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M21063 -IFRS 5 Non-Current Assets Held For Sale and Discontinued Operations (Online)

  • 5 Oct 2021
  • 13:30 - 16:45
  • Online Webinar


Registration Time: 13:15
Sessions Time:13:30 - 16:45  including a 15-minute break
Speaker: Mr Kevin Vassallo
Venue: Online Webinar
*Group bookings for 3 or more participants available.
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00


IFRS 5 - Non-Current Assets held for sale and Discontinued Operations outlines the accounting for non-current assets held for sale (or for distribution to owners). In general terms, assets (or disposal groups) held for sale are not depreciated, they are measured at the lower of carrying amount and fair value less costs to sell and are presented separately in the statement of financial position. Specific disclosures are also required for discontinued operations and disposals of non-current assets.
IFRS 5 achieves substantial convergence with the requirements of US SFAS 144 Accounting for the Impairment or Disposal of Long-Lived Assets with respect to the timing of the classification of operations as discontinued operations and the presentation of such operations. With respect to long-lived assets that are not being disposed of, the impairment recognition and measurement standards in SFAS 144 are significantly different from those in IAS 36 Impairment of Assets. However those differences were not addressed in the short-term IASB-FASB convergence project.
IFRS 5 was issued in March 2004 and applies to annual periods beginning on or after 1 January 2005. This session will also cover subsequent amendments to IFRS 5.

• Objective and scope of the standard
• Classification of non-current assets or disposal groups as held for sale or as held for distribution to owners
• Measurement of non-current assets or disposal groups classified as held for sale
• Presentation and disclosure


This seminar is intended for accounting professionals and student accountants who practice in industry as well as those pursuing a career in auditing.


Kevin is a certified public accountant by profession who holds a post-graduate degree in the science of finance. He is currently Head of Treasury at the Malta Development Bank, having previously occupied the post of Director Finance at the MFSA. Prior to that, he was a senior executive at the Central Bank of Malta for 28 years where he gained valuable experience in accounting, internal audit, human resources management, portfolio management and risk management. He has been lecturing for the past 25 years having started off with the Malta Institute of Accountants and moved on to BPP and subsequently AIM Academy. His areas of expertise include accounting and financial management and he has in the past lectured subjects F2, F3, F7, F9 and SBR for ACCA tutor as well as related subjects in ACA and various MBA programmes.


3 Hours Core


Terms and conditions apply.


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