The
purpose of this statement is to set the principles of reporting information
about discontinuing operations, thereby enhancing the ability of users of
financial statements to make projections about the company's cash flow, the
company's ability to generate profits, and the financial position of the
company by separating information about discontinuing operations with
information about the operation are still in progress.
Scope
of this Statement apply to discontinued operations for all companies.
This
statement is effective for the preparation and presentation of financial
statements covering periods beginning on or after January 1, 2003. Early
application is encouraged to report the financial reporting period ending after
this statement was passed.
This
statement replaces paragraphs 18-21 and paragraph 55 of SFAS No.. 25 on Profit
or Loss for the Period, Fundamental Errors and Changes in Accounting Policies.
(Source Indonesian Institute of Accountants)
