax result of the discontinued operation and the post-tax result of measurement or disposal.","es":""},"common_error":{"fr":"","en":"Adding pre-tax amounts.","es":""},"format":"CALCULATION","placeholders":[{"id":"operating_result_after_tax","value":"85000","unit":"EUR"},{"id":"remeasurement_loss_after_tax","value":"30000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Post-tax operating result (profit)","es":""},"value":"85000","unit":"EUR"},{"label":{"fr":"","en":"Post-tax measurement loss","es":""},"value":"30000","unit":"EUR"}],"steps":[{"id":"SINGLE_AMOUNT","label":{"fr":"","en":"Single amount for discontinued operations","es":""},"answer":55000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"SINGLE_AMOUNT","meaning":{"fr":"","en":"Single amount for discontinued operations","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Post-tax operating result (profit)","es":""},"value":85000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Post-tax measurement loss","es":""},"value":30000,"unit":"EUR"}],"result":55000,"unit":"EUR","rationale":{"fr":"","en":"Approach: the single amount adds up the post-tax result of the period and the post-tax result of the measurement or disposal: 85,000 − 30,000 = 55,000 (IFRS 5, para. 33).","es":""}}],"rationale":{"fr":"","en":"The income statement presents a single amount: the post-tax result of the discontinued operation and the post-tax result of measurement or disposal.","es":""},"references":["REF.IFRS5.33"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000080","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SINGLE_AMOUNT"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000080","tested_point":"QST.IFRS5.000080","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-single"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"The Rivarel group presents a discontinued operation whose post-tax result is a profit of €140,000 and whose measurement at the lower amount led to a post-tax loss of €50,000. Which presentation is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"The single amount adds up the post-tax result of the period and the post-tax measurement result: 140,000 − 50,000 = 90,000, analysed in the notes or in the income statement (IFRS 5, para. 33). Trap: breaking the discontinued operation up over the income statement lines or adding the loss. Rule to remember: Discontinued operations are presented as a single amount in the income statement, analysed in the notes or in the income statement.","es":""},"common_error":{"fr":"","en":"Adding pre-tax amounts.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Two separate lines within continuing operations: a profit of €140,000 and a loss of €50,000.","es":""},"correct":false,"feedback":{"fr":"","en":"The discontinued operation's results are not spread over the lines of continuing operations: they are grouped in a single amount. Rule to remember: Discontinued operations are presented as a single amount in the income statement, analysed in the notes or in the income statement (IFRS 5, para. 33).","es":""}},{"id":"B","text":{"fr":"","en":"A single amount of €190,000, the measurement loss being added to the profit and shown separately in the notes.","es":""},"correct":false,"feedback":{"fr":"","en":"Adding the loss instead of deducting it gives €190,000; yet the single amount includes the measurement result, which is a loss here. Rule to remember: Discontinued operations are presented as a single amount in the income statement, analysed in the notes or in the income statement (IFRS 5, para. 33).","es":""}},{"id":"C","text":{"fr":"","en":"No amount in the income statement; the discontinued operation appears through its related assets and liabilities in the balance sheet.","es":""},"correct":false,"feedback":{"fr":"","en":"The income statement does present the single amount; limiting the information to the balance sheet ignores the expected presentation. Rule to remember: Discontinued operations are presented as a single amount in the income statement, analysed in the notes or in the income statement (IFRS 5, para. 33).","es":""}},{"id":"D","text":{"fr":"","en":"A single amount of €90,000 in the income statement, analysed in the notes or in the income statement.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000081","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.ANALYSIS"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000081","tested_point":"QST.IFRS5.000081","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-analysis"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"Hexal's trading business, discontinued during the year, has revenue of {revenue} and expenses of {expenses}. The tax effect is a tax benefit of {tax_benefit} (case datum). Calculate the post-tax loss to show in the analysis of the single amount, expressed as a positive amount.","es":""},"explanation":{"fr":"","en":"Approach: pre-tax result = 640,000 − 700,000 = −60,000 (loss); the tax benefit of 15,000 reduces the loss: 60,000 − 15,000 = 45,000; the analysis of the single amount mentions the tax (IFRS 5, para. 33). Trap: leaving out the tax in the analysis and showing a loss of 60,000. Rule to remember: The analysis of the single amount presents the result of the discontinued operation with the related tax effect.","es":""},"common_error":{"fr":"","en":"Leaving out the tax in the analysis of the single amount.","es":""},"format":"CALCULATION","placeholders":[{"id":"revenue","value":"640000","unit":"EUR"},{"id":"expenses","value":"700000","unit":"EUR"},{"id":"tax_benefit","value":"15000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Revenue of the discontinued operation","es":""},"value":"640000","unit":"EUR"},{"label":{"fr":"","en":"Expenses of the discontinued operation","es":""},"value":"700000","unit":"EUR"},{"label":{"fr":"","en":"Tax benefit (case datum)","es":""},"value":"15000","unit":"EUR"}],"steps":[{"id":"LOSS_AFTER_TAX","label":{"fr":"","en":"Post-tax loss (positive amount)","es":""},"answer":45000,"tolerance":1,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000082","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.ANALYSIS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000082","tested_point":"QST.IFRS5.000082","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-analysis"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"About the analysis of the single amount for discontinued operations, which statement is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"The single amount presented for discontinued operations is analysed, in the notes or in the income statement; the analysis includes the tax, otherwise the amount would not be consistent (IFRS 5, para. 33). Trap: omitting the tax in the analysis of the single amount. Rule to remember: The single amount is analysed in the notes or in the income statement, tax included.","es":""},"common_error":{"fr":"","en":"Leaving out the tax in the analysis of the single amount.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The analysis may appear in the notes or in the income statement, and it takes the tax into account.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The analysis appears in the income statement to the exclusion of the notes, and stays pre-tax.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard allows the analysis in the notes; limiting it to the income statement and to pre-tax figures ignores both the location and the tax. Rule to remember: The single amount is analysed in the notes or in the income statement, tax included (IFRS 5, para. 33).","es":""}},{"id":"C","text":{"fr":"","en":"The analysis is optional: the single amount suffices, without detail of its components or of the tax.","es":""},"correct":false,"feedback":{"fr":"","en":"The single amount comes with an analysis of its components; omitting it deprives the reader of the expected detail. Rule to remember: The single amount is analysed in the notes or in the income statement, tax included (IFRS 5, para. 33).","es":""}},{"id":"D","text":{"fr":"","en":"The analysis concerns the operation's cash flows, without presenting any result.","es":""},"correct":false,"feedback":{"fr":"","en":"The analysis of the single amount concerns results; cash flows are covered by separate information. Rule to remember: The single amount is analysed in the notes or in the income statement, tax included (IFRS 5, para. 33).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000083","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.ANALYSIS"],"dimension":"CALCULATION","context":"V1_QST.IFRS5.000083","tested_point":"QST.IFRS5.000083","difficulty":"EXPERT","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-analysis"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"The Ténéris group discontinues its Leisure division. Over the year: revenue {revenue}, expenses {expenses}, tax on that result {operating_tax}. Measuring the division at fair value less costs to sell produces a pre-tax loss of {remeasurement_loss_before_tax}, with a tax benefit of {tax_on_remeasurement} (case data). Calculate the post-tax operating result, the post-tax measurement loss and the single amount.","es":""},"explanation":{"fr":"","en":"Approach: pre-tax result = 2,000,000 − 1,780,000 = 220,000; after tax: 220,000 − 55,000 = 165,000; post-tax measurement loss = 80,000 − 20,000 = 60,000; single amount = 165,000 − 60,000 = 105,000 (IFRS 5, para. 33). Trap: adding pre-tax amounts or forgetting the tax effect on the measurement loss. Rule to remember: The analysis of the single amount separates the post-tax result of the period from the post-tax measurement or disposal result, then adds them.","es":""},"common_error":{"fr":"","en":"Leaving out the tax in the analysis of the single amount.","es":""},"format":"CALCULATION","placeholders":[{"id":"revenue","value":"2000000","unit":"EUR"},{"id":"expenses","value":"1780000","unit":"EUR"},{"id":"operating_tax","value":"55000","unit":"EUR"},{"id":"remeasurement_loss_before_tax","value":"80000","unit":"EUR"},{"id":"tax_on_remeasurement","value":"20000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Revenue of the division","es":""},"value":"2000000","unit":"EUR"},{"label":{"fr":"","en":"Expenses of the division","es":""},"value":"1780000","unit":"EUR"},{"label":{"fr":"","en":"Tax on the operating result","es":""},"value":"55000","unit":"EUR"},{"label":{"fr":"","en":"Pre-tax measurement loss","es":""},"value":"80000","unit":"EUR"},{"label":{"fr":"","en":"Tax benefit on the measurement loss","es":""},"value":"20000","unit":"EUR"}],"steps":[{"id":"OPERATING_RESULT_AFTER_TAX","label":{"fr":"","en":"Post-tax operating result","es":""},"answer":165000,"tolerance":1,"unit":"EUR"},{"id":"REMEASUREMENT_LOSS_AFTER_TAX","label":{"fr":"","en":"Post-tax measurement loss","es":""},"answer":60000,"tolerance":1,"unit":"EUR"},{"id":"SINGLE_AMOUNT","label":{"fr":"","en":"Single amount","es":""},"answer":105000,"tolerance":1,"unit":"EUR"}],"formula":{"lines":[{"step":"OPERATING_RESULT_AFTER_TAX","meaning":{"fr":"","en":"Post-tax operating result","es":""},"expression":"(a - b) - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Revenue of the division","es":""},"value":2000000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Expenses of the division","es":""},"value":1780000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Tax