This course provides an overview of the accounting for held for sale assets with a particular focus on the criteria that must be met for held for sale classification. This course also addresses considerations around the timing of held for sale classification, how held for sale assets are measured and presented, as well as how changes to a planned sale impact the measurement and presentation of held for sale assets. This course concludes with a brief discussion of the disclosure requirementsrelated to held for sale assets.
Learning Objectives
Upon completion of this course, you will be able to:
Identify the types of assets within the scope of held for sale accounting;
List the specific criteria that must be met for an asset to be classified as held for sale;
Recognize the accounting and reporting impacts from held for sale classification; and
Identify disclosure requirementsfor held for sale assets.
Major Topics
General Impacts from Held for Sale Accounting;
Held for Sale Criteria;
Active Program to Locate Buyer;
Significant Changes to Plan of Sale is Unlikely;
Timing of Held for Sale Classification;and
Measurement of Held for Sale Assets.
