Land and buildings apportionments for lease classification under international financial reporting standards
Land and buildings apportionments for lease classification under international financial reporting standards
- London RICS 2006
- iv, 32p. 30cm.
- RICS Information Paper RICS Valuation Information Paper (09) .
Introduction: the accounting principles -- Accounting guidance -- Definitions -- The process of lease classification -- The value of freehold interest -- The residual value -- Apportioning the values between land and buildings -- The land and buildings residual values -- The minimum lease payments -- Apportioning the minimum lease payments -- The discount rate (interest rate implicit in the lease) -- Listed buildings -- Examples.
Provides additional information to valuers on the application of International Valuation Application 1 (IVA 1), addendum A, "Further guidance on lease accounting", published in the International Valuation Standards 2005, and is written specifically to address issues found in UK leasing practice and markets. It does not address in detail the accounting treatment of finance and operating leases. Effective from 1 June 2006.
1842192868 9781842192868
RICS appraisal and valuation standards
INTERNATIONAL VALUAITION APPLICATION 1 ADDENDUM A
United Kingdom
333.332 $2 18
Introduction: the accounting principles -- Accounting guidance -- Definitions -- The process of lease classification -- The value of freehold interest -- The residual value -- Apportioning the values between land and buildings -- The land and buildings residual values -- The minimum lease payments -- Apportioning the minimum lease payments -- The discount rate (interest rate implicit in the lease) -- Listed buildings -- Examples.
Provides additional information to valuers on the application of International Valuation Application 1 (IVA 1), addendum A, "Further guidance on lease accounting", published in the International Valuation Standards 2005, and is written specifically to address issues found in UK leasing practice and markets. It does not address in detail the accounting treatment of finance and operating leases. Effective from 1 June 2006.
1842192868 9781842192868
RICS appraisal and valuation standards
INTERNATIONAL VALUAITION APPLICATION 1 ADDENDUM A
United Kingdom
333.332 $2 18