Dear Students - CA-CWA Final
Hope you had a great saturday and are still working on for next 36 hours before you face Monday Blues :). Please do send me feedback and also participate in the forum for this posting and earlier postings to make it interactive. This forum is for Students and i will try my best to provide your support and answers to your questions.
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Lets learn today about AS 24 Discontinued operations some Basics and will follow with another posting later in the month.
What could be few scenarios of Discontinuing operations ?
By way of Single plan .....
> Disposing of the unit entirety or substantially in the entity by selling --- Demerger, Spin off ownership
> Disposing piecemeal of its assets and liabilities
> Through abandonment
or
> due to downsizing business due to Market
> It must be able to distinguish Operationally & for financial reporting
What are other accounting Standards which must be studied alon gwith this standard?
1. AS 5 2. AS 17 3. AS 4
Is Discontinued operations same as Restructuring transactions?
No this needs to be referred to the scope of definition criteria and thend ecide
More Discussion on this Standard will Continue with the Title Posting 5A
Look forward to further discussions in this topic.
Regards,
Satish.
Tejas Learning Centre
"Where knowledge is shared"
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