Financial Accounting and Reporting (FAR) · Lesson 13 of 13

Non-current Assets Held for Sale, Discontinued Operations (PFRS 5), and Borrowing Costs (PAS 23)

Apply the held-for-sale criteria and measure at the lower of carrying amount and fair value less costs to sell, stop depreciating, cap any reversal at cumulative impairment, present a discontinued operation as one post-tax line, and capitalise borrowing costs on a qualifying asset using specific borrowings net of investment income and a capitalisation rate for general ones.

18 min read · Super Ea