Cost model or fair value?
Crawford-Ingle, A.D
Cost model or fair value? - 2000 - Property Week 65(15) 14 April 2000, 92(1) .
International accounting standard IAS40 on investment property becomes effective on or after 1 A January 2001. The standard allows companies to decide whether or not show their investment properties to fair value on the balance sheet. But it is a requirement to disclose the fair value in the notes to the accounts if investment properties are held at historical cost less depreciation. Considers how companies will decide to account for their properties at some cost implications - audit and valuation; issues in choosing a valuer and other changes in practice.
ACCOUNTING STANDARDS
INVESTMENT PROPERTY
FAIR VALUE
Cost model or fair value? - 2000 - Property Week 65(15) 14 April 2000, 92(1) .
International accounting standard IAS40 on investment property becomes effective on or after 1 A January 2001. The standard allows companies to decide whether or not show their investment properties to fair value on the balance sheet. But it is a requirement to disclose the fair value in the notes to the accounts if investment properties are held at historical cost less depreciation. Considers how companies will decide to account for their properties at some cost implications - audit and valuation; issues in choosing a valuer and other changes in practice.
ACCOUNTING STANDARDS
INVESTMENT PROPERTY
FAIR VALUE