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.

Learning Objectives
  • Discover and list the specific criteria that must be met for an asset to be classified as held for sale.
  • Recognize the accounting and reporting impacts from held for sale classification.
  • Identify potential reporting impacts from changes to a plan of sale.
Last updated/reviewed: September 12, 2022
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Detailed Overview of the Held for Sale Classification Criteria (Text Based Course)PDF