imported>Doug Williamson |
imported>Administrator |
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| ''Financial reporting - International Financial Reporting Standards (IFRS) - investment property.''
| | The Institute of Chartered Accountants of Scotland. |
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| International Accounting Standard 40, dealing with investment property.
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| IAS 40 defines investment property as property held to earn rentals or for capital appreciation or both.
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| It requires investment properties to be initially measured at cost, but subsequently measured at fair value.
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| Revaluation gains and losses of investment property must be recognized in profit or loss for the period in which they arise.
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| The fair value of investment properties must be based on market conditions at the balance sheet date - not on expected future market conditions.
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| IAS 40 is issued by the International Accounting Standards Board.
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| == See also == | | == See also == |
| * [[Balance sheet date]] | | * [[CA]] |
| * [[Fair value]] | | * [[Chartered Accountant]] |
| * [[Financial reporting]] | | * [[Chartered Institute of Management Accountants]] |
| * [[FRS 102]] | | * [[ICAEW]] |
| * [[International Accounting Standards Board]] (IASB)
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| * [[International Financial Reporting Standards]] (IFRS)
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| * [[Investment]]
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| * [[Property]]
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| == Other resources ==
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| *[https://www.iasplus.com/en/standards/ias/ias40 IAS 40 - IAS Plus]
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| *[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ias-40-investment-property.pdf?bypass=on IAS 40 text - IFRS]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Corporate_finance]]
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| [[Category:Compliance_and_audit]]
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