Image from Google Jackets

Land and buildings apportionments for lease classification under international financial reporting standards

By: Language: English Series: RICS Information Paper | RICS Valuation Information Paper ; (09)Publication details: London RICS 2006Description: iv, 32p. 30cmISBN:
  • 1842192868
  • 9781842192868
Subject(s): LOC classification:
  • 333.332 $2 18
Partial contents:
Introduction: the accounting principles -- Accounting guidance -- Definitions -- The process of lease classification -- The value of freehold interest -- The residual value -- Apportioning the values between land and buildings -- The land and buildings residual values -- The minimum lease payments -- Apportioning the minimum lease payments -- The discount rate (interest rate implicit in the lease) -- Listed buildings -- Examples.
Summary: Provides additional information to valuers on the application of International Valuation Application 1 (IVA 1), addendum A, "Further guidance on lease accounting", published in the International Valuation Standards 2005, and is written specifically to address issues found in UK leasing practice and markets. It does not address in detail the accounting treatment of finance and operating leases.Summary: Effective from 1 June 2006.

Introduction: the accounting principles -- Accounting guidance -- Definitions -- The process of lease classification -- The value of freehold interest -- The residual value -- Apportioning the values between land and buildings -- The land and buildings residual values -- The minimum lease payments -- Apportioning the minimum lease payments -- The discount rate (interest rate implicit in the lease) -- Listed buildings -- Examples.

Provides additional information to valuers on the application of International Valuation Application 1 (IVA 1), addendum A, "Further guidance on lease accounting", published in the International Valuation Standards 2005, and is written specifically to address issues found in UK leasing practice and markets. It does not address in detail the accounting treatment of finance and operating leases.

Effective from 1 June 2006.