on the operating result","es":""},"value":55000,"unit":"EUR"}],"result":165000,"unit":"EUR"},{"step":"REMEASUREMENT_LOSS_AFTER_TAX","meaning":{"fr":"","en":"Post-tax measurement loss","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Pre-tax measurement loss","es":""},"value":80000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Tax benefit on the measurement loss","es":""},"value":20000,"unit":"EUR"}],"result":60000,"unit":"EUR"},{"step":"SINGLE_AMOUNT","meaning":{"fr":"","en":"Single amount","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Post-tax operating result","es":""},"value":165000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Post-tax measurement loss","es":""},"value":60000,"unit":"EUR"}],"result":105000,"unit":"EUR"}],"rationale":{"fr":"","en":"The analysis of the single amount separates the post-tax result of the period from the post-tax measurement or disposal result, then adds them.","es":""},"references":["REF.IFRS5.33"]}},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000084","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.SEPARATE_INCOME_STATEMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000084","tested_point":"QST.IFRS5.000084","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-separate"},"references":["IFRS 5 §33A"],"exercise":{"prompt":{"fr":"","en":"An entity presents its profit or loss in a separate income statement apart from the statement of comprehensive income. Where does the discontinued operations line appear?","es":""},"explanation":{"fr":"","en":"When profit or loss is presented in a separate income statement, the discontinued operations line appears in that separate statement (IFRS 5, para. 33A). Trap: presenting the single amount outside any income statement. Rule to remember: The discontinued operations line goes in the separate income statement when the entity presents one.","es":""},"common_error":{"fr":"","en":"Presenting the single amount outside any income statement.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Outside any income statement, in the notes alone, as a commentary.","es":""},"correct":false,"feedback":{"fr":"","en":"The single amount is an item of the income statement; relegating it to the notes alone, outside any income statement, amounts to not presenting it. Rule to remember: The discontinued operations line goes in the separate income statement when the entity presents one (IFRS 5, para. 33A).","es":""}},{"id":"B","text":{"fr":"","en":"In that separate income statement, alongside the other profit or loss items.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"In the statement of comprehensive income, after the other comprehensive income items.","es":""},"correct":false,"feedback":{"fr":"","en":"Placing the line after the other comprehensive income items takes it out of the separate income statement, where it belongs. Rule to remember: The discontinued operations line goes in the separate income statement when the entity presents one (IFRS 5, para. 33A).","es":""}},{"id":"D","text":{"fr":"","en":"In the statement of changes in equity, with distributions.","es":""},"correct":false,"feedback":{"fr":"","en":"Equity does not carry the discontinued operations line: it belongs to the income statement. Rule to remember: The discontinued operations line goes in the separate income statement when the entity presents one (IFRS 5, para. 33A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000085","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.CASH_FLOWS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000085","tested_point":"QST.IFRS5.000085","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-cashflows"},"references":["IFRS 5 §33"],"exercise":{"prompt":{"fr":"","en":"Which statement is consistent with IFRS 5 for the information on the cash flows of a discontinued operation?","es":""},"explanation":{"fr":"","en":"The net operating, investing and financing cash flows of a discontinued operation are presented in the statement of cash flows or disclosed in the notes, in addition to the single amount presented in the income statement (IFRS 5, para. 33). Trap: showing operating cash flows only. Rule to remember: The cash flows of a discontinued operation are presented in the statement of cash flows or disclosed in the notes, in addition to the single amount.","es":""},"common_error":{"fr":"","en":"Showing operating cash flows only.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No information on cash flows is given, the single amount for the result being sufficient in itself.","es":""},"correct":false,"feedback":{"fr":"","en":"The single amount does not replace the cash flow information, which is given separately for the discontinued operation. Rule to remember: The cash flows of a discontinued operation are disclosed in the notes, in addition to the single amount (IFRS 5, para. 33).","es":""}},{"id":"B","text":{"fr":"","en":"Operating cash flows are shown, the other flows being grouped with those of continuing operations.","es":""},"correct":false,"feedback":{"fr":"","en":"Limiting the information to operating flows is incomplete: the information covers the flows of the discontinued operation as a whole. Rule to remember: The cash flows of a discontinued operation are disclosed in the notes, in addition to the single amount (IFRS 5, para. 33).","es":""}},{"id":"C","text":{"fr":"","en":"Information on the cash flows of the discontinued operation is given in the notes.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Cash flows are shown in the management report, outside the financial statements.","es":""},"correct":false,"feedback":{"fr":"","en":"The information is given in the notes to the financial statements; a cross-reference to the management report does not replace it. Rule to remember: The cash flows of a discontinued operation are disclosed in the notes, in addition to the single amount (IFRS 5, para. 33).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000086","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.COMPARATIVES"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000086","tested_point":"QST.IFRS5.000086","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-comparatives"},"references":["IFRS 5 §34"],"exercise":{"prompt":{"fr":"","en":"The comparative periods of the income statement are restated so that discontinued operations are presented separately.","es":""},"explanation":{"fr":"","en":"The comparative periods are restated so that discontinued operations are presented separately; the analysis covers all the periods presented (IFRS 5, para. 34). Trap: leaving the comparatives unchanged in the income statement. Rule to remember: Comparatives in the income statement are restated to isolate discontinued operations over all the periods presented.","es":""},"common_error":{"fr":"","en":"Leaving the comparatives unchanged in the income statement.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000087","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.COMPARATIVES"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000087","tested_point":"QST.IFRS5.000087","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000010","section_id":"rule-comparatives"},"references":["IFRS 5 §34"],"exercise":{"prompt":{"fr":"","en":"In N, Quirel classifies its Textile division as a discontinued operation. Its N-1 income statement, already published, included the revenue and expenses of that division in each line. Which treatment of the N-1 comparative is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"The comparative periods are restated to present the Textile division separately, as a discontinued operation, over all the periods presented; N-1 therefore isolates its result (IFRS 5, para. 34). Trap: leaving the comparatives unchanged in the income statement. Rule to remember: Restating the comparatives isolates the discontinued operation over all the periods presented.","es":""},"common_error":{"fr":"","en":"Leaving the comparatives unchanged in the income statement.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The N-1 income statement stays as published, discontinued operations being presented for the current year N.","es":""},"correct":false,"feedback":{"fr":"","en":"Leaving N-1 unchanged makes N and N-1 non-comparable: separate presentation applies to all the periods presented. Rule to remember: Restating the comparatives isolates the discontinued operation over all the periods presented (IFRS 5, para. 34).","es":""}},{"id":"B","text":{"fr":"","en":"The N-1 income statement is restated the other way round: the division is brought into continuing operations on every line.","es":""},"correct":false,"feedback":{"fr":"","en":"Bringing the division into continuing operations goes against the separate presentation expected for a discontinued operation. Rule to remember: Restating the comparatives isolates the discontinued operation over all the periods presented (IFRS 5, para. 34).","es":""}},{"id":"C","text":{"fr":"","en":"The N-1 income statement is restated: the division's result is isolated in the discontinued operations line.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The N-1 income statement is restated, but for the revenue line, the expenses staying unchanged.","es":""},"correct":false,"feedback":{"fr":"","en":"A partial restatement would leave division expenses in N-1 continuing operations; separate presentation covers all of its results. Rule to remember: Restating the comparatives isolates the discontinued operation over all the periods presented (IFRS 5, para. 34).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000088","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.PRIOR_PERIOD_ADJUSTMENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000088","tested_point":"QST.IFRS5.000088","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"rule-adjustments"},"references":["IFRS 5 §35"],"exercise":{"prompt":{"fr":"","en":"A period after the disposal of a discontinued operation, an adjustment arises on an amount previously presented in discontinued operations (for example a revised indemnity). How is it classified?","es":""},"explanation":{"fr":"","en":"Adjustments, in later periods, of amounts previously presented in discontinued operations are classified in discontinued operations (IFRS 5, para. 35). Trap: reclassifying the later adjustment to continuing operations. Rule to remember: A later adjustment of a discontinued operation amount stays in discontinued operations.","es":""},"common_error":{"fr":"","en":"Reclassifying the later adjustment to continuing operations.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"In continuing operations, because the business is now sold and no longer exists.","es":""},"correct":false,"feedback":{"fr":"","en":"Reclassifying the adjustment to continuing operations separates it from the original amount to which it relates; this is the common error. Rule to remember: A later adjustment of a discontinued operation amount stays in discontinued operations (IFRS 5, para. 35).","es":""}},{"id":"B","text":{"fr":"","en":"In other comprehensive income, because it is a revision of an estimate.","es":""},"correct":false,"feedback":{"fr":"","en":"No rule sends this adjustment to other comprehensive income: it follows the classification of the original amount. Rule to remember: A later adjustment of a discontinued operation amount stays in discontinued operations (IFRS 5, para. 35).","es":""}},{"id":"C","text":{"fr":"","en":"In opening equity, with a full restatement of prior periods.","es":""},"correct":false,"feedback":{"fr":"","en":"A restatement of opening equity is not the rule: the adjustment is presented with the period's discontinued operations. Rule to remember: A later adjustment of a discontinued operation amount stays in discontinued operations (IFRS 5, para. 35).","es":""}},{"id":"D","text":{"fr":"","en":"In discontinued operations, like the original amount to which it relates.