IASC fails to agree on valuations
Language: English Series: Accountancy Age ; 25 March 1999, 4(1)Publication details: 1999Subject(s): Summary: Disagreements over whether to allow current market valuations on balance sheets prevented the International Accounting Standards Committee (IASC) from agreeing draft standards on investment property and agriculture. The draft would have moved the IASC closer to UK practice which allows property assets to be marked to their market values, with gains and losses put through the income statement. It will be re-assessed in June.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3513-64 (Browse shelf(Opens below)) | 1 | Available | 92657-1001 |
Disagreements over whether to allow current market valuations on balance sheets prevented the International Accounting Standards Committee (IASC) from agreeing draft standards on investment property and agriculture. The draft would have moved the IASC closer to UK practice which allows property assets to be marked to their market values, with gains and losses put through the income statement. It will be re-assessed in June.