IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations
Modules of the standard
- Concepts61 publishedNormative and pedagogical mapping.
- Questions105 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers4 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)14 publishedLesson explanations, chapter by chapter.
Practical cases
- Five assets: held for sale or not, and the end of depreciationL1Beginner
- Lower-of measurement: last depreciation charge, costs to sell and impairment lossL2Intermediate
- Disposal group: allocated loss, capped reversal and related liabilitiesL3Advanced
- Change of plan: return to use, missed depreciation and abandonmentL3Advanced
- Discontinued operation: component, definition, single post-tax amount, comparatives and group lossL4Expert
- File of a disposal project: classification, measurement of a group, discontinued operation and presentationL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Purpose, scope and disposal group
- Purpose of the standardImportant1 question
- Scope of classification and presentationImportant1 question
- The group measured as a wholeCore2 questions
- Measurement exclusionsImportant1 question
- Other assets with their own measurementAdvanced1 question
- Assets held for distribution (scope)Important1 question
Classification as held for sale or for distribution
- Recovery through saleCore2 questions
- Availability for immediate saleCore2 questions
- Highly probable saleCore2 questions
- Buyer search, reasonable price and stable planCore2 questions
- Sale expected within a yearCore2 questions
- Period beyond one year outside the entity's controlImportant1 question
- Loss of control of a subsidiarySpecialised1 question
- Asset acquired for resaleAdvanced1 question
- Criteria met after the reporting periodAdvanced1 question
- Held for distribution to ownersImportant1 question
- Abandoned assetsImportant1 question
- Assets temporarily out of useAdvanced1 question
Measurement of classified assets and groups
- The lower of the two amountsCore3 questions
- Fair value less costs to sellCore3 questions
- Costs to sellCore3 questions
- Discounting of costs to sellAdvanced2 questions
- Asset acquired and classified at acquisitionAdvanced2 questions
- Carrying amount before reclassificationCore3 questions
- Prior remeasurement of the groupAdvanced2 questions
- Write-down loss on classificationCore4 questions
- Reversal limited to the cumulative lossCore3 questions
- Allocation of a group's lossCore3 questions
- Gain or loss on disposalCore3 questions
- End of depreciationCore3 questions
- Expenses on the group's liabilitiesCore2 questions
- Measurement for distributionAdvanced2 questions
Changes to a plan of sale
- Ceasing the classificationCore2 questions
- Measurement on ceasing the classificationCore4 questions
- Adjustment in profit from continuing operationsCore2 questions
- Direct change between sale and distributionSpecialised1 question
- Disclosure on the change of planAdvanced1 question
Discontinued operations
- The component of an entityCore2 questions
- Definition of a discontinued operationCore2 questions
- Subsidiary acquired for resaleAdvanced1 question
- The single amountCore3 questions
- Analysis of the single amountCore3 questions
- Separate income statementImportant1 question
- Cash flows of the discontinued operationAdvanced1 question
- Restated comparativesCore2 questions
- Adjustments in later periodsAdvanced1 question
- Reclassification to continuing operationsAdvanced1 question
- Loss of control and retained interestSpecialised1 question
Presentation in the statement of financial position
- Assets presented separatelyCore2 questions
- Liabilities without offsettingCore2 questions
- Main classesImportant2 questions
- Balance-sheet comparatives not reclassifiedImportant1 question
Disclosures
- Notes on assets held for saleAdvanced1 question
- Mention of criteria met after the reporting periodAdvanced1 question
Boundaries with other standards
- Boundary with IAS 16Important1 question
- Boundary with IAS 38Important1 question
- Boundary with IAS 36Important1 question
- Boundary with IAS 40Important1 question
- Boundary with IFRS 13AdvancedNo question
- Boundary with IAS 12Advanced1 question
- Boundary with IFRS 9Advanced1 question