Intermediate

Discontinued Operations (ASC 205-20) Criteria

Assesses if a business divestiture meets the threshold for 'Discontinued Ops' reporting.

Determine if the sale of the {division_name} qualifies as a 'Discontinued Operation' under ASC 205-20. Does it represent a 'Strategic Shift' that has a major effect on operations and financial results? Provide the quantitative and qualitative justification for your conclusion.

Related Prompts

Financial Accounting
Beginner

Month-End Close Checklist Generator

Generates a comprehensive month-end close checklist tailored to your company type and size.

ChatGPT-4oClaude Sonnet 4.5Gemini 2.5 Pro
1
1
52
Financial Accounting
Advanced

Impairment indicator screen and impairment test outline

Screens for impairment indicators and outlines an impairment test approach with documentation steps. Useful for controllers and advisors supporting annual impairment reviews.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
27
Financial Accounting
Beginner

Vendor statement reconciliation and duplicate payment scan

Reconciles vendor statements to AP subledger and identifies duplicates/credits. Produces a clear recon with recovery actions for AP and treasury.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
1
41