ifrs 5 deloitte

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Individual 'IFRS at a Glance' files per standard, which are consolidated into the following single document, are available further down the page. When a group of assets is being disposed of in a single transaction, the classification and presentation requirements of IFRS 5 apply to the disposal group as a whole. IFRS 5 IFRS 5 Non-cash Assets Held for Sale and Discontinued Operations The Board has not undertaken any specific implementation support activities relating to this Standard. Those amendments shall be applied prospectively to non-current : Deloitte IFRS Podcast on IFRS 10 Consolidation. The ICAEW Library stocks the latest IFRS handbooks and manuals. Note: IFRS 5 does not permit or allow to retroactive classification as the discontinued operation. Randall Sogoloff, Leader for Communications in the Deloitte IFRS Global Office, discusses the IASB's standard on Consolidation with Robert Bruce. 'Non-current Assets Held For Sale and Discontinued Operations - Challenges in Applying IFRS 5' is a publication by the IFRS team at Grant Thornton International Ltd. IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (IFRS 5) is not a new standard but experience has shown that implementing it can be a complex and time-consuming exercise. IFRS Standards around the world 5 The IFRS Foundation and the IASB 7 Standards and Interpretations 15 Standards and Interpretations 24 Summaries of Standards and Interpretations in effect at 1 January 2019 29 Requirements that are not yet mandatory 100 IASB projects 104 Deloitte IFRS resources 111 Contacts 113 Contents. ED/2020/4, Lease Liability in a Sale and Leaseback — Proposed amendment to IFRS 16 DP/2020/2, Business Combinations under Common Control PTU/2020/5 General Improvements and Common Practice — IAS 19 Employee Benefits PTU/2020/4 General Improvements and Common Practice — Presentation of information in primary financial statements PTU/2020/3 Interest Rate Benchmark … IFRS 9 Financial Instruments (Hedge accounting only) – Snapshot . Sale of investment property 86 6.3. The application of the principles addressed will depend upon the particular facts and circumstances of each individual case. The IFRS Interpretations Committee has previously considered a number of relevant issues that have been submitted by stakeholders. Deloitte 175. ‘IFRS®’ is a registered trade mark of the IFRS® Foundation and is used by KPMG IFRG Limited under licence subject to the terms and conditions contained therein. Other reporting issues 93 7.1. IFRS 5 Non-current Assets held for Sale and Discontinued Operations Accounting summary 2017 - 04 1 Objective The objective of this IFRS is to specify the accounting for assets held for sale, and the presentation and disclosure of discontinued operations. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. IFRS 5 1. Skip to the content. It summarises the latest IFRS thinking and the evolving literature – including on issues such as partial disposals of subsidiaries, and the impact of the disclosure requirements of other Standards. 1 Deloitte earning Academy ourse catalogue or accounting proessionals The Deloitte Learning Academy Website Annual Membership An annual membership to the Deloitte Learning Academy includes: • Unlimited access to all e-courses: Our e-courses cover Canadian financial reporting topics on International Financial Reporting Standards, Accounting Standards for Private Entities, Accounting … By using this site you agree to our use of cookies. IFRS 5 Non-Current assets held for sale and Discontinued operations – Summary. ACCA P5 APM Short Study Notes. Appendices provide a comparison with US GAAP and a checklist of IFRS 5's presentation and disclosure requirements. The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. IFRS 15 Revenue from Contracts with Customers — Your Questions Answered. IFRS 15 is a significant change from IAS 18, Revenue, and even though it provides more detailed application guidance, judgment will be required in applying it because the use of estimates is more prevalent. Deal with Assets Held for Sale, and 2 decisions users should with... Are moving to International Financial Reporting Standards ( IFRS ) is not supported on your browser version or... Or disposal groups ) Held for Sale under IFRS 5 's presentation and disclosure requirements, in. Under IFRS 5 's presentation and disclosure requirements for Discontinued Operations IFRS 16 Financial statements of a listed,. Is not supported on your browser version, or you May have 'compatibility '... Entity is planning to sell part of its b… Classification as Held for Sale and Operations. For Sale and Discontinued Operations to be presented in the Financial statements a listed company, in... 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