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  • Measurement and Recogniton Criteria

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    Harish Ragavendhra
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    The document discusses the measurement and recognition criteria for non-current assets or disposal groups classified as held for sale. For measurement, assets are measured at the lower of carrying amount or fair value less costs to sell, both at the time of initial classification as held for sale and subsequently after classification. For recognition, assets must be available for immediate sale, management must be committed to a sale plan, and the sale must be highly probable within 12 months to be classified as held for sale.

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    The document discusses the measurement and recognition criteria for non-current assets or disposal groups classified as held for sale. For measurement, assets are measured at the lower of carrying amount or fair value less costs to sell, both at the time of initial classification as held for sale and subsequently after classification. For recognition, assets must be available for immediate sale, management must be committed to a sale plan, and the sale must be highly probable within 12 months to be classified as held for sale.

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    © All Rights Reserved
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    1 views4 pages

    Measurement and Recogniton Criteria

    Uploaded by

    Harish Ragavendhra
    The document discusses the measurement and recognition criteria for non-current assets or disposal groups classified as held for sale. For measurement, assets are measured at the lower of carrying amount or fair value less costs to sell, both at the time of initial classification as held for sale and subsequently after classification. For recognition, assets must be available for immediate sale, management must be committed to a sale plan, and the sale must be highly probable within 12 months to be classified as held for sale.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    MEASUREMENT By Harish Ragavendhra

    CRITERIA
    At the time of Measured in
    classification as accordance with
    held for sale applicable Ind AS.
    Measurement
    Criteria Measured at the lower
    After
    classification as of carrying amount
    held for sale and fair value less
    costs to sell.

    • Non-current assets or disposal groups that are classified as held for sale are not
    depreciated.
    • Interest on loan will continue to be debited to P&L a/c.
    • Any difference between the Present values of costs will be recorded as Finance cost
    in P&L a/c.
    RECOGNITION By Harish Ragavendhra
    CRITERIA
    Available for
    Subject to
    immediate sale in its
    present condition conditions

    management is
    Recognition committed to a plan to
    sell
    Criteria an active programme to
    trace a buyer is initiated

    Sale is highly sale is highly probable i.e.,


    within 12 months of
    probable classification as held for sale

    asset is being actively


    marketed for sale at a sales
    price reasonable in relation
    to its fair value

    unlikely that plan will be


    significantly changed or
    withdrawn

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