Discontinued Operations: Back-to-Basics

Total CPE

Tuition
$60.00

Approximate Length
01:00:00

Course Number
23-WB-103-WC

Total CPE

Tuition
$60.00

Approximate Length
01:00:00

Course Number
23-WB-103-WC

Course Details

In this course, KPMG professionals provide a refresher on the discontinued operations (ASC 205-20) and held-for-sale [HFS] (ASC 360-10) guidance, including key SEC requirements and trends. Topics include:

scope of ASC subtopics 205-20 and 360-10
key concepts (component, disposal group and discontinued operations)
determining the appropriate disposal group
measuring HFS disposal groups and timing of gain or loss
determining if the strategic shift test is met
reporting discontinued operations
interplay with SEC requirements for registrants
SEC staff comment letter trends.

By the end of this course, participants should be able to:

explain accounting for discontinued operations and held-for-sale disposal groups.

Note: This course is based on a live webcast that took place on March 15, 2023. It references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.

Keywords: Discontinued Operations, Disc Ops, Held-For-Sale, HFS, Disposal Group, ASC 205-20, ASC 360-10, Accounting

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.

Pre-requisites: There are no pre-requisites for this course.

Level of Knowledge: Update
Field of Study: Accounting – 1
Delivery Method: Web Based Self Study