To enable participants to understand the core principle of FRS 37 and FRS 105 and apply the requirements relating to the accounting and reporting of restructuring and discontinued operations.

Programme Outline 

• Understand the definition of provision under FRS 37
• Events or transactions that create constructive obligation that result in a provision
• Events or transactions during restructuring that require a provision under FRS 37
• Accounting implications when non-current assets are held for sale
• Accounting implications when non-current assets are abandon
• Qualifying criteria of a discontinued operations under FRS 105
• Accounting implications when a restructuring is a discontinued operations
• Determine events that require the capitalization, suspension of capitalization and cessation of capitalization of borrowing costs
• Understand the significance of disclosure requirements in FRS 23 

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants, as well as Professionals who are involved in Restructuring.

Training Methodology

Lecture style, with Exercises/Case Studies