International Accounting Standard 40, Investment Property, IFRS

International Accounting Standards (IAS)
International Financial Reporting Standards (IFRS)

U.S. GAAP

IFRS, IAS

Accounting Topics

International Accounting Standard (IAS) 40
Investment Property

International Financial Reporting Standards (IFRS)

International Accounting Standards (IAS)

U.S. GAAP by Topic

International Accounting Standard (IAS) 40

IAS 40

Investment Property

Issued in April 2000

Revised in December 2003

Recent amendment: by IAS 1 revised September 2007

What is investment property?
   --> property held
   --> to earn rentals or
   --> for capital appreciation or both

Investment property is recognised
   --> as an asset when:
         (1) future economic benefits: it is probable to receive future economic benefits
         (2) measurement: cost can be reliably measured

Initial recognition
--> investment property is initially measured at cost.

Measurement after recognition
   --> choose one of the following models:
   (1) fair value model
   (2) cost model

fair value model
   --> carrying amount
         = fair value

   --> gain or loss from a change in fair value
         --> recognised in profit or loss

Cost model (IAS 16)
   --> carrying amount
         = cost
         - accumulated depreciation
         - accumulated impairment losses

U.S. GAAP by Topic

Accounting Topics

Inventory Valuation Methods

Depreciation Methods

Revenue Recognition Principle

Accrual Basis vs. Cash Basis Accounting

Basics of Journal Entries

Ratios for Financial Statement Analysis

Overview of Financial Statements

	Wiley IFRS 2008: Interpretation and Application of International Accounting and Financial Reporting Standards 2008 by Barry J. Epstein and Eva K. Jermakowicz (Paperback - Mar 28, 2008) Paperback Edition Book & CD-Rom Edition
	Wiley GAAP 2008: Interpretation and Application of Generally Accepted Accounting Principles 2008 Paperback Edition Book & CD-Rom Edition
	Wiley CPA Exam Review 2008: 4 Volume Set 4 Volume Set