Cost model or fair value?
Series: Property Week ; 65(15) 14 April 2000, 92(1)Publication details: 2000Subject(s): Summary: International accounting standard IAS40 on investment property becomes effective on or after 1 A January 2001. The standard allows companies to decide whether or not show their investment properties to fair value on the balance sheet. But it is a requirement to disclose the fair value in the notes to the accounts if investment properties are held at historical cost less depreciation. Considers how companies will decide to account for their properties at some cost implications - audit and valuation; issues in choosing a valuer and other changes in practice.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS62263 (Browse shelf(Opens below)) | 1 | Available | 105726-1001 |
International accounting standard IAS40 on investment property becomes effective on or after 1 A January 2001. The standard allows companies to decide whether or not show their investment properties to fair value on the balance sheet. But it is a requirement to disclose the fair value in the notes to the accounts if investment properties are held at historical cost less depreciation. Considers how companies will decide to account for their properties at some cost implications - audit and valuation; issues in choosing a valuer and other changes in practice.