- 5 Marks
FR – Nov 2015 – L2 – Q7a – Fair Value Measurement (IFRS 13)
Explaining the difference between accounting treatment for investment properties and owner-occupier properties under IAS 40 and revaluation model.
Question
The objectives of IAS 40 – Investment Property is to prescribe the accounting treatment and disclosure requirements for investment property. The main issue in accounting for investment properties is to distinguish these properties separately from owner-occupier properties.
Required:
Explain how treatment of an investment property carried at fair value model differs from an owner-occupier property carried under revaluation model.
Find Related Questions by Tags, levels, etc.
- Tags: Fair Value, IAS 40, Investment Property, Real Estate Accounting, Revaluation Model
- Level: Level 2
- Topic: Fair Value Measurement (IFRS 13)
- Series: NOV 2015
Report an error