Understanding and implementing
Target audience
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
0.5 day
IFRS 5 online training
Prerequisites
Prerequisites: no prior knowledge required.
Materials: training materials and the link to the virtual classroom are provided the day before the training session.
Objectives
◗ Securing the accounting treatment of business disposals and discontinuations
◗ Determining the assets and activities to which IFRS 5 applies
◗ Applying the presentation and valuation principles required by the standard
Training program
◗ Understanding the purpose of IFRS 5
- Objectives of the standard in terms of transparency on disposals
- Distinction between "discontinued operations" and "abandoned operations
- Difference between isolated "assets" and "operations" within the meaning of IFRS 5
✔ APPLIQUER | Quiz: in which situations should IFRS 5 be applied?
◗ Identifying when to apply IFRS 5
- Criteria for applying the standard: management decision, feasibility, timeframe
- Special circumstances: partial disposal, merger, change of plan
- Post-closing events taken into account in criteria analysis
✔ APPLY | Practical case: criteria analysis based on a real case study
✔ UNDERSTANDING | Illustrations from ESMA decisions and feedback
in plenary
◗ Enhance the value of the assets concerned
- Valuation rules at the reclassification date
- Recognition of impairment losses, linkage with IAS 36
- Treatment of restructuring cases linked to a disposal
✔ APPLIQUER | Case study: illustration in figures in the case of a business sale
◗ Applying the presentation principles required by IFRS 5
- Specific balance sheet, income statement, cash flow statement and OCI presentation
- Differences between assets held for sale and discontinued operations
- Disclosures (nature, timing, impact)
✔ UNDERSTANDING | Comparative reading of examples from publications by listed groups
◗ Accounting for the sale
- Accounting treatment of an effective sale
- Treatment in the event of abandonment of the disposal project: removal from the scope of IFRS 5
- Retroactive impacts, possible recycling of previous results
✔ UNDERSTANDING | Illustration with real examples from practice
Teaching and assessment methods
◗ Distance learning:
- Three visuals: video presenter, presentation, virtual flip chart
- Interactive quizzes
- 6 participants maximum
Before: self-assessment quiz
During the session: presentation of the main principles, practical implications, examples drawn from recent financial statements. Practical case studies and interactive quizzes ensure that knowledge is acquired.
After: documentary contributions. The trainer is available at the end of the course to answer any questions relating to the training.
Price
740 EXCLUDING VAT
Testimonials
IFRS 5 online training
IFRS 5 online training
IFRS 5 online training
IFRS 5 online training
Jonathan C.
Company
Training