discontinued operation

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.

discontinued operation

A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations.
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References in periodicals archive ?
Its primary effect is to tighten the requirements for treating the disposal of a component of a business as a discontinued operation.
Reporting of discontinued operations: past, present, and future
Part of the new definition of discontinued operation is based on elements of the definition of discontinued operations in IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations.
FASB issues discontinued operations guidance
FAS #144 expanded the discontinued operation provisions so that more disposal situations would likely trigger the display of discontinued operations.
Organic foods: the financial reporting of discontinued operations
A company that does not report a discontinued operation but reports an extraordinary item or cumulative effect of an accounting change should report basic EPS for net income before extraordinary items or net income before accounting change and net income on the face of the income statement.
Simplifying EPS
million from discontinued operations, net income was $1.
Scoreboard
M2 EQUITYBITES-April 14, 2014--FASB issues discontinued operations guidance
FASB issues discontinued operations guidance
standards in accounting for discontinued operations.
Convergence: in search of the best: CPAs should understand how U.S. and foreign accounting standards influence each other
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.
Paragon's 'diligent work' shows in firm's third quarter earnings
7 million in losses from discontinued operations, the net
Duckwall-ALCO's results

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