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
6
Financial Accounting
Advanced

ASC 606 contract intake: performance obligations & allocation

Analyzes a customer contract under ASC 606/IFRS 15: identifies performance obligations, determines transaction price, and allocates consideration. Produces a concise memo and a revenue schedule outline.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
3
Financial Accounting
Advanced

IFRS 15 variable consideration constraint assessment

Evaluates variable consideration and the constraint, documenting probability-weighted outcomes and recognition impacts. Helps controllers defend judgments and build consistent templates across contracts.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
4