– The standard’s transparency objectives regarding disposals
– Distinction between “discontinued operations” and “abandoned operations”
– Difference between an “asset” and a “business” under IFRS 5
✔ ASSESS | Quiz: In which situations should IFRS 5 be applied?

– Criteria for applying the standard: management’s decision, feasibility, timeline
– Special circumstances: partial divestiture, merger, change in plan
– Consideration of post-closing events in the analysis of criteria
✔ APPLY | Case study: analysis of criteria based on a real-world case
✔ UNDERSTAND | Examples drawn from ESMA decisions and feedback during the plenary session

– Valuation rules as of the reclassification date
– Recognition of impairment losses, coordination with IAS 36
– Treatment of restructuring cases related to a disposal
✔ APPLY | Case study: numerical example illustrating a business sale

– Specific presentation of the balance sheet, income statement, cash flow statement, and other comprehensive income (OCI)
– Differences between assets held for sale and discontinued operations
– Disclosures in the notes to the financialstatements (nature, timing, impacts)
✔ UNDERSTANDING | Comparative analysis of examples from the financial statements of publicly traded companies

– Accounting entry for a completed sale
– Treatment when a proposed sale is abandoned: removal from the scope of IFRS 5
– Retroactive impacts, possible restatement of prior-period results
✔ UNDERSTANDING | Illustration with real-world examples from practice