Overview

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Learn how to classify, measure, present, and disclose non-current assets held for sale and discontinued operations in financial reporting. This course helps learners build practical accounting skills for asset disposal, impairment recognition, disposal groups, and transparent financial statement presentation. The course begins with the foundations of non-current assets held for sale, including key definitions, classification criteria, and recognition conditions. Learners will understand when an asset qualifies as held for sale and how disposal groups and discontinued operations are identified in real-world accounting scenarios. As the course progresses, learners examine measurement and recognition principles, including fair value-based measurement, impairment loss recognition, impairment reversal, and accounting treatment for discontinued operations. Practical examples help learners apply these concepts accurately in professional reporting situations. The final module focuses on presentation and disclosure requirements, showing how held-for-sale assets and discontinued operations are reported in financial statements. Learners will explore disclosure formats, transaction reporting, and examples that support transparent and compliant financial reporting. What makes this course unique is its structured, application-driven approach that connects accounting principles with real-world disposal and reporting scenarios. By the end of the course, learners will be able to classify held-for-sale assets, measure them correctly, account for impairment, and prepare clear disclosures for professional financial reporting.

Syllabus

Foundations of IFRS 5 – Concepts & Classification

This module introduces the core principles of IFRS 5, focusing on the classification of non-current assets held for sale and discontinued operations. Learners will explore key definitions, recognition criteria, and the conditions required to determine whether an asset qualifies for held-for-sale classification.

Measurement & Recognition – Applying IFRS 5

This module focuses on the measurement and recognition requirements under IFRS 5. Learners will understand how to measure assets held for sale, recognize impairment losses, and apply accounting treatments to discontinued operations while ensuring compliance with related standards.

Presentation & Disclosure – Reporting Under IFRS 5

This module covers the presentation and disclosure requirements of IFRS 5, emphasizing how assets held for sale and discontinued operations are reported in financial statements. Learners will gain practical insights into disclosure formats, transaction reporting, and real-world examples.