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Pas 40 Concept Map

PAS 40 provides guidance on accounting for investment property. It defines investment property as property held to earn rentals or for capital appreciation, or both. Investment property should be recognized initially at cost and subsequently measured at fair value, with changes in fair value recognized in profit or loss. The standard specifies the accounting and disclosure requirements for transfers and derecognition of investment property.

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John Steve Vasallo
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297 views1 page

Pas 40 Concept Map

PAS 40 provides guidance on accounting for investment property. It defines investment property as property held to earn rentals or for capital appreciation, or both. Investment property should be recognized initially at cost and subsequently measured at fair value, with changes in fair value recognized in profit or loss. The standard specifies the accounting and disclosure requirements for transfers and derecognition of investment property.

Uploaded by

John Steve Vasallo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PAS 40

PAS 40 - Investment
Property

Definition of Recognition of Subsequent Accounting for Accounting for


Scope Initial measurement Depreciation Disclosures
investment property investment property measurement transfers derecognition

Definition of Characteristics of Criteria for


Cost model Cost model Transfers Derecognition Fair value model
investment property investment property recognition

Transfer to or from
Recognition of Property held for Transfer of property to Sale of an investment
Fair value model Fair value model owner-occupied Reconciliations
investment property rental income investment property property
property

Transfer of property Disposal of an


Property held for Transfer to or from Gains or losses from
Initial measurement from investment Changes in fair value investment property
capital appreciation inventory investment property
property group

Subsequent Significant
Transfer of control
measurement assumptions

Transfers Restrictions on title

Contractual
Derecognition
obligations

Options to purchase or
Disclosures
renew

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