IFRS 5 Non-current Assets Held for Sale and Discontinued Operations - applies in 2024

www.cpdbox.com/
This is just the short executive summary of IFRS 5 and does NOT replace the full standard - you can see the full text on IFRS Foundation's website.
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[@CPDbox]

Thanks for watching! Let’s connect:
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[@undistinguished932]

This girl really helps me ,i will pass my exams no matter what

[@CPDbox]

Oh, how nice to be called "girl" in my age - thank you! :) And good luck with your exams!

[@drishtiverma1318]

Your videos are amazing. No other channel on RUclips offers perfectly informative videos on IFRS standards. It would be great if you could please provide videos on ASPe standards as well.

[@ankushphawa]

Hi Silvia..I was just browsing for IFRS 5 on youtube and the first displayed video was yours. Then i further went to your website and now i want to congratulate your for great work. The way you have answered queries on your website is really awesome.
Thank you very much.

[@punjanza]

I'm doing my CPA in Ontario Canada. I find your videos invaluable. Thank you Sylvia.

[@aqsalatif6755]

Zafar Ali Punjani same here! these videos really summarize most of the section really well

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hey, Zafar how can I migrate to Ontario

[@solomoneshete7636]

I have no word to appropriate your work really fantastic God Bless You!!!!

[@Asmrani1974]

Thanks Silvia, really the way you explain is unprecedented and amazing. Thank you for simplifying this rigid Topic

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@Keagan Trey instablaster :)

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[@zwikhathi3858]

Love you for this! Can't wait to get my distinction!

[@DawitBeloved]

Thanks for your help siliva i am from 🇪🇹ethiopia🙏

[@zukisazuks2308]

Hey Silvia. thanks for your videos

[@serahabiona5527]

Great job done! Great Insight!

[@faisalhayatkhan5976]

hi Silvia . . hope u r doing great . . please make a video regarding new IFRS on leases and diff. between the old one and new one. waiting

[@CPDbox]

Hi Faisal, yes, I'll make it. You can also visit my web, as I have already written an article about it - I illustrated the differences between the old one and the new one on an example. But it's off topic here :)

[@nukiemybaby]

I have a situation where land is held for sale for the last 5years and is valued at cost of acquisition. Is it now i have to question if a revaluation exercise was done before it was transferred to asset held for sale...since the value it is currently held at is very low ...below market value. ..and ifrs5 states the lower of cv and fv less disposal expenses

[@KM-ey5vs]

Thanks. What about the revenue and expenses generated from the asset held for sale (not discontinued)...where exactly in the Income Statement should they appear?

[@joseuberas1121]

Hi Silvia. I just want to know the logic behind the measurements of the assets held for sale. Why is is that it is measured at lower of carrying amount and fair value less cost of disposal? Thank you. This is for my upcoming CPA BOARD EXAM. Thanks.

[@tjfamilytalks]

Very good presentation!

[@arpanshah4398]

thank you, it helped to understand very well.

[@lisomfanta3316]

Hi Silvia, thank you so much for the Video. Please could you clarify for me whether an Asset that has been depreciated to below its Residual Value should be classified as Held for Sale?? Or would it be an abandoned asset? Thanks

[@johnyanderson2744]

If the company has no intention to sell the asset within a year it would abandoned asset

[@kilianmwakyosi7943]

Thank you very much

[@mbakablessing6840]

Thank you 🎉

[@siddharthkarani1443]

You are best thanks for video's

[@zhanhaoong5729]

Dear Silvia
Good day
Would like to ask, if an entity classify one of its subsidiary as held for sales in mid year.
Shall the subsidiary performance after reclassify as held for sale continue to be consolidated into group FS？
Any part of the IFRS i can use to support
Thanks

[@chamansingh4227]

Hi Silvia , your video is very nice. In your paid course you give explanation or solve questions of ACCA exams of past years

[@aliyaal-sanadi953]

well explanation ...excellent dear

[@Mnce101]

Thanks Silvia, it has been a while...

[@CPDbox]

Yeah, sometimes I take vacation, too :) Enjoy!

[@thobsiethobs6078]

Thank you. This helped alot❤️

[@afmgracecitycentrebyo128]

THANK YOU.VERY HELPFUL

[@subhumalik889]

very helpful videos

[@Shishikim01928]

Hi Sylvia, lovely video.
Quick question - what if marketed price is below CV or FMV of asset? Also what it asset is being sold at zero value?

[@CPDbox]

Did you recognize impairment on that asset before reclass to held for sale?

[@Shishikim01928]

Silvia of CPDbox no, is that what we should be doing?

[@fatimasheikasaluh545]

Thank you!!

[@tallalzahoor9678]

silvia under ifrs 5 can impairement be charged to revaluations surplus in case of building???

[@johnyanderson2744]

Under Ifrs 5 it's allowed to charge the impairment to any rev. Surplus already measured. As Ias 36

[@samiyamohammadsultan7132]

Thankyou!

[@gatabazijeanclaude3788]

Great

[@sampheonix]

thanks

[@jonast8358]

Wonderful :)

[@bhumikaaa1925]

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