Revised International Accounting Standards (IAS)
Revised International Accounting Standards (IAS)
- 2004
- RICS Feature 28 January 2004 (3) .
Although the revised IAS, published 18 December 2003, formally come into effect on 1 January 2005, a requirement for entities adopting IAS from 2005 is that their first accounts include a comparison and reconciliation with the previous year's accounts, which means in practical terms valuations reflecting IAS could be required at any time from January 2004. RICS, through the Valuations for Financial Statements Working Group, is considering the effects of the revisions from the valuer's point of view and will publish guidance as soon as possible. http://www.rics.org/ricscms/bin/show?class=Feature &template=/includes/showfeature.html&id=970&facult y=Valuation&faculty=All%20Faculties
INTERNATIONAL ACCOUNTING STANDARDS
VALUATIONS
IAS16
IAS17
IAS40
ACCOUNTS
Although the revised IAS, published 18 December 2003, formally come into effect on 1 January 2005, a requirement for entities adopting IAS from 2005 is that their first accounts include a comparison and reconciliation with the previous year's accounts, which means in practical terms valuations reflecting IAS could be required at any time from January 2004. RICS, through the Valuations for Financial Statements Working Group, is considering the effects of the revisions from the valuer's point of view and will publish guidance as soon as possible. http://www.rics.org/ricscms/bin/show?class=Feature &template=/includes/showfeature.html&id=970&facult y=Valuation&faculty=All%20Faculties
INTERNATIONAL ACCOUNTING STANDARDS
VALUATIONS
IAS16
IAS17
IAS40
ACCOUNTS