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000089","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.CEASING_RECLASSIFICATION"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000089","tested_point":"QST.IFRS5.000089","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"rule-ceasing"},"references":["IFRS 5 §36"],"exercise":{"prompt":{"fr":"","en":"Four statements concern a component that ceases to be held for sale. Which one is wrong?","es":""},"explanation":{"fr":"","en":"When a component ceases to be held for sale, its results are reclassified to continuing operations for all the periods presented (IFRS 5, para. 36). Trap: not restating prior periods when reclassifying. Rule to remember: A component that ceases to be classified has its results reclassified to continuing operations for all the periods presented.","es":""},"common_error":{"fr":"","en":"Not restating prior periods when reclassifying.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The component's results are reclassified to continuing operations.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the component's results are reclassified to continuing operations. The error lies elsewhere. Rule to remember: A component that ceases to be classified has its results reclassified to continuing operations for all the periods presented (IFRS 5, para. 36).","es":""}},{"id":"B","text":{"fr":"","en":"The component's results stay presented as discontinued operations for the prior periods.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The reclassification applies to all the periods presented, comparatives included.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the reclassification applies to all the periods presented. The error lies elsewhere. Rule to remember: A component that ceases to be classified has its results reclassified to continuing operations for all the periods presented (IFRS 5, para. 36).","es":""}},{"id":"D","text":{"fr":"","en":"The component is no longer presented as a discontinued operation in the financial statements.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: without classification, the component is no longer a discontinued operation. The error lies elsewhere. Rule to remember: A component that ceases to be classified has its results reclassified to continuing operations for all the periods presented (IFRS 5, para. 36).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000090","standard_id":"IFRS5","concept_ids":["IFRS5.DISCONTINUED.LOSS_OF_CONTROL_NCI"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000090","tested_point":"QST.IFRS5.000090","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000011","section_id":"rule-nci"},"references":["IFRS 5 §36A"],"exercise":{"prompt":{"fr":"","en":"Parent company Valtour commits to a plan to sell 70% of a subsidiary that on its own represents a separate major line of business; it will keep 30% without control. The classification criteria are met. Which conclusion is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"An entity committed to a plan involving loss of control of a subsidiary gives the information on discontinued operations if the criteria of the definition are met, even with a non-controlling interest retained (IFRS 5, para. 36A). Trap: presenting the retained interest as a discontinued operation. Rule to remember: A plan involving loss of control triggers the information on discontinued operations if the criteria of the definition are met, even with a retained interest.","es":""},"common_error":{"fr":"","en":"Presenting the retained interest as a discontinued operation.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Information on discontinued operations is given if the definition is met, even with a retained interest.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"No information on discontinued operations is given as long as the parent keeps an interest, even a minority one, in the subsidiary.","es":""},"correct":false,"feedback":{"fr":"","en":"The retained interest does not remove the need for this information when the criteria of the definition are met. Rule to remember: A plan involving loss of control triggers the information on discontinued operations if the criteria of the definition are met, even with a retained interest (IFRS 5, para. 36A).","es":""}},{"id":"C","text":{"fr":"","en":"The 70% share sold alone is presented as a discontinued operation, the retained 30% interest being left out of the analysis.","es":""},"correct":false,"feedback":{"fr":"","en":"The analysis is not limited to the share sold: the subsidiary is classified with all its assets and liabilities, even if an interest is retained. Rule to remember: A plan involving loss of control triggers the information on discontinued operations if the criteria of the definition are met, even with a retained interest (IFRS 5, para. 36A).","es":""}},{"id":"D","text":{"fr":"","en":"The retained 30% interest is also presented as a discontinued operation, like the share sold.","es":""},"correct":false,"feedback":{"fr":"","en":"The retained interest is not presented as a discontinued operation: the error is to equate the retained interest with the operation sold. Rule to remember: A plan involving loss of control triggers the information on discontinued operations if the criteria of the definition are met, even with a retained interest (IFRS 5, para. 36A).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000091","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.SEPARATE_FROM_OTHER_ASSETS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000091","tested_point":"QST.IFRS5.000091","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-separate"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"An asset classified as held for sale stays presented among property, plant and equipment in the statement of financial position.","es":""},"explanation":{"fr":"","en":"Assets (or groups) held for sale are presented separately from other assets in the statement of financial position; they do not stay in property, plant and equipment (IFRS 5, para. 38). Trap: leaving the classified asset among fixed assets. Rule to remember: An asset held for sale is presented separately from other assets in the statement of financial position.","es":""},"common_error":{"fr":"","en":"Leaving the classified asset among fixed assets.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000092","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.SEPARATE_FROM_OTHER_ASSETS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000092","tested_point":"QST.IFRS5.000092","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-separate"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"How is a group classified as held for sale presented in the statement of financial position, on the assets side?","es":""},"explanation":{"fr":"","en":"The assets of a group held for sale are presented separately from other assets in the statement of financial position (IFRS 5, para. 38). Trap: leaving the classified asset among fixed assets. Rule to remember: The group held for sale occupies a separate line, apart from other assets.","es":""},"common_error":{"fr":"","en":"Leaving the classified asset among fixed assets.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Within property, plant and equipment, with a mention indicating the group's classification.","es":""},"correct":false,"feedback":{"fr":"","en":"A mere mention is not enough: the group is not left in property, plant and equipment, it is presented separately from other assets. Rule to remember: The group held for sale occupies a separate line, apart from other assets (IFRS 5, para. 38).","es":""}},{"id":"B","text":{"fr":"","en":"On a separate line, apart from the entity's other assets.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Grouped with inventories and receivables, within a single current-assets caption.","es":""},"correct":false,"feedback":{"fr":"","en":"Grouping with other current-asset captions would hide the classification; separate presentation is expected. Rule to remember: The group held for sale occupies a separate line, apart from other assets (IFRS 5, para. 38).","es":""}},{"id":"D","text":{"fr":"","en":"As a deduction from equity, as an adjustment to the value of the group.","es":""},"correct":false,"feedback":{"fr":"","en":"Equity does not receive the group's value; classified assets remain assets, presented separately. Rule to remember: The group held for sale occupies a separate line, apart from other assets (IFRS 5, para. 38).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000093","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.NO_OFFSET"],"dimension":"RULE_KNOWLEDGE","context":"V1_VG.IFRS5.000003","tested_point":"VG.IFRS5.000003","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-no-offset"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"How are the liabilities of a group classified as held for sale presented in relation to its assets?","es":""},"explanation":{"fr":"","en":"The liabilities of a group held for sale are presented separately from other liabilities, and are not offset against the group's assets (IFRS 5, para. 38). Trap: presenting a single net amount for the group. Rule to remember: The classified group's liabilities are presented separately and are not offset against its assets.","es":""},"common_error":{"fr":"","en":"Presenting a single net amount for the group.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"By offsetting against the group's assets, to present a single net amount on the assets side.","es":""},"correct":false,"feedback":{"fr":"","en":"A single net amount would be an offset, which the standard does not allow: the group's assets and liabilities stay presented separately. Rule to remember: The classified group's liabilities are presented separately and are not offset against its assets (IFRS 5, para. 38).","es":""}},{"id":"B","text":{"fr":"","en":"Within the entity's trade payables, with the other current liabilities.","es":""},"correct":false,"feedback":{"fr":"","en":"Mixing the group's liabilities with the other current liabilities hides their link with the classified group. Rule to remember: The classified group's liabilities are presented separately and are not offset against its assets (IFRS 5, para. 38).","es":""}},{"id":"C","text":{"fr":"","en":"Separately from other liabilities, without offsetting against the group's assets.