Held for Sale Accounting

We make a few pet puns in this one. Like if you enjoy them. Comment with your favorite animal puns.

In this episode we focus in on how to account for a sale of assets. We start with when you qualify for Held for Sale Accounting. Then discuss why discontinued operations is hard to qualify for since ASU 2014-08. We also discuss goodwill allocation, impairment exceeding non-financial assets, presentation in the financial statements, and how to adjust the fair value over time.

We also define:
- A component
- A business
- A strategic shift

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0:00 Intro
1:09 Held for Sale Qualifications
2:00 Discontinued Operations
2:28 Component
2:56 Business
3:05 Strategic Shift
3:58 Goodwill
4:48 Impairment
5:43 Presentation
6:05 Adjustments
6:18 Close and Puns

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