IAS 40: Difference between revisions
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''Financial reporting - International Financial Reporting Standards (IFRS) - investment property.'' | |||
International Accounting Standard 40, dealing with investment property. | International Accounting Standard 40, dealing with investment property. | ||
IAS 40 defines investment property as property held to earn rentals, or for capital appreciation, or both. | |||
It requires investment properties to be initially measured at cost, but subsequently measured at fair value. | |||
Revaluation gains and losses of investment property must be recognized in profit or loss for the period in which they arise. | |||
The fair value of investment properties must be based on market conditions at the balance sheet date - not on expected future market conditions. | |||
IAS 40 is issued by the International Accounting Standards Board. | |||
== See also == | == See also == | ||
* [[International Financial Reporting Standards]] | * [[Balance sheet date]] | ||
* [[ | * [[Fair value]] | ||
* [[Financial reporting]] | |||
* [[FRS 102]] | |||
* [[International Accounting Standards Board]] (IASB) | |||
* [[International Financial Reporting Standards]] (IFRS) | |||
* [[Investment]] | |||
* [[Property]] | |||
* [[Revaluation]] | |||
== Other resources == | |||
*[https://www.iasplus.com/en/standards/ias/ias40 IAS 40 - IAS Plus] | |||
*[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] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Compliance_and_audit]] | |||
Latest revision as of 22:04, 25 April 2023
Financial reporting - International Financial Reporting Standards (IFRS) - investment property.
International Accounting Standard 40, dealing with investment property.
IAS 40 defines investment property as property held to earn rentals, or for capital appreciation, or both.
It requires investment properties to be initially measured at cost, but subsequently measured at fair value.
Revaluation gains and losses of investment property must be recognized in profit or loss for the period in which they arise.
The fair value of investment properties must be based on market conditions at the balance sheet date - not on expected future market conditions.
IAS 40 is issued by the International Accounting Standards Board.
See also
- Balance sheet date
- Fair value
- Financial reporting
- FRS 102
- International Accounting Standards Board (IASB)
- International Financial Reporting Standards (IFRS)
- Investment
- Property
- Revaluation
