IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations

IFRS refers to the International Financial Reporting Standards, which are designed as a common global language for business to ensure that accounts are both understandable and comparable on a global basis with a set of uniformity in them. As the international shareholding and trade are growing, there’s a dire need of reporting standards which deal with organizations on a global level.

The course gives a detailed overview on the IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations. It explains as to how the IFRS 5 need to be adopted for the entity and gives you an in depth overview of its relevance to how assets that are held for sale are not depreciated and are measured at the lower of carrying amount and fair value less costs to sell, and are presented separately in the statement of financial position. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding.