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Course Details

Detailed Overview of the Held for Sale Classification Criteria (Course Id 2080)

QAS / Registry
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Author : Kelen Camehl, CPA, MBA
Course Length : Pages: 15 ||| Word Count: 9024 ||| Review Questions: 4 ||| Final Exam Questions: 5
CPE Credits : 1.0
IRS Credits : 0
Price : $12.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2080

Description :

This course provides a general overview of the six held for sale classification criteria outlined within ASC 360-10.  This includes a discussion of the general impacts from held for sale classification as well as subsequent measurement requirements once a long-lived asset has been classified as held for sale.  This course also addresses how changes to a planned sale impact the measurement and presentation of 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 - 2080

Keywords : Accounting, Detailed, Overview, Held, Sale, Classification, Criteria, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you will be able to:
  • 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 potential reporting impacts from changes to a plan of sale
Course Contents :

Chapter 1 - Detailed Overview of the Held for Sale Classification Criteria

Course Learning Objectives

Course Overview


Held for Sale Criteria

Criterion #1 Commitment to a Sale

Criterion #2 Available for Immediate Sales in its Present Condition

Criterion #3 Active Program to Locate Buyer

Criterion #4 Sale of Asset is Probable & Completed Within One Year

Review Questions

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

Criterion #6 Significant Changes to Plan of Sale is Unlikely

Held for Sale Classification After the Balance Sheet Date

Impacts from Held for Sale Classification

Measuring Held for Sale Assets

Depreciation Impacts

Changes to the Plan of Sale

Review Questions

Glossary of Key Terms

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