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Accounting for Held for Sale Assets (Course Id 2078)

QAS / Registry
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Author : Kelen Camehl, CPA, MBA
Course Length : Pages: 19 ||| Word Count: 13,796 ||| Review Questions: 6 ||| Final Exam Questions: 10
CPE Credits : 2.0
IRS Credits : 0
Price : $17.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2078

Description :

This course provides an overview of the accounting for held for sale assets with a particular focus on the criteria that must be met for held for sale classification.  This course also addresses considerations around the timing of held for sale classification, how held for sale assets are measured and presented, as well as how changes to a planned sale impact the measurement and presentation of held for sale assets.  This course concludes with a brief discussion of the disclosure requirements related to held for sale assets.        

Usage Rank : 0
Release : 2022
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 12-Dec-2022
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 2078

Keywords : Accounting, Held, Sale, Assets, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Identify the types of assets within the scope of held for sale accounting
  • List the specific criteria that must be met for an asset to be classified as held for sale
  • Recognize the accounting and reporting impacts from held for sale classification
  • Identify disclosure requirements for held for sale assets
Course Contents :

Chapter 1 - Accounting for Held for Sale Assets

Course Learning Objectives

Course Overview


Scope Considerations

General Impacts from Held for Sale Accounting

Held for Sale Criteria

#1 – Commitment to a Sale

#2 – Available for Immediate Sales in its Present Condition

#3 – Active Program to Locate Buyer

#4 – Sale of Asset is Probable and Will Qualify as Completed Sale w/in 1 Year

Review Questions

#5 – Actively Marketed at a Price Reasonable in Relation to Current Fair Value

#6 – Significant Changes to Plan of Sale is Unlikely

Timing of Held for Sale Classification

Held for Sale Met – What’s Next?

Measurement of Held for Sale Assets

Impacts to Depreciation

Changes to the Plan of Sale

Disclosure Requirements

Review Questions

Glossary of Key Terms

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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