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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: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course provides a focused overview of accounting for held for sale assets, addressing classification criteria, timing, measurement, presentation, and disclosure requirements.
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Frequently Asked Questions: |
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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: |
13125 |
Release: |
2022 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Asset Sales
Internal: Detailed Overview of the Held‑for‑Sale Classification Criteria
Internal: Fixed Asset CPE Courses (category page)
External: Summary of FASB Statement No. 144 - Accounting for the Impairment or Disposal of Long‑Lived Assets
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
06-Mar-2026 |
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. |
Keywords: |
Accounting for Held for Sale Assets - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives
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Course Contents: |
Chapter 1 - Accounting for Held for Sale Assets Course Learning Objectives Course Overview Introduction 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 Whats Next? Measurement of Held for Sale Assets Impacts to Depreciation Changes to the Plan of Sale Disclosure Requirements Review Questions Glossary of Key Terms |
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