Handbook: Discontinued operations & HFS disposal groups

KPMG explains when and how to apply the discontinued operations guidance in ASC 205-20 and held-for-sale guidance in ASC 360-10. The latest edition adds new clarification to measuring held-for-sale assets, application of the strategic shift test, and other presentation matters.

Applicability

• ASC Subtopic 205-20
• ASC Subtopic 360-10
• All companies with operations that may be discontinued or long-lived assets that may be sold or otherwise disposed of.

Relevant dates

• Effective immediately

Report contents

• Scope
• Component of an entity
• Disposed of or held-for-sale
• Strategic shift test
• Presentation of discontinued operations
• Disclosure of discontinued operations
• Measurement of held-for-sale disposal groups
• Presentation and disclosure of held-for-sale disposal groups that are not discontinued operations