Other accounting standards - part 5
Taught by James Griffiths · AI tutor support included
This lesson explores the accounting treatment of assets held for sale and discontinued operations under IFRS 5, alongside the handling of post-reporting events under IAS 10. You'll understand the classification criteria for held for sale assets, their measurement and presentation in financial statements, and the specific disclosure requirements for discontinued operations, enabling you to apply these standards accurately in practice.
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In this lesson
- 0:00 Introduction to Final Accounting Standards
- 0:22 Overview of IFRS 5 and IAS 10
- 1:03 Defining Assets Held for Sale
- 3:29 Accounting Treatment for Held for Sale Assets
- 7:00 Discontinued Operations Defined
- 8:51 Disclosure Requirements for Discontinued Operations
About this lesson
Dive into the intricacies of IFRS 5 and IAS 10 with our latest video, offering a deep dive into the accounting for held for sale assets, discontinued operations, and events after the reporting period. Learn the critical criteria for classifying assets as held for sale, the implications for financial statements, and the nuances of reporting discontinued operations. This video will equip you with the knowledge to navigate these complex standards effectively, enhancing your accounting skills and decision-making capabilities. Ideal for finance professionals seeking to stay ahead in their field, this is a must-watch for actionable insights and practical guidance.
Duration: 10m
- IFRS 5 — Assets Held for Sale
- Classification criteria for held for sale assets
- Measurement of held for sale assets
- Discontinued operations and segmental reporting
- IAS 10 — Events after the reporting period
- Disclosure requirements and financial statement adjustments
Transcript
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