The accounting rules we follow for assets called “land and buildings” can go in several directions, namely:
- Inventory accounting,
- PPE accounting,
- Lease accounting, or
- Investment property accounting,
but which way is the right way?
This session will help you determine when to follow the requirements of IAS 40, which requires that you account for land and buildings as investment property.
IAS 40: Investment Property
• Definitions / Scoping
• Recognition and Initial Measurement
• Subsequent Measurement – Cost VS Fair Value Model
• Transfers / Derecognition
• Disclosure requirements