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Separately from other liabilities, but as a deduction from the group's asset line.","es":""},"correct":false,"feedback":{"fr":"","en":"Presenting the liabilities as a deduction from the asset line is a disguised offset, even though the liabilities are separate from the others. Rule to remember: The classified group's liabilities are presented separately and are not offset against its assets (IFRS 5, para. 38).","es":""}}]},"scope":"CORE_STUDENT","reserve":true},{"key":"QST.IFRS5.000094","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.NO_OFFSET"],"dimension":"APPLICATION","context":"V1_VG.IFRS5.000003","tested_point":"VG.IFRS5.000003","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-no-offset"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"At the closing, Ostane's disposal group includes assets of €1,500,000 and directly related liabilities of €400,000. The accountant suggests a single net line of €1,100,000 on the assets side. Which presentation is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"The group's assets (1,500,000) and liabilities (400,000) are presented separately, the liabilities being distinct from other liabilities and not offset against the assets; the net line of 1,100,000 is therefore ruled out (IFRS 5, para. 38). Trap: presenting a single net amount for the group. Rule to remember: Assets and liabilities of a classified group are presented on separate lines, with no offsetting.","es":""},"common_error":{"fr":"","en":"Presenting a single net amount for the group.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"An asset line for assets held for sale of €1,500,000 and a separate line for related liabilities of €400,000, with no offsetting.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"A single net line of €1,100,000 on the assets side, because the liabilities are directly linked to the group's assets.","es":""},"correct":false,"feedback":{"fr":"","en":"A direct link does not justify offsetting: the group's liabilities are presented separately from the assets, not net. Rule to remember: Assets and liabilities of a classified group are presented on separate lines, with no offsetting (IFRS 5, para. 38).","es":""}},{"id":"C","text":{"fr":"","en":"An asset line of €1,500,000, the €400,000 liabilities being mixed with the entity's other debts.","es":""},"correct":false,"feedback":{"fr":"","en":"The group's liabilities are presented separately from other liabilities; mixing them with other debts hides their link with the group. Rule to remember: Assets and liabilities of a classified group are presented on separate lines, with no offsetting (IFRS 5, para. 38).","es":""}},{"id":"D","text":{"fr":"","en":"A liability line of €400,000, with no asset line, the group's assets staying in property, plant and equipment.","es":""},"correct":false,"feedback":{"fr":"","en":"The group's assets are also presented separately from other assets: leaving them in fixed assets drops the expected presentation. Rule to remember: Assets and liabilities of a classified group are presented on separate lines, with no offsetting (IFRS 5, para. 38).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000095","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.MAJOR_CLASSES"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000095","tested_point":"QST.IFRS5.000095","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-classes"},"references":["IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"What must be shown about the assets and liabilities of a group classified as held for sale?","es":""},"explanation":{"fr":"","en":"The group's liabilities are presented separately from other liabilities, and the main classes of assets and liabilities are shown in the balance sheet or in the notes (IFRS 5, para. 38). Trap: presenting only a total with no classes. Rule to remember: The main classes of assets and liabilities of a classified group are shown in the balance sheet or in the notes.","es":""},"common_error":{"fr":"","en":"Presenting only a total with no classes.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A single total per side of the balance sheet, with no detail of the classes that make it up.","es":""},"correct":false,"feedback":{"fr":"","en":"A mere total hides the group's composition: the main classes must be shown. Rule to remember: The main classes of assets and liabilities of a classified group are shown in the balance sheet or in the notes (IFRS 5, para. 38).","es":""}},{"id":"B","text":{"fr":"","en":"The classes of assets, since the group's liabilities can be inferred from their total.","es":""},"correct":false,"feedback":{"fr":"","en":"The group's liabilities also have their main classes to be shown; a single total is not enough for them. Rule to remember: The main classes of assets and liabilities of a classified group are shown in the balance sheet or in the notes (IFRS 5, para. 38).","es":""}},{"id":"C","text":{"fr":"","en":"The classes in the management report, outside the financial statements.","es":""},"correct":false,"feedback":{"fr":"","en":"The classes are given in the balance sheet or in the notes to the financial statements; the management report does not replace that information. Rule to remember: The main classes of assets and liabilities of a classified group are shown in the balance sheet or in the notes (IFRS 5, para. 38).","es":""}},{"id":"D","text":{"fr":"","en":"The main classes of assets and liabilities, in the balance sheet or in the notes.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000096","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.COMPARATIVES_NOT_RESTATED"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000096","tested_point":"QST.IFRS5.000096","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":45,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-comparatives"},"references":["IFRS 5 §40"],"exercise":{"prompt":{"fr":"","en":"When an asset is classified as held for sale, the statement of financial position of the comparative period is reclassified to present that asset separately.","es":""},"explanation":{"fr":"","en":"The comparative amounts in the statement of financial position are not reclassified: only the current period's statement shows the asset on the dedicated line, unlike the income statement for discontinued operations (IFRS 5, para. 40). Trap: restating the comparative balance sheet like the income statement. Rule to remember: The comparative amounts in the statement of financial position are not reclassified when an asset is classified.","es":""},"common_error":{"fr":"","en":"Restating the comparative balance sheet like the income statement.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000097","standard_id":"IFRS5","concept_ids":["IFRS5.DISCLOSURE.HELD_FOR_SALE_NOTE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000097","tested_point":"QST.IFRS5.000097","difficulty":"ADVANCED","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":140,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000013","section_id":"rule-note"},"references":["IFRS 5 §41"],"exercise":{"prompt":{"fr":"","en":"A group is classified as held for sale at the closing. Which of these items are among those required in the notes? More than one answer.","es":""},"explanation":{"fr":"","en":"The notes describe the asset or group, the facts and circumstances of the sale, the losses and reversals recognised and, where relevant, the segment concerned (IFRS 5, para. 41). Trap: omitting the facts and circumstances of the sale. Rule to remember: The notes on a group held for sale describe the asset, the facts and circumstances of the sale, the losses and reversals, and the segment.","es":""},"common_error":{"fr":"","en":"Omitting the facts and circumstances of the sale.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A description of the asset or group.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The facts and circumstances of the sale.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The named list of potential buyers already approached.","es":""},"correct":false,"feedback":{"fr":"","en":"The named list of buyers approached is not required information; it belongs to the confidentiality of the negotiation, not to financial information. Rule to remember: The notes on a group held for sale describe the asset, the facts and circumstances of the sale, the losses and reversals, and the segment (IFRS 5, para. 41).","es":""}},{"id":"D","text":{"fr":"","en":"The losses and reversals recognised on the asset or group.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"The detail of the remuneration of the executives in charge of the disposal.","es":""},"correct":false,"feedback":{"fr":"","en":"Executive remuneration is not information required in connection with classification; the standard does not establish a link with the disposal. Rule to remember: The notes on a group held for sale describe the asset, the facts and circumstances of the sale, the losses and reversals, and the segment (IFRS 5, para. 41).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000098","standard_id":"IFRS5","concept_ids":["IFRS5.DISCLOSURE.CRITERIA_MET_AFTER_PERIOD"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000098","tested_point":"QST.IFRS5.000098","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000013","section_id":"rule-after-period"},"references":["IFRS 5 §12","IFRS 5 §41"],"exercise":{"prompt":{"fr":"","en":"Lindor's accounts are drawn up at 31 December. The following February, before their authorisation, the board approves the sale of a plant and all the classification criteria are then met. Which information is consistent with IFRS 5 in the notes to the 31 December accounts?","es":""},"explanation":{"fr":"","en":"If the criteria are met after the reporting period, the asset is not classified at the closing, but the notes mention the situation with the description of the asset and the facts and circumstances of the sale (IFRS 5, paras. 12 and 41). Trap: disclosing nothing in the notes for criteria met after the closing. Rule to remember: Criteria met after the closing give rise to a mention in the notes, with no classification at the closing.","es":""},"common_error":{"fr":"","en":"Disclosing nothing in the notes for criteria met after the closing.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No mention, the plant staying in fixed assets and the decision being after the closing, hence without effect on these accounts as drawn up.","es":""},"correct":false,"feedback":{"fr":"","en":"Staying silent because the asset stays in fixed assets forgets the required information: criteria met after the closing are mentioned in the notes. Rule to remember: Criteria met after the closing give rise to a mention in the notes, with no classification at the closing (IFRS 5, paras. 12 and 41).","es":""}},{"id":"B","text":{"fr":"","en":"A mention that the criteria are met after the closing, with a description of the plant and of the facts and circumstances of the sale.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"A mention limited to the amount of the expected price, without a description of the plant or of the facts and circumstances.","es":""},"correct":false,"feedback":{"fr":"","en":"The price alone is not enough: the notes also describe the asset and the facts and circumstances of the sale. Rule to remember: Criteria met after the closing give rise to a mention in the notes, with no classification at the closing (IFRS 5, paras. 