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Property under IFRS a guide to the effects of the new International Financial Reporting Standards

By: Contributor(s): Language: English Publication details: London RICS 2004Description: 27p. 30cmISBN:
  • 1842192051
Subject(s): LOC classification:
  • 657.73
Online resources: Summary: With International Financial Reporting Standards (IFRS) becoming mandatory from January 2005, this publication provides a simple guide to the new accounting regime, explaining how IFRS will affect the reporting of property assets on the balance sheet. Highlights the key features of the newregime, discusses valuations and the property professional's role, and explains how IFRS affects published figures and financial ratios. Concludes by briefly summarising how the following countries are affected by IFRS: Australia, Czech Republic, France, Germany, Poland, Spain, the UK, and the US. Appendices contain disclosures required under IFRS and accounting treatment by class of property. View at www.rics.org.

With International Financial Reporting Standards (IFRS) becoming mandatory from January 2005, this publication provides a simple guide to the new accounting regime, explaining how IFRS will affect the reporting of property assets on the balance sheet. Highlights the key features of the newregime, discusses valuations and the property professional's role, and explains how IFRS affects published figures and financial ratios. Concludes by briefly summarising how the following countries are affected by IFRS: Australia, Czech Republic, France, Germany, Poland, Spain, the UK, and the US. Appendices contain disclosures required under IFRS and accounting treatment by class of property. View at www.rics.org.