Discontinued operations

Discontinued operations

Divisions of a business that have been sold or written off and that no longer are maintained by the business.

Discontinued Operations

Divisions within a business that have either stopped operations due to lack of profitability or have been sold. A business may discontinue operations of a division if it loses money for the business or if it wishes to expand in other directions, among other reasons. The Financial Accounting Standards Board requires publicly-traded companies to report earnings per share of all divisions in its business, including discontinued operations. See also: Cost accounting.
References in periodicals archive ?
In April 2014, FASB issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which is effective for fiscal years beginning after December 15, 2014.
million from discontinued operations, net income was $1.
BANKING AND CREDIT NEWS-April 14, 2014--FASB issues discontinued operations guidance
M2 EQUITYBITES-April 14, 2014--FASB issues discontinued operations guidance
The primary subject manner of this case concerns the proper financial reporting of gains or losses on discontinued operations per Generally Accepted Accounting Principles (GAAP).
In 2002, the net loss included the negative charge of $1,048,000 for the marketable securities and $1,350,000 provision for loss on the four commercial properties, both items mentioned above, $315,000 for preferred share dividends, and $73,000 loss from discontinued operations of the technology segment.
In 1991, PerfectData bought a modem manufacturer, but discontinued operations in 1995 when it couldn't compete with rivals whose lower-priced products sported more advanced features.
41 per diluted earnings per share which includes income from discontinued operations net of minority interest of $14.
7 million in losses from discontinued operations, the net
One, Disposal of Non-current Assets and Presentation of Discontinued Operations, proposes that assets a company expects to sell and that meet specific criteria should be measured at the lower of carrying amount and fair value less selling costs, should not be depreciated and should be presented separately in the balance sheet.
Net Profit for Q4, including discontinued operations, of $50m (Q4 05: $16m)