Home  Journals  International Accounting  28(322) - 2014 July

IFRS 5: Non-current assets held for sale and discontinued operations

Available online: 17 July 2014

Subject Heading: On the way to international standards

JEL Classification: 

Pages: 7-14

The article studies the current issues of classification, evaluation and accounting for non-current assets and disposal groups held for sale. It also considers some practical situations subject to regulation by IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations. The author specifically emphasizes the recognition of loss resulting from asset impairment. The article identifies major requirements for information disclosure on the groups of assets under consideration analyzes the existing approaches to presentation in the statement of financial position.

Keywords: disposal group, non-current assets, classification, criteria, held for sale, impairment loss

References:

1. Borisenko V. [Accounting for non-current assets held for sale and discontinued operations in accordance with IFRS 5]. Finansovaya gazeta: ezhemesyachnoe obozrenie, 2012, no. 1. Available at: Link. (In Russ.)
2. Vasil'ev Yu.A. Aktivy na prodazhu s pozitsii MSFO [Assets, held for sale from the position of IFRS]. Uslugi svyazi: bukhgalterskii uchet i nalogooblozhenie – Communications: accounting and taxation, 2012, no. 3.
3. Kulikova L.I. Predstavlenie informatsii v otchetnosti o dolgosrochnykh aktivakh, prednaznachennykh dlya prodazhi, v sootvetstvii s IFRS 5 [Presentation of information in the statements on long-term assets held for sale under IFRS 5]. Mezhdunarodnyi bukhgalterskii uchet – International accounting, 2011, no. 46.

View all articles of issue

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 27, Iss. 4 April 2024

Archive