Email: us-kpmglearning@kpmg.com, KPMG Executive Education PwC serves some of the world’s largest national and international oil and gas companies. All rights reserved. 2016) Sale and Discontinued Operations. ASC 360-10 specifies the accounting and reporting for long-lived assets that are being … us improve KPMG Executive Education. Volume Discount! 11. Informing your decision-making. 8:00 AM to 6:00 PM Eastern Time. KPMG does not provide legal advice. Income taxes 47. Discontinued operations are the results of operations of a component of an entity that is either being held for sale or which has already been disposed of. This self-study is also mobile-compatible. Guidance, updates and news covering financial reporting impacts of COVID-19. This course is designed to provide participants with a working knowledge of the basic accounting requirements for discontinued operations. We use cookies to personalise content and to provide you with an improved user experience. We start with an overview of the purpose of discontinued operations presentation and why it’s meaningful to users of the financial statements. Sharing our expertise and perspective. is a subsidiary acquired exclusively with a view to resale. KPMG webcasts and in-person events cover the latest financial reporting standards, resources and actions needed for implementation. Your feedback or suggestions about our website and training courses will help Discontinued operations Derivatives and hedging Remuneration Impairment Common adjustments by relative size (%) of total adjustments – 2015 For questions regarding course content, customized training, Coca-Cola annual income from discontinued operations for 2018 was $0B, a NAN% decline from 2017. Our white paper, Discontinued operations: Identification, presentation and disclosure, provides detailed discussion and examples related to application of the discontinued operations guidance in Subtopic 205-20, Presentation of Financial Statements – Discontinued Operations, of the FASB’s Accounting Standards Codification. Coca-Cola annual income from discontinued operations for 2019 was $0B, a NAN% decline from 2018. Individuals who register for any 2 KPMG Executive Education in-person seminars can save! The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. All rights reserved. A discontinued operation is a component of an entity that (IFRS 5.32): has been disposed of, or is classified as held for sale, represents a separate major line of business or geographical area of operations, is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations or. Net finance costs 36 10. Earnings per share 37. In reality, the thrust of the standard is intended to restrict which assets can be classified as held for sale, and which operations can be shown as being discontinued. This course is designed to provide participants with a working knowledge of the basic accounting requirements for discontinued operations. Revenue 33 8. Once this webcast has been presented, it will be available as a CPE-Eligible Self-Study. We provide a full range of assurance, tax and advisory team members who understand the industry and the issues that oil and gas companies face. Amendments to FRS 7 Statement of Cash Flows: Disclosure Initiative The amendments require an entity to provide evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and non-cash changes. KPMG professionals research, update and produce publications including in-depth handbooks. Accounting for Income Taxes Considerations of Final Regulations page 2 Disclosing discontinued operations Once this webcast has been presented, it will be available as a CPE-Eligible Self-Study This live webcast will be converted to a CPE-eligible self-study and is available for a nominal fee through KPMG Executive Education. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. August 2016 kpmg.com.au KPMG Financial Reporting Insights KPMG’s review of 45 ASX200 entities Operating Segment disclosures Ask about our group discounts too. Hours of Operation: Monday through Friday. Delivering value up and downstream. For more information, call 201-505-6062 or email us-kpmglearning@kpmg.com. Partner, Dept. 1 The KPMG Guide: FRS 2, Share-based Payment and FRS 5, Non-current Assets Held for Sale and Discontinued Operations KPMG professionals discuss the accounting under ASC 205-20. The Deloitte IFRS Global Office has published an IAS Plus Guide to IFRS 5 Assets Held for Sale and Discontinued Operations. For more detail about the structure of the KPMG global organization, please visit https://home.kpmg/xx/en/home/misc/governance.html. We provide Q&As and examples, and discuss the impact of … agenda decision, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations — How to present intragroup transactions between continuing and discontinued operation (IFRIC Update September 2015). CocaCola annual income from discontinued operations for 2019 was $0B, a NAN% decline from 2018. The KPMG name and logo are trademarks used under license by the independent member of..., securitizations, and equity investments for a nominal fee through KPMG Executive Education website or accessing a self-study. 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