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1 Dis 2022 · In financial accounting, discontinued operations refer to parts of a company’s core business or product line that have been divested or shut down.
24 Jul 2003 · IFRS 5 achieves substantial convergence with the requirements of US SFAS 144 Accounting for the Impairment or Disposal of Long-Lived Assets with respect to the timing of the classification of operations as discontinued operations and the presentation of such operations.
What are Discontinued Operations? Discontinued operations is a term used in accounting to refer to parts of a company’s business that have been terminated and are no longer operational. In accounting, discontinued operations are listed separately on financial statements from continuing operations.
17 Nov 2022 · What are Discontinued Operations? The Discontinued Operations line item on the income statement represents the parts of a company that were either divested or shut down (i.e. classified as held-for-sale).
17 Mei 2024 · IFRS 5 establishes specific requirements for the presentation and disclosure of discontinued operations to help financial statement users assess an entity’s ability to generate profit and cash. A discontinued operation is defined by IFRS 5.32 as a component of an entity that has either been sold or is classified as held for sale and:
5 Jan 2024 · Discontinued operations mean recording the disposal of a functional department, product line, subsidiary, or machinery that is no longer used or held for sale on financial statements.
31 Mei 2023 · This section provides guidance on the balance sheet and income statement presentation requirements when reporting discontinued operations. The statement of stockholders’ equity is not impacted by discontinued operations reporting. For reporting on the statement of cash flows, see FSP 6.
Accounting Standards Codification (ASC) 205-20, Presentation of Financial Statements — Discontinued Operations, provides guidance on the presentation and disclosure of discontinued operations, including criteria for determining when the presentation of discontinued operations is appropriate.
9 Jul 2024 · Discontinued operations are the results of operations of a component of an entity that is either being held for sale or which has already been disposed of.
The definitions of discontinued operations under IFRS and US GAAP focus on similar principles and apply to a component of an entity that has either been disposed of or is classified as held for sale.
