Management and Organizational Studies 3360A/B Lecture Notes - Current Asset, Equity Method, Issued Shares

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3360A/B
• Professor: Stacey Hann

Document Summary

Discontinued operations is always presented net of tax and after income tax. When criteria for assets held for sale are fulfilled: aspe: Lower of the (net book value) or (fair value less cost to sell) Adjustment to i/s if (fv-cost) is lower: loss in impairment (rocketeer division. Three things you need to show net of tax. Income from continuing operations: discontinued operations, oci (ifrs only) shown after net income and the final line = comprehensive income . Eps is presented thrice once for ni, once for discontinued, once for net. Investments are presented depending on management"s intention with that particular investment: short-term investments, long-term bonds held till maturity, strategic investments are long-term. How to account for investments on the balance sheet: fair value, cost/amortized cost, equity method (only applicable for long-term investments) How to account for a/r: current asset, show gross a/r less afda (net realizable value) How to account for pp&e: aspe.