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
4
253
Financial Accounting
Intermediate

AP three-way match exceptions and accrual recommendations

Finds exceptions between PO, receiving, and invoice data; recommends resolutions and accruals for goods received not invoiced. Helps AP teams and controllers reduce close surprises.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
130
Financial Accounting
Intermediate

AR aging review and expected credit loss (ECL/CECL-lite)

Analyzes AR aging, flags collection risks, and proposes an allowance methodology and JE. Useful for controllers in smaller entities who need a practical, supportable approach.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
70