Time to call ASB efficiency proposals to account
Waters, J.
Time to call ASB efficiency proposals to account - 1996 - Property Week 55(9) 30 May 1996, 24-25(2) .
Changes to accounting rules proposed by the ASB in recent discussion papers could have wide-ranging impact on the nature and frequency of valuations for company accounts. The "Measurement of tangible fixed assets" considers what property assets shall be valued, how often, by whom, should they be mandatory, what are specialised property, should they be treated differently. Another discussion paper considers when a fall in value of a property asset is a permanent diminution in value and how should such changes in value be reflected in financial statements. The ASB will also review SSAP19 which permits property investment companies to forego charging depreciation on property assets provided annual revaluations are incorporated in their accounts.
ACCOUNTING STANDARDS
ASSET VALUATION
PROPERTY ASSETS
Time to call ASB efficiency proposals to account - 1996 - Property Week 55(9) 30 May 1996, 24-25(2) .
Changes to accounting rules proposed by the ASB in recent discussion papers could have wide-ranging impact on the nature and frequency of valuations for company accounts. The "Measurement of tangible fixed assets" considers what property assets shall be valued, how often, by whom, should they be mandatory, what are specialised property, should they be treated differently. Another discussion paper considers when a fall in value of a property asset is a permanent diminution in value and how should such changes in value be reflected in financial statements. The ASB will also review SSAP19 which permits property investment companies to forego charging depreciation on property assets provided annual revaluations are incorporated in their accounts.
ACCOUNTING STANDARDS
ASSET VALUATION
PROPERTY ASSETS