Educational Material on Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has published new educational material concerning Ind AS 105, which deals with Non-current Assets Held for Sale and Discontinued Operations. This guide provides a summary of the standard and answers frequently asked questions to aid in its implementation. It clarifies the criteria for classifying assets and disposal groups as held for sale and for presenting discontinued operations.

ICAI has released the Educational Material on Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations. The relevant link to download the Educational Material, together with the official announcement is listed below:

Accounting Standards Board
The Institute of Chartered Accountants of India
25th February, 2021

Announcement

Release of Educational Material on Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations

Ind AS 105 prescribes the accounting treatment for non-current assets held for sale and, and the presentation and disclosure of discontinued operations. It sets out the criteria for classification of a non-current asset (or disposal groups) as held for sale and discontinued operations.

ICAI Releases Ind AS 105 Educational Material

The Educational Material on Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations addresses certain relevant aspects envisaged in the Standard by way of brief summary of the Standard and Frequently Asked Questions (FAQs) which are being/expected to be encountered while implementing the Standard.

Relevant link to download the Educational Material: https://www.icai.org/resource/63163asb51109.pdf

FAQ :

The new educational material released by ICAI is about Ind AS 105, which covers Non-current Assets Held for Sale and Discontinued Operations.

Ind AS 105 prescribes the accounting treatment for non-current assets held for sale and the presentation and disclosure of discontinued operations.

Ind AS 105 sets out the criteria for classifying a non-current asset (or disposal groups) as held for sale and for discontinued operations.

The educational material includes a brief summary of the Standard and Frequently Asked Questions (FAQs) relevant to its implementation.

The educational material can be downloaded from the link provided in the official announcement on the ICAI website.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro