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GOODWILL IMPAIRMENT BASICS
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HOW TO READ AND ANALIZE FINANCIAL STATEMENTS
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GOODWILL IMPAIRMENT TESTING
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EVALUATING AND PROPERLY DISCLOSING FASB ACCOUNTING STANDARD UPDATES (ASUS)
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EQUITY INVESTMENTS AND LONG-LIVED ASSETS
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INTRODUCTION TO FINANCIAL STATEMENTS AND THE ENVIRONMENT OF FINANCIAL REPORTING
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EARNINGS MANAGEMENT
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CURRENT ASSETS AND ASSET VALUATION
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PREPARING FINANCIAL STATEMENTS
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KEY SEC REGULATIONS ACCOUNTANTS SHOULD KNOW ABOUT
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FORENSIC ACCOUNTING: 5 STEPS TO SUCCESSFUL PERFORMANCE
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SEC CLIMATE-RELATED DISCLOSURES: WHAT YOU NEED TO KNOW
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FINANCIAL REPORTING AND ANALYSIS - 10 COURSE SERIES.
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REAL ESTATE ACCOUNTING: A PRACTITIONER'S GUIDE
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ACCOUNTING FOR SOFTWARE – INTERNAL USE AND EXTERNAL SALES
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LEASE ACCOUNTING AND REPORTING - WHAT YOU NEED TO KNOW
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DISCLOSURE REQUIREMENTS: REV REC, LEASES, BUSINESS COMBINATIONS, CECL & SEGMENTS
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LESSEE ACCOUNTING: IDENTIFICATION, CLASSIFICATION & RECOGNITION
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DISCLOSURE REQUIREMENTS FOR SEC FORM 8-K
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ACCOUNTING FOR BUSINESS COMBINATIONS
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SEC FORM 8-K: WHEN TO FILE AND WHAT TO DISCLOSE
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REVENUE RECOGNITION: HOW TO IDENTIFY PERFORMANCE OBLIGATIONS
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OPTIMAL ACCOUNTING FOR PAYABLES
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CLASSIFICATION AND ACCOUNTING FOR DEBT AND EQUITY
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OVERVIEW OF THE STATEMENT OF CASH FLOWS
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ACCOUNTING FOR HELD FOR SALE ASSETS
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PRINCIPLES OF FINANCIAL STATEMENT PRESENTATION
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WHAT YOU NEED TO KNOW ABOUT CASH FLOW
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SUPPLIER FINANCE PROGRAMS – WHAT YOU NEED TO DISCLOSE
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OPTIMIZE CASH FLOW THROUGH RECEIVABLES FACTORING
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KNOW THE DIFFERENCES BETWEEN AN ASSET ACQUISITION VS. BUSINESS COMBINATION
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SEC PAY VERSUS PERFORMANCE DISCLOSURES – WHAT YOU NEED TO KNOW
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Detailed Overview of the Held for Sale Classification Criteria

DETAILED OVERVIEW OF THE HELD FOR SALE CLASSIFICATION CRITERIA

There is no video for this course. The learning materials for this course are in the downloadable document.
CPE Processing Fee$30.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits 1.0 hour
Subject Area 1.0 - Accounting
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded Date
Date OfferedSeptember 5, 2024
Expiration DateSeptember 5, 2025
Course 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. 

Learning Objectives:


  • 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

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Camehl detailedoverviewoftheheldforsaleclassificationcriteria
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Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".   

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

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About Our Presenter

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Editorial Advisor for the AICPA’s "Journal of Accountancy" and author and reviewer of continuing professional education (CPE) courses for CPAs and other accounting professionals.