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Courses/Accounting & Tax/NASBA - Accounting

Overview of the Held for Sale Classification Criteria

This course provides a general overview of the six held for sale classification criteria outlined within ASC 360-10.

Created byKelen Camehl
BeginnerUpdated Mar 25, 2023
Overview of the Held for Sale Classification Criteria

What You'll Learn

check_circle• List the specific criteria that must be met for an asset to be classified as held for sale
check_circle• Recognize the accounting and reporting impacts from held for sale classification
check_circle• Identify potential reporting impacts from changes to a plan of sale

About This Course

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.

Field of Study: Accounting

Your Instructor

Kelen Camehl
Kelen Camehl
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Kelen is a recognized author and reviewer of CPE courses and has authored nearly 160 courses (380+ 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 a Principal in Accounting Policy with HP in Doha, Qatar, and previously served in positions in Houston, Dallas, and Budapest, Hungary.   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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