12 and 41).","es":""}},{"id":"D","text":{"fr":"","en":"A mention in the management report, the plant being already classified as held for sale at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"The plant is not classified at 31 December since the criteria are met only afterwards; the mention must appear in the notes to the financial statements. Rule to remember: Criteria met after the closing give rise to a mention in the notes, with no classification at the closing (IFRS 5, paras. 12 and 41).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000099","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS16"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000099","tested_point":"QST.IFRS5.000099","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias16-38"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"An item of equipment within IAS 16 is classified as held for sale. Which consequence is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"A non-current asset held for sale is no longer depreciated; after classification, it is the measurement of IFRS 5, not the logic of IAS 16, that applies (IFRS 5, para. 25). Trap: applying IAS 16 revaluation or depreciation rules to a classified asset. Rule to remember: After classification, the asset stops being depreciated, whatever the standard that measured it before.","es":""},"common_error":{"fr":"","en":"Applying the IAS 16 revaluation rules to a classified asset.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The equipment continues to be depreciated under IAS 16 until the date of sale.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer forgets that depreciation stops after classification; carrying on the charge under IAS 16 would be an error. Rule to remember: After classification, the asset stops being depreciated, whatever the standard that measured it before (IFRS 5, para. 25).","es":""}},{"id":"B","text":{"fr":"","en":"The equipment continues to be depreciated, but over a period shortened to the expected sale period.","es":""},"correct":false,"feedback":{"fr":"","en":"Shortening the depreciation period amounts to continuing to depreciate, which classification rules out. Rule to remember: After classification, the asset stops being depreciated, whatever the standard that measured it before (IFRS 5, para. 25).","es":""}},{"id":"C","text":{"fr":"","en":"The equipment continues to be revalued under the IAS 16 model until the sale.","es":""},"correct":false,"feedback":{"fr":"","en":"The IAS 16 revaluation model no longer applies to a classified asset: measurement follows the IFRS 5 lower-of rule. Rule to remember: After classification, the asset stops being depreciated, whatever the standard that measured it before (IFRS 5, para. 25).","es":""}},{"id":"D","text":{"fr":"","en":"The equipment is no longer depreciated from classification.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000100","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS38"],"dimension":"ANALYSIS","context":"V1_QST.IFRS5.000100","tested_point":"QST.IFRS5.000100","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias16-38"},"references":["IFRS 5 §25"],"exercise":{"prompt":{"fr":"","en":"Four statements concern an intangible asset (IAS 38) classified as held for sale. Which one is wrong?","es":""},"explanation":{"fr":"","en":"A non-current asset held for sale is no longer depreciated or amortised, which also covers intangible assets (IFRS 5, para. 25). Trap: carrying on amortising a classified intangible asset. Rule to remember: An intangible asset classified as held for sale stops being amortised.","es":""},"common_error":{"fr":"","en":"Carrying on amortising a classified intangible asset.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It stops being amortised from the date of its classification.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: amortisation stops from classification. The error lies elsewhere. Rule to remember: An intangible asset classified as held for sale stops being amortised (IFRS 5, para. 25).","es":""}},{"id":"B","text":{"fr":"","en":"The stop of amortisation covers intangible assets as well as tangible ones.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: the stop also concerns intangible assets. The error lies elsewhere. Rule to remember: An intangible asset classified as held for sale stops being amortised (IFRS 5, para. 25).","es":""}},{"id":"C","text":{"fr":"","en":"It continues to be amortised under IAS 38 until it is sold, as before its classification.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Classification as held for sale is the cause of the stop of amortisation.","es":""},"correct":false,"feedback":{"fr":"","en":"This statement is accurate: it is indeed classification that ends amortisation. The error lies elsewhere. Rule to remember: An intangible asset classified as held for sale stops being amortised (IFRS 5, para. 25).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000101","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS36"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000101","tested_point":"QST.IFRS5.000101","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias36"},"references":["IFRS 5 §23"],"exercise":{"prompt":{"fr":"","en":"A disposal group of Pyral includes goodwill of €50,000 and a machine of €150,000 (carrying amounts after prior remeasurement). Its carrying amount exceeds its fair value less costs to sell by €80,000. Case convention: the IAS 36 order applies (goodwill first, then the balance pro rata), with no other asset to share pro rata and no floor. How is the loss allocated?","es":""},"explanation":{"fr":"","en":"Under the IAS 36 order, the loss of 80,000 first reduces goodwill, up to 50,000, then the balance of 30,000 is allocated to the machine; the total allocated is indeed 80,000 (IFRS 5, para. 23). Trap: applying value in use to a classified asset or ignoring the IAS 36 allocation order. Rule to remember: a group's loss is allocated in the IAS 36 order referred to by the standard, goodwill first, then pro rata to the other assets within the measurement scope.","es":""},"common_error":{"fr":"","en":"Applying value in use after classification.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"€50,000 to goodwill, then €30,000 to the machine.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"€20,000 to goodwill and €60,000 to the machine, pro rata to carrying amounts.","es":""},"correct":false,"feedback":{"fr":"","en":"This pro rata split forgets that goodwill is reduced first: the IAS 36 order prevails over an overall pro rata. Rule to remember: a group's loss is allocated in the IAS 36 order referred to by the standard, goodwill first, then pro rata to the other assets within the measurement scope (IFRS 5, para. 23).","es":""}},{"id":"C","text":{"fr":"","en":"€80,000 to the machine, goodwill staying intact.","es":""},"correct":false,"feedback":{"fr":"","en":"Leaving goodwill intact inverts the order: it is reduced first, then the balance is allocated to the other assets. Rule to remember: a group's loss is allocated in the IAS 36 order referred to by the standard, goodwill first, then pro rata to the other assets within the measurement scope (IFRS 5, para. 23).","es":""}},{"id":"D","text":{"fr":"","en":"€40,000 to goodwill and €40,000 to the machine, by equal split.","es":""},"correct":false,"feedback":{"fr":"","en":"An equal split matches no rule: the IAS 36 order reduces goodwill first, then allocates the balance. Rule to remember: a group's loss is allocated in the IAS 36 order referred to by the standard, goodwill first, then pro rata to the other assets within the measurement scope (IFRS 5, para. 23).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000102","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS40"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000102","tested_point":"QST.IFRS5.000102","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias40"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Vermeil classifies as held for sale an investment property measured under the IAS 40 fair value model. Which measurement treatment is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"Investment property measured under the fair value model is among the assets excluded from IFRS 5 measurement; it remains presented as held for sale (IFRS 5, para. 5). Trap: applying lower-of measurement to a property at fair value. Rule to remember: an investment property measured at fair value is among the exclusions from IFRS 5 measurement.","es":""},"common_error":{"fr":"","en":"Applying lower-of measurement to a property at fair value.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It is among the assets excluded from IFRS 5 measurement and keeps its fair value measurement under IAS 40.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"It is measured at the lower of its carrying amount and its fair value less costs to sell.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer applies the lower-of rule to an investment property at fair value, whereas it is among the exclusions from IFRS 5 measurement. Rule to remember: an investment property measured at fair value is among the exclusions from IFRS 5 measurement (IFRS 5, para. 5).","es":""}},{"id":"C","text":{"fr":"","en":"It is measured at historical cost from classification, the fair value model being abandoned.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer replaces the fair value model with historical cost, which classification does not provide for this property. Rule to remember: an investment property measured at fair value is among the exclusions from IFRS 5 measurement (IFRS 5, para. 5).","es":""}},{"id":"D","text":{"fr":"","en":"It leaves the balance sheet on classification and is only presented in the notes.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer confuses classification with leaving the balance sheet: the asset excluded from measurement remains presented as held for sale. Rule to remember: an investment property measured at fair value is among the exclusions from IFRS 5 measurement (IFRS 5, para. 5).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000104","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IAS12"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IFRS5.000104","tested_point":"QST.IFRS5.000104","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ias12"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"A disposal group includes a deferred tax asset. Which treatment is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"Deferred tax assets are excluded from the IFRS 5 measurement scope; they stay presented as held for sale, with the IAS 12 measurement (IFRS 5, para. 5). Trap: reducing a deferred tax asset through lower-of measurement. Rule to remember: A deferred tax asset of the group keeps the IAS 12 measurement and stays presented with the assets held for sale.","es":""},"common_error":{"fr":"","en":"Reducing a deferred tax asset through lower-of measurement.