000			01487cam a2200229 4500
001			WB3915-28
008			030415n2003 000 0 eng u
035			_a(Sirsi) u121997
245			_aValuing owner-occupied properties
260			_c2003
490			_aRICS Press Release _v8 April 2003 (2)
520			_aRICS has produced a new Valuation Information Paper on how best to value owner-occupied properties in company accounts. Owner-occupied properties currently appear at Existing Use Value in company accounts under UK accounting standards, whereas under International Accounting Standards (IAS), which come into effect for all EU listed companies in 2005, they would appear generally at Market Value. The information paper highlights the dramatically different results that this change could cause. The International Accounting Standards Board is presently reviewing the IAS that includes property re-valuation. "Valuation of owner-occupied property for financial statements" is free to all Red Book subscribers or can be purchased separately from RICS Books. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=898&faculty=RICS
590			_aWB
650			_aOWNER-OCCUPIED PROPERTIES
650			_aCOMPANY ACCOUNTS
650			_aACCOUNTING STANDARDS
650			_aEXISTING USE VALUE
650			_aMARKET VALUE
650			_aINTERNATIONAL ACCOUNTING STANDARDS
690			_aPROPERTY-PROPERTY APPRAISAL AND VALUATION
942			_n0
999			_c72501 _d72501