IAS 40 - Investment Property
4 Hours, 23 Jan 2024, 10:00 AM-2:00 PM
IAS 40 — Investment Property
Overview
IAS 40 Investment Property applies
to the accounting for property (land and/or buildings) held to earn rentals or
for capital appreciation (or both).
Objective
Investment properties are initially
measured at cost and, with some exceptions. may be subsequently measured using
a cost model or fair value model, with changes in the fair value under the fair
value model being recognised in profit or loss.
Investment property should be
recognised as an asset when it is probable that the future economic benefits
that are associated with the property will flow to the entity, and the cost of
the property can be reliably measured.