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The deferred tax asset is brought down to fair value less costs to sell, like the group's other assets.","es":""},"correct":false,"feedback":{"fr":"","en":"This answer applies the lower-of rule to an asset excluded from measurement; the deferred tax asset falls under IAS 12. Rule to remember: A deferred tax asset of the group keeps the IAS 12 measurement and stays presented with the assets held for sale (IFRS 5, para. 5).","es":""}},{"id":"B","text":{"fr":"","en":"The deferred tax asset is taken out of the group and presented among the entity's tax assets.","es":""},"correct":false,"feedback":{"fr":"","en":"Exclusion from measurement does not take it out of presentation: excluded assets stay presented as held for sale. Rule to remember: A deferred tax asset of the group keeps the IAS 12 measurement and stays presented with the assets held for sale (IFRS 5, para. 5).","es":""}},{"id":"C","text":{"fr":"","en":"The deferred tax asset stays measured under IAS 12 and stays presented with the assets held for sale.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The deferred tax asset is removed from the balance sheet at the classification date of the group.","es":""},"correct":false,"feedback":{"fr":"","en":"Classification does not make the asset disappear: it is kept, measured under IAS 12 and presented with the group. Rule to remember: A deferred tax asset of the group keeps the IAS 12 measurement and stays presented with the assets held for sale (IFRS 5, para. 5).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000105","standard_id":"IFRS5","concept_ids":["IFRS5.INTERACTIONS.IFRS9"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000105","tested_point":"QST.IFRS5.000105","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000014","section_id":"rule-ifrs9"},"references":["IFRS 5 §5"],"exercise":{"prompt":{"fr":"","en":"Marnel's disposal group includes a machine (€400,000) and a financial receivable measured under IFRS 9 (€200,000). Its fair value less costs to sell is €560,000. Case convention: the group's loss is allocated only to the assets within the measurement scope. Which treatment is consistent with IFRS 5?","es":""},"explanation":{"fr":"","en":"A financial asset within IFRS 9 is excluded from the measurement scope and stays presented with the group; the group's loss, 400,000 + 200,000 − 560,000 = 40,000, is therefore allocated to the machine under the case convention (IFRS 5, para. 5). Trap: measuring a financial asset of the group at fair value less costs to sell. Rule to remember: An IFRS 9 financial asset keeps its measurement and stays presented with the group; the group's loss goes to the assets within the measurement scope (case convention).","es":""},"common_error":{"fr":"","en":"Measuring a financial asset of the group at fair value less costs to sell.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Loss of €40,000 spread pro rata to carrying amounts between the machine and the group's financial receivable.","es":""},"correct":false,"feedback":{"fr":"","en":"A pro rata split would reach the receivable, whereas an IFRS 9 financial asset is excluded from the measurement scope and is not reduced. Rule to remember: An IFRS 9 financial asset keeps its measurement and stays presented with the group; the group's loss goes to the assets within the measurement scope (case convention) (IFRS 5, para. 5).","es":""}},{"id":"B","text":{"fr":"","en":"Loss of €40,000 allocated to the machine; the receivable keeps its IFRS 9 measurement and stays presented with the group.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"No loss to recognise, the financial receivable being excluded from measurement, which neutralises the group's gap.","es":""},"correct":false,"feedback":{"fr":"","en":"Excluding the receivable does not neutralise the group's gap: the loss exists (600,000 − 560,000) and is allocated to the assets in scope. Rule to remember: An IFRS 9 financial asset keeps its measurement and stays presented with the group; the group's loss goes to the assets within the measurement scope (case convention) (IFRS 5, para. 5).","es":""}},{"id":"D","text":{"fr":"","en":"Loss of €40,000 allocated to the financial receivable, which is brought down to €160,000 by applying the lower-of rule.","es":""},"correct":false,"feedback":{"fr":"","en":"Bringing the receivable down to €160,000 amounts to applying fair value less costs to sell to it, although it is excluded. Rule to remember: An IFRS 9 financial asset keeps its measurement and stays presented with the group; the group's loss goes to the assets within the measurement scope (case convention) (IFRS 5, para. 5).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000106","standard_id":"IFRS5","concept_ids":["IFRS5.MEASUREMENT.WRITEDOWN_LOSS"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000106","tested_point":"QST.IFRS5.000106","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000005","section_id":"rule-loss"},"references":["IFRS 5 §37","IFRS 5 §20"],"exercise":{"prompt":{"fr":"","en":"Calvane classifies a warehouse as held for sale and writes it down to its fair value less costs to sell, which results in an impairment loss of 80,000. Case data: the warehouse is not part of a discontinued operation. Where is this loss presented?","es":""},"explanation":{"fr":"","en":"An impairment loss is recognised for any write-down of the asset to fair value less costs to sell (IFRS 5, para. 20). When the asset held for sale is not part of a discontinued operation, gains and losses on remeasurement are included in profit or loss from continuing operations (IFRS 5, para. 37). The absence of a discontinued operation is case data here. Trap: confusing « held for sale » with « discontinued operation ». Rule to remember: outside a discontinued operation, the impairment loss on an asset held for sale goes to profit or loss from continuing operations.","es":""},"common_error":{"fr":"","en":"Presenting with discontinued operations the impairment loss on any asset held for sale.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"In the single amount for discontinued operations, since the warehouse is to be sold.","es":""},"correct":false,"feedback":{"fr":"","en":"Being held for sale does not make an asset a discontinued operation: outside a discontinued operation, the loss is included in profit or loss from continuing operations (IFRS 5, para. 37).","es":""}},{"id":"B","text":{"fr":"","en":"In other comprehensive income, until the warehouse is actually sold.","es":""},"correct":false,"feedback":{"fr":"","en":"The impairment loss is recognised in profit or loss at the write-down, without waiting for the sale; outside a discontinued operation, in profit or loss from continuing operations (IFRS 5, paras. 20 and 37).","es":""}},{"id":"C","text":{"fr":"","en":"In profit or loss from continuing operations.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Directly in equity, without going through the statement of comprehensive income.","es":""},"correct":false,"feedback":{"fr":"","en":"The loss does not bypass the statement of comprehensive income: outside a discontinued operation, it is included in profit or loss from continuing operations (IFRS 5, para. 37).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IFRS5.000107","standard_id":"IFRS5","concept_ids":["IFRS5.PRESENTATION.MAJOR_CLASSES"],"dimension":"APPLICATION","context":"V1_QST.IFRS5.000107","tested_point":"QST.IFRS5.000107","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":100,"lesson_id":null,"review":{"standard_id":"IFRS5","lesson_id":"LS.IFRS5.000012","section_id":"rule-classes"},"references":["IFRS 5 §39","IFRS 5 §38"],"exercise":{"prompt":{"fr":"","en":"The Dorlan group acquires Emeric exclusively with a view to resale. Case data: from the acquisition date, Emeric meets the conditions to be classified as held for sale. What must Dorlan do about the major classes of Emeric's assets and liabilities?","es":""},"explanation":{"fr":"","en":"In principle, the major classes of assets and liabilities of a disposal group held for sale are disclosed in the statement of financial position or in the notes, and the assets and liabilities of the group are presented separately from the others, without offsetting (IFRS 5, para. 38). By exception, for a subsidiary acquired exclusively with a view to resale and classified as held for sale on acquisition (para. 11), the entity is exempt from this detail (IFRS 5, para. 39). Classification on acquisition is case data here. Trap: applying the general disclosure requirement to a subsidiary acquired for resale. Rule to remember: subsidiary acquired for resale and classified on acquisition, no detail of the major classes; separate presentation and no offsetting still apply.","es":""},"common_error":{"fr":"","en":"Requiring the detail of the major classes for a subsidiary acquired exclusively with a view to resale.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Disclose them in the statement of financial position or in the notes, as for any disposal group classified as held for sale.","es":""},"correct":false,"feedback":{"fr":"","en":"That is the general rule; for a subsidiary acquired exclusively with a view to resale and classified on acquisition, the entity is exempt from this detail (IFRS 5, para. 39).","es":""}},{"id":"B","text":{"fr":"","en":"It is exempt from disclosing them; Emeric's assets and liabilities are still presented separately from the others.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Disclose them only in the notes, as the statement of financial position can never present them.","es":""},"correct":false,"feedback":{"fr":"","en":"This detail is not required here; and when it is, it may be given in the statement of financial position or in the notes (IFRS 5, paras. 38 and 39).","es":""}},{"id":"D","text":{"fr":"","en":"Offset Emeric's assets and liabilities and present only their net amount in the statement of financial position.","es":""},"correct":false,"feedback":{"fr":"","en":"Assets and liabilities of a disposal group held for sale are not offset into a single amount (IFRS 5, para. 38); only the disclosure of the detail is lifted (para. 39).","es":""}}]},"scope":"CORE_STUDENT"}],"reviewTitles":{"LX.IFRS5.000001":"IFRS 5: purpose, scope and disposal group — Understand: what is IFRS 5 for?","LX.IFRS5.000002":"IFRS 5: purpose, scope and disposal group — Understand: what is IFRS 5 for?","LX.IFRS5.000003":"IFRS 5: purpose, scope and disposal group — The rule: the group is measured as a whole","LX.IFRS5.000004":"IFRS 5: purpose, scope and disposal group — Measurement exclusions","LX.IFRS5.000005":"IFRS 5: purpose, scope and disposal group — Measurement exclusions","LX.IFRS5.000006":"IFRS 5: purpose, scope and disposal group — The rule: the group is measured as a whole","LX.IFRS5.000007":"IFRS 5: purpose, scope and disposal group — Assets held for distribution","LX.IFRS5.000008":"IFRS 5: purpose, scope and disposal group — Points of attention","LX.IFRS5.000009":"IFRS 5: purpose, scope and disposal group — Professional judgement: mapping a group","LX.IFRS5.000010":"Classification as held for sale — The rule: recovery principally through sale","LX.IFRS5.000011":"Classification as held for sale — First criterion: available for immediate sale","LX.IFRS5.000012":"Classification as held for sale — Second criterion: a highly probable sale","LX.IFRS5.000013":"Classification as held for sale — Second criterion: a highly probable sale","LX.IFRS5.000014":"Classification as held for sale — Simple example: