Non-current Assets Held for Sale and Discontinued Operations (IFRS 5/AASB 5)

Corporate Reporting Insights

BDO's monthly newsletter, Corporate Reporting Insights, keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.

• Common errors in accounting for discontinued operations (April 2016).

BDO Global IFRS Resources

The following publications have been produced by the BDO Global IFRS group:

► IFRS at a Glance

A high level overview of International Financial Reporting Standards (IFRSs), including International Accounting Standards and Interpretations.

• IFRS 5 Non-current Assets Held for Sale and Discontinued Operations​
• IFRIC 17 Distributions of Non-cash Assets to Owners.

IFRIC agenda decisions

IFRS Interpretations Committee (the Committee) agenda decisions are those issues that the Committee decided not to take onto its agenda. Although not authoritative guidance, in practice they are regarded as being highly persuasive, and all entities reporting under IFRS should be aware of these decisions because they could impact the way particular transactions and balances are accounted for. Agenda decisions on this topic include:

• To what extent can an impairment loss be allocated to non-current assets within a disposal group (January 2016) and FAQ
• Scope, measurement and presentation issues (January 2016) and FAQ
• Intragroup transactions (January 2016) and FAQ
• Classification in a planned but not yet approved IPO​ (September 2013) and FAQ.