IFRS guide

Non-current assets held for sale and discontinued operations

Andrew Archer Andrew Archer

IFRS 5/AASB 5: Non-current assets held for sale and discontinued operations


'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 (of  which Grant Thornton Australia is a member). IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (IFRS 5) which is identical to AASB 5
Non-current Assets Held for Sale and Discontinued Operations, apart from
Australian regulatory references, is not a new standard but experience has shown
that implementing it can be a complex and time-consuming exercise. Significant
judgment is required in some areas. Management and auditors should therefore
assess the impact of IFRS 5 as soon as they become aware that it may be
relevant. This publication explains IFRS 5's key implementation issues, common
approaches to practical application and also includes several examples
illustrating the Standard's disclosure and presentation requirements.

Read full guide
Download PDF [ 474 kb ]