three situations at Bravane","LX.IFRS5.000015":"Classification as held for sale — Second criterion: a highly probable sale","LX.IFRS5.000016":"Classification as held for sale — Second criterion: a highly probable sale","LX.IFRS5.000017":"Classification as held for sale — Points of attention","LX.IFRS5.000018":"Classification as held for sale — Professional judgement: assessing \"highly probable\"","LX.IFRS5.000019":"Classification: abandonment, distribution and special cases — The rule: an abandoned asset is not held for sale","LX.IFRS5.000020":"Classification: abandonment, distribution and special cases — The rule: an abandoned asset is not held for sale","LX.IFRS5.000021":"Classification: abandonment, distribution and special cases — Simple example: three decisions at Brindel","LX.IFRS5.000022":"Classification: abandonment, distribution and special cases — Classification as held for distribution","LX.IFRS5.000023":"Classification: abandonment, distribution and special cases — Classification as held for distribution","LX.IFRS5.000024":"Classification: abandonment, distribution and special cases — A completion period longer than one year","LX.IFRS5.000025":"Classification: abandonment, distribution and special cases — Loss of control of a subsidiary","LX.IFRS5.000026":"Classification: abandonment, distribution and special cases — An asset acquired for resale","LX.IFRS5.000027":"Classification: abandonment, distribution and special cases — Criteria met after the reporting period","LX.IFRS5.000028":"Classification: abandonment, distribution and special cases — Professional judgement: borderline classification cases","LX.IFRS5.000029":"Measuring at the lower of carrying amount and fair value less costs to sell — The rule: the lower of the two amounts","LX.IFRS5.000030":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","LX.IFRS5.000031":"Measuring at the lower of carrying amount and fair value less costs to sell — Numeric example: two assets at Dalvane","LX.IFRS5.000032":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","LX.IFRS5.000033":"Measuring at the lower of carrying amount and fair value less costs to sell — Numeric example: two assets at Dalvane","LX.IFRS5.000034":"Measuring at the lower of carrying amount and fair value less costs to sell — Numeric example: Dalvane's building","LX.IFRS5.000035":"Measuring at the lower of carrying amount and fair value less costs to sell — The carrying amount just before reclassification","LX.IFRS5.000036":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","LX.IFRS5.000037":"Measuring at the lower of carrying amount and fair value less costs to sell — Costs to sell beyond one year: discounting","LX.IFRS5.000038":"Measuring at the lower of carrying amount and fair value less costs to sell — An asset acquired and classified at acquisition","LX.IFRS5.000039":"Measuring at the lower of carrying amount and fair value less costs to sell — Professional judgement: fair value, costs and discounting","LX.IFRS5.000040":"Write-down on classification and limited reversal — The rule: the loss goes to profit or loss","LX.IFRS5.000041":"Write-down on classification and limited reversal — Understand: recognise the loss straight away","LX.IFRS5.000042":"Write-down on classification and limited reversal — Numeric example: Orlane's asset","LX.IFRS5.000043":"Write-down on classification and limited reversal — The reclassification and loss entries","LX.IFRS5.000044":"Write-down on classification and limited reversal — The reclassification and loss entries","LX.IFRS5.000045":"Write-down on classification and limited reversal — Numeric example: Orlane's asset","LX.IFRS5.000046":"Write-down on classification and limited reversal — The reversal entry","LX.IFRS5.000047":"Write-down on classification and limited reversal — The rule: a reversal, but capped","LX.IFRS5.000048":"Write-down on classification and limited reversal — Points of attention","LX.IFRS5.000049":"Write-down on classification and limited reversal — Points of attention","LX.IFRS5.000050":"After classification: no depreciation, liability expenses and disposal — The rule: depreciation stops","LX.IFRS5.000051":"After classification: no depreciation, liability expenses and disposal — The rule: depreciation stops","LX.IFRS5.000052":"After classification: no depreciation, liability expenses and disposal — Numeric example: Pelvane's machine","LX.IFRS5.000053":"After classification: no depreciation, liability expenses and disposal — The entry: the last depreciation charge","LX.IFRS5.000054":"After classification: no depreciation, liability expenses and disposal — Expenses on liabilities continue","LX.IFRS5.000055":"After classification: no depreciation, liability expenses and disposal — The disposal: gain or loss on derecognition","LX.IFRS5.000056":"After classification: no depreciation, liability expenses and disposal — The disposal entry","LX.IFRS5.000057":"After classification: no depreciation, liability expenses and disposal — Points of attention","LX.IFRS5.000058":"Disposal groups: prior remeasurement and allocation of the loss — The rule: the loss reduces the non-current assets within scope","LX.IFRS5.000059":"Disposal groups: prior remeasurement and allocation of the loss — Numeric example: Vendale's group","LX.IFRS5.000060":"Disposal groups: prior remeasurement and allocation of the loss — The allocation entry","LX.IFRS5.000061":"Disposal groups: prior remeasurement and allocation of the loss — Numeric example: Vendale's group","LX.IFRS5.000062":"Disposal groups: prior remeasurement and allocation of the loss — Measurement for distribution","LX.IFRS5.000063":"Disposal groups: prior remeasurement and allocation of the loss — First remeasure the items outside the scope","LX.IFRS5.000064":"Disposal groups: prior remeasurement and allocation of the loss — First remeasure the items outside the scope","LX.IFRS5.000065":"Disposal groups: prior remeasurement and allocation of the loss — Goodwill first, then pro rata","LX.IFRS5.000066":"Change of plan: ceasing to be classified as for sale — The rule: no criteria, no classification","LX.IFRS5.000067":"Change of plan: ceasing to be classified as for sale — The rule: no criteria, no classification","LX.IFRS5.000068":"Change of plan: ceasing to be classified as for sale — Numeric example: Calvane's equipment","LX.IFRS5.000069":"Change of plan: ceasing to be classified as for sale — Numeric example: Calvane's equipment","LX.IFRS5.000070":"Change of plan: ceasing to be classified as for sale — The entry on leaving the classification","LX.IFRS5.000071":"Change of plan: ceasing to be classified as for sale — Measurement on leaving the classification","LX.IFRS5.000072":"Change of plan: ceasing to be classified as for sale — Points of attention","LX.IFRS5.000073":"Change of plan: ceasing to be classified as for sale — Direct change between sale and distribution","LX.IFRS5.000074":"Change of plan: ceasing to be classified as for sale — Disclosure on the change of plan","LX.IFRS5.000075":"Discontinued operations: the component and the definition — A component of an entity","LX.IFRS5.000076":"Discontinued operations: the component and the definition — The definition of a discontinued operation","LX.IFRS5.000077":"Discontinued operations: the component and the definition — Simple example: four situations at Mervane","LX.IFRS5.000078":"Discontinued operations: the component and the definition — The definition of a discontinued operation","LX.IFRS5.000079":"Discontinued operations: the component and the definition — A subsidiary acquired for resale","LX.IFRS5.000080":"Discontinued operations: the component and the definition — Points of attention","LX.IFRS5.000081":"Discontinued operations: the component and the definition — Professional judgement: \"major and separate\"","LX.IFRS5.000082":"Presenting discontinued operations: single amount, analysis and comparatives — The rule: a single amount in the income statement","LX.IFRS5.000083":"Presenting discontinued operations: single amount, analysis and comparatives — Understand: one line for everything that stops","LX.IFRS5.000084":"Presenting discontinued operations: single amount, analysis and comparatives — Numeric example: Mervane's Transport division","LX.IFRS5.000085":"Presenting discontinued operations: single amount, analysis and comparatives — The analysis of the single amount","LX.IFRS5.000086":"Presenting discontinued operations: single amount, analysis and comparatives — The analysis of the single amount","LX.IFRS5.000087":"Presenting discontinued operations: single amount, analysis and comparatives — Restated comparative periods","LX.IFRS5.000088":"Presenting discontinued operations: single amount, analysis and comparatives — The separate income statement","LX.IFRS5.000089":"Presenting discontinued operations: single amount, analysis and comparatives — Cash flows of the discontinued operation","LX.IFRS5.000090":"Presenting discontinued operations: single amount, analysis and comparatives — Points of attention","LX.IFRS5.000091":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — Later adjustments of amounts already presented","LX.IFRS5.000092":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — Later adjustments of amounts already presented","LX.IFRS5.000093":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — A component that ceases to be held for sale","LX.IFRS5.000094":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — Loss of control and retained interest","LX.IFRS5.000095":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — Points of attention","LX.IFRS5.000096":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — Professional judgement: following the scope over time","LX.IFRS5.000097":"Presenting assets and liabilities held for sale — The rule: a separate line for assets","LX.IFRS5.000098":"Presenting assets and liabilities held for sale — The group's liabilities, without offsetting","LX.IFRS5.000099":"Presenting assets and liabilities held for sale — Numeric example: Vendale's group in the statement of financial position","LX.IFRS5.000100":"Presenting assets and liabilities held for sale — The main classes","LX.IFRS5.000101":"Presenting assets and liabilities held for sale — Comparatives in the statement of financial position","LX.IFRS5.000102":"Presenting assets and liabilities held for sale — Points of attention","LX.IFRS5.000103":"Presenting assets and liabilities held for sale — The group's liabilities, without offsetting","LX.IFRS5.000104":"Disclosures in the notes — The content of the notes","LX.IFRS5.000105":"Disclosures in the notes — Criteria met after the reporting period","LX.IFRS5.000106":"Disclosures in the notes — Points of attention","LX.IFRS5.000107":"Disclosures in the notes — Professional judgement: building the disclosure file","LX.IFRS5.000108":"Disclosures in the notes — Professional judgement: building the disclosure file","LX.IFRS5.000109":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 16 and IAS 38: depreciation stops","LX.IFRS5.000110":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 16 and IAS 38: depreciation stops","LX.IFRS5.000111":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 36: before and after classification","LX.IFRS5.000112":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — Numeric example: