Don't freeze your assets
Tuckett, D
Don't freeze your assets - 2000 - Property Week 65(47) 1 December 2000, 80(1) .
Looks at the trend for some companies to abandon regular revaluations since Financial Reporting Standard 15 came into force March 2000. Describes why FRS 15 was brought in and how it was intended to work. It seems, however, that leading companies are abandoning revaluation on the basis of cost and additional compliance, without appreciating the benefits. Ends with a warning that companies should continue with regular formal asset valuations in view of the high level of merger and acquisition activity.
ASSET VALUATION
FINANCIAL REPORTING STANDARD 15
Don't freeze your assets - 2000 - Property Week 65(47) 1 December 2000, 80(1) .
Looks at the trend for some companies to abandon regular revaluations since Financial Reporting Standard 15 came into force March 2000. Describes why FRS 15 was brought in and how it was intended to work. It seems, however, that leading companies are abandoning revaluation on the basis of cost and additional compliance, without appreciating the benefits. Ends with a warning that companies should continue with regular formal asset valuations in view of the high level of merger and acquisition activity.
ASSET VALUATION
FINANCIAL REPORTING STANDARD 15