Exposure Draft (ED) 79, Non-Current Assets Held for Sale and Discontinued Operations
The International Public Sector Accounting Standards Board® (IPSASB®) has issued Exposure Draft (ED) 79, Non-Current Assets Held for Sale and Discontinued Operations.
ED 79 is aligned with IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations and proposes new guidance on how to account for non-current assets that are classified as held for sale, when they meet specific criteria.
This ED is part of a suite of four EDs that address how to measure assets and liabilities in the public sector, and should be read in conjunction with:
- ED 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements
- ED 77, Measurement
- ED 78, Property, Plant, and Equipment
Supporting Resources have been developed to support constituents respond to this suite of EDs.