two successive losses","LX.IFRS5.000113":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 40: two measurement models","LX.IFRS5.000114":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IFRS 13: fair value and costs to sell","LX.IFRS5.000115":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 12: deferred tax assets and post-tax result","LX.IFRS5.000116":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — Professional judgement: mapping the standards involved","QST.IFRS5.000001":"IFRS 5: purpose, scope and disposal group — Understand: what is IFRS 5 for?","QST.IFRS5.000002":"IFRS 5: purpose, scope and disposal group — Understand: what is IFRS 5 for?","QST.IFRS5.000003":"IFRS 5: purpose, scope and disposal group — The rule: the group is measured as a whole","QST.IFRS5.000004":"IFRS 5: purpose, scope and disposal group — The rule: the group is measured as a whole","QST.IFRS5.000005":"IFRS 5: purpose, scope and disposal group — Measurement exclusions","QST.IFRS5.000006":"IFRS 5: purpose, scope and disposal group — Other assets with their own measurement","QST.IFRS5.000007":"IFRS 5: purpose, scope and disposal group — Assets held for distribution","QST.IFRS5.000008":"Classification as held for sale — The rule: recovery principally through sale","QST.IFRS5.000009":"Classification as held for sale — The rule: recovery principally through sale","QST.IFRS5.000010":"Classification as held for sale — First criterion: available for immediate sale","QST.IFRS5.000012":"Classification as held for sale — Second criterion: a highly probable sale","QST.IFRS5.000013":"Classification as held for sale — Second criterion: a highly probable sale","QST.IFRS5.000014":"Classification as held for sale — Second criterion: a highly probable sale","QST.IFRS5.000016":"Classification as held for sale — Second criterion: a highly probable sale","QST.IFRS5.000017":"Classification as held for sale — Second criterion: a highly probable sale","QST.IFRS5.000018":"Classification: abandonment, distribution and special cases — A completion period longer than one year","QST.IFRS5.000019":"Classification: abandonment, distribution and special cases — Loss of control of a subsidiary","QST.IFRS5.000020":"Classification: abandonment, distribution and special cases — An asset acquired for resale","QST.IFRS5.000021":"Classification: abandonment, distribution and special cases — Criteria met after the reporting period","QST.IFRS5.000022":"Classification: abandonment, distribution and special cases — Classification as held for distribution","QST.IFRS5.000023":"Classification: abandonment, distribution and special cases — The rule: an abandoned asset is not held for sale","QST.IFRS5.000024":"Classification: abandonment, distribution and special cases — An asset temporarily out of use","QST.IFRS5.000025":"Measuring at the lower of carrying amount and fair value less costs to sell — The rule: the lower of the two amounts","QST.IFRS5.000026":"Measuring at the lower of carrying amount and fair value less costs to sell — The rule: the lower of the two amounts","QST.IFRS5.000027":"Measuring at the lower of carrying amount and fair value less costs to sell — The rule: the lower of the two amounts","QST.IFRS5.000028":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","QST.IFRS5.000029":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","QST.IFRS5.000031":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","QST.IFRS5.000032":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","QST.IFRS5.000033":"Measuring at the lower of carrying amount and fair value less costs to sell — Fair value and costs to sell","QST.IFRS5.000034":"Measuring at the lower of carrying amount and fair value less costs to sell — Costs to sell beyond one year: discounting","QST.IFRS5.000035":"Measuring at the lower of carrying amount and fair value less costs to sell — Costs to sell beyond one year: discounting","QST.IFRS5.000036":"Measuring at the lower of carrying amount and fair value less costs to sell — An asset acquired and classified at acquisition","QST.IFRS5.000037":"Measuring at the lower of carrying amount and fair value less costs to sell — An asset acquired and classified at acquisition","QST.IFRS5.000038":"Measuring at the lower of carrying amount and fair value less costs to sell — The carrying amount just before reclassification","QST.IFRS5.000040":"Measuring at the lower of carrying amount and fair value less costs to sell — The carrying amount just before reclassification","QST.IFRS5.000041":"Disposal groups: prior remeasurement and allocation of the loss — First remeasure the items outside the scope","QST.IFRS5.000042":"Disposal groups: prior remeasurement and allocation of the loss — First remeasure the items outside the scope","QST.IFRS5.000043":"Write-down on classification and limited reversal — The rule: the loss goes to profit or loss","QST.IFRS5.000045":"Write-down on classification and limited reversal — The rule: the loss goes to profit or loss","QST.IFRS5.000046":"Write-down on classification and limited reversal — The rule: a reversal, but capped","QST.IFRS5.000048":"Write-down on classification and limited reversal — The rule: a reversal, but capped","QST.IFRS5.000049":"Disposal groups: prior remeasurement and allocation of the loss — The rule: the loss reduces the non-current assets within scope","QST.IFRS5.000050":"Disposal groups: prior remeasurement and allocation of the loss — The rule: the loss reduces the non-current assets within scope","QST.IFRS5.000053":"After classification: no depreciation, liability expenses and disposal — The disposal: gain or loss on derecognition","QST.IFRS5.000054":"After classification: no depreciation, liability expenses and disposal — The disposal: gain or loss on derecognition","QST.IFRS5.000056":"After classification: no depreciation, liability expenses and disposal — The rule: depreciation stops","QST.IFRS5.000057":"After classification: no depreciation, liability expenses and disposal — The rule: depreciation stops","QST.IFRS5.000060":"After classification: no depreciation, liability expenses and disposal — Expenses on liabilities continue","QST.IFRS5.000061":"Disposal groups: prior remeasurement and allocation of the loss — Measurement for distribution","QST.IFRS5.000062":"Disposal groups: prior remeasurement and allocation of the loss — Measurement for distribution","QST.IFRS5.000063":"Change of plan: ceasing to be classified as for sale — The rule: no criteria, no classification","QST.IFRS5.000064":"Change of plan: ceasing to be classified as for sale — The rule: no criteria, no classification","QST.IFRS5.000065":"Change of plan: ceasing to be classified as for sale — Measurement on leaving the classification","QST.IFRS5.000066":"Change of plan: ceasing to be classified as for sale — Measurement on leaving the classification","QST.IFRS5.000067":"Change of plan: ceasing to be classified as for sale — Measurement on leaving the classification","QST.IFRS5.000068":"Change of plan: ceasing to be classified as for sale — Measurement on leaving the classification","QST.IFRS5.000069":"Change of plan: ceasing to be classified as for sale — Where to present the adjustment?","QST.IFRS5.000071":"Change of plan: ceasing to be classified as for sale — Direct change between sale and distribution","QST.IFRS5.000072":"Change of plan: ceasing to be classified as for sale — Disclosure on the change of plan","QST.IFRS5.000073":"Discontinued operations: the component and the definition — A component of an entity","QST.IFRS5.000074":"Discontinued operations: the component and the definition — A component of an entity","QST.IFRS5.000075":"Discontinued operations: the component and the definition — The definition of a discontinued operation","QST.IFRS5.000077":"Discontinued operations: the component and the definition — A subsidiary acquired for resale","QST.IFRS5.000078":"Presenting discontinued operations: single amount, analysis and comparatives — The rule: a single amount in the income statement","QST.IFRS5.000079":"Presenting discontinued operations: single amount, analysis and comparatives — The rule: a single amount in the income statement","QST.IFRS5.000080":"Presenting discontinued operations: single amount, analysis and comparatives — The rule: a single amount in the income statement","QST.IFRS5.000081":"Presenting discontinued operations: single amount, analysis and comparatives — The analysis of the single amount","QST.IFRS5.000082":"Presenting discontinued operations: single amount, analysis and comparatives — The analysis of the single amount","QST.IFRS5.000083":"Presenting discontinued operations: single amount, analysis and comparatives — The analysis of the single amount","QST.IFRS5.000084":"Presenting discontinued operations: single amount, analysis and comparatives — The separate income statement","QST.IFRS5.000085":"Presenting discontinued operations: single amount, analysis and comparatives — Cash flows of the discontinued operation","QST.IFRS5.000086":"Presenting discontinued operations: single amount, analysis and comparatives — Restated comparative periods","QST.IFRS5.000087":"Presenting discontinued operations: single amount, analysis and comparatives — Restated comparative periods","QST.IFRS5.000088":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — Later adjustments of amounts already presented","QST.IFRS5.000089":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — A component that ceases to be held for sale","QST.IFRS5.000090":"Discontinued operations: advanced cases (adjustments, ceasing, loss of control) — Loss of control and retained interest","QST.IFRS5.000091":"Presenting assets and liabilities held for sale — The rule: a separate line for assets","QST.IFRS5.000092":"Presenting assets and liabilities held for sale — The rule: a separate line for assets","QST.IFRS5.000093":"Presenting assets and liabilities held for sale — The group's liabilities, without offsetting","QST.IFRS5.000094":"Presenting assets and liabilities held for sale — The group's liabilities, without offsetting","QST.IFRS5.000095":"Presenting assets and liabilities held for sale — The main classes","QST.IFRS5.000096":"Presenting assets and liabilities held for sale — Comparatives in the statement of financial position","QST.IFRS5.000097":"Disclosures in the notes — The content of the notes","QST.IFRS5.000098":"Disclosures in the notes — Criteria met after the reporting period","QST.IFRS5.000099":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 16 and IAS 38: depreciation stops","QST.IFRS5.000100":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 16 and IAS 38: depreciation stops","QST.IFRS5.000101":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 36: before and after classification","QST.IFRS5.000102":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 40: two measurement models","QST.IFRS5.000104":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IAS 12: deferred tax assets and post-tax result","QST.IFRS5.000105":"At the boundaries: IAS 16, IAS 38, IAS 36, IAS 40, IFRS 13, IAS 12 and IFRS 9 — IFRS 9: the group's financial assets","QST.IFRS5.000106":"Write-down on classification and limited reversal — The rule: the loss goes to profit or loss","QST.IFRS5.000107":"Presenting assets and liabilities held for sale — The main classes"}}