Each word should be on a separate line. Disposal group is a new concept introduced by IFRS 5 and it represents a group of assets and liabilities to be disposed of together as a group in a single transaction.. For example, when a company runs a few divisions and decides to sell one division, then all assets (including PPE, inventories, deferred tax, etc.) You cannot apply it is a group has stopped working due to any ban from the government. 5. Agree. Specialised activities (agriculture) 2 The same applies for a disposal group. Volume B - UK Reporting - FRS 102 Model annual report and financial statements for UK … You must log in{"id":"id-a09beccc-f0f7-4d60-ac87-4fea1c2e010a","action":"login-q3j74v"} to view this content and have a subscription package that includes this content. This Deloitte e-learning module provides training in the background, scope and principles under IFRS 5 'Non-current Assets Held for Sale and Discontinued Operations', and the application of this Standard. Classification as held for sale under IFRS 5 86 6.2. Funny. It sets the presentation and disclosure requirements for discontinued operations. IFRS Standards around the world 5 The IFRS Foundation and the IASB 7 Standards and Interpretations 15 Standards and Interpretations 24 Summaries of Standards and Interpretations in effect at 1 January 2019 29 Requirements that are not yet mandatory 100 IASB projects 104 Deloitte IFRS resources 111 Contacts 113 Contents. Deloitte Solutions. The application of the principles addressed will depend upon the particular facts and circumstances of each individual case. IFRS 9 Financial Instruments – Summary . 3: FRS 102 does not deal with assets held for sale. Legal and regulatory. 6.5 IFRS 9 Financial Instruments (2009) 201 6.6 IFRS 9 Financial Instruments (own credit requirements) 219 6.7 Classification and Measurement of . Please read, IAS Plus Guide to IFRS 5 Assets Held for Sale and Discontinued Operations. Download link: Deloitte IFRS/IAS 2017 Deloitte IAS IFRS Summary Reviewed by Editor on November 15, 2018 Rating: 5 Tags : Deloitte IAS IFRS Summary 2018 KPMG 2018 IFRS Update When a group of assets is being disposed of in a single transaction, the classification and presentation requirements of IFRS 5 apply to the disposal group as a whole. IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations . Educational. When an asset is being sold individually, IFRS 5 applies only if it is a non-current asset. 13 . Functional and presentation currency 93 7.2. IFRS 5 IFRS 5 Non-cash Assets Held for Sale and Discontinued Operations The Board has not undertaken any specific implementation support activities relating to this Standard. ACTIVELE PE TERMEN LUNG DETINUTE PENTRU VANZARE SI ACTIVITATILE INTRERUPTE INTRODUCERE Motivatiile emiterii prezentului IFRS IN1 IFRS 5 stabileste cerintele de clasificare, evaluare si prezentare a activelor pe termen lung detinute pentru vanzare si inlocuieste IAS 35 „Activitati in curs de Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). IFRS 5 1. Volume B - Financial Instruments - IFRS 9 and related Standards, Volume C - Financial Instruments - IAS 39 and related Standards, Model financial statements for IFRS reporters, IFRS Standards (linked to Deloitte accounting guidance), International Financial Reporting Standards (linked to Deloitte accounting guidance), International Financial Reporting Standards (Blue and Red Books), IFRS Educational Material (including Webcasts and Podcasts), Selected IASB Speeches, Statements and Press Releases, Purpose-driven Business Reporting in Focus, Copyright notice and disclaimer of liability, International Financial Reporting Standards, IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations, Guidance on implementing IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. 1 Deloitte earning Academy ourse catalogue or accounting proessionals The Deloitte Learning Academy Website Annual Membership An annual membership to the Deloitte Learning Academy includes: • Unlimited access to all e-courses: Our e-courses cover Canadian financial reporting topics on International Financial Reporting Standards, Accounting Standards for Private Entities, Accounting … A single amount should be presented on the face of the statement of profit or loss and other comprehensive income that is comprised of: – the total of the post-tax profit or loss of discontinued operations In particular, the IFRS 5 requires: assets that meet the criteria to be classified as held for sale to be presented separately in thestatement of financial position and the results ofdiscontinued operations to be presentedseparately in the statement of comprehensiveincome. Deloitte IFRS Podcast on IFRS 10 Consolidation. Other reporting issues 93 7.1. 11 . iv. Welcome to the IFRS 5 Non-current Assets Held for Sale and Discontinued Operations e-learning module. By … The ICAEW Library stocks the latest IFRS handbooks and manuals. 'Non-current Assets Held For Sale and Discontinued Operations - Challenges in Applying IFRS 5' is a publication by the IFRS team at Grant Thornton International Ltd. IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (IFRS 5) is not a new standard but experience has shown that implementing it can be a complex and time-consuming exercise. Revenue and lease income 98 8.2. Those amendments shall be applied prospectively to non-current : Before making IFRS decisions users should consult with an appropriate expert. 5. 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