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Presented by Liz Kolar, MBA, CPA, CGMA
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Discontinued Operations and
Exit/Disposal Activities
Discontinued Operations
• A component of an entity is
– segment,
– reporting unit,
– or asset group (not a part of a line of business)
– whose operations and cash flows are clearly
distinguished from the rest of the entity, operationally as
well as for financial reporting purposes
• A component of an entity is
– segment,
– reporting unit,
– or asset group (not a part of a line of business)
– whose operations and cash flows are clearly
distinguished from the rest of the entity, operationally as
well as for financial reporting purposes