TAILIEUCHUNG - Lecture IFRS primer international GAAP basics: Chapter 11 - Wiecek, Young

Chapter 11 - Investment property: IAS 40. The main contents of the chapter consist of mains parts: Related standards, IAS 40, current GAAP comparisons, IFRS financial statement examples, looking ahead, end-of-chapter practice. | Investment Property: IAS 40 Wiecek and Young IFRS Primer Chapter 11 Investment Property Related standards IAS 40 Current GAAP comparisons IFRS financial statement examples Looking ahead End-of-chapter practice Related Standards FAS 153 Exchanges of nonmonetary assets APB 29 Accounting for nonmonetary transactions FAS 144 Accounting for the impairment on disposal of long-lived assets Related Standards IAS 2 Inventories IAS 16 Property, plant and equipment IAS 17 Leases IAS 23 Borrowing costs IAS 36 Impairment of assets IFRS 5 Non-current assets held for sale and discontinued operations IAS 40 - Overview Objective and scope Recognition Measurement at recognition Measurement after recognition Transfers Derecognition Disclosures IAS 40 – Objective and Scope IAS 40 identifies what an investment property is, how it differs from property, plant and equipment (owner-occupied property); and what recognition, measurement and disclosure standards apply to investment properties IAS 40 – Objective and Scope Investment property is defined as: property held to earn rentals or for capital appreciation or both, rather than for (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business IAS 40 - Recognition Investment property is recognized as an asset when: it is probable that its future economic benefits will flow to the entity, and its cost can be measured reliably IAS 40 – Measurement at Recognition Investment property is recognized initially at cost – applying the cost model of IAS 16 Property, Plant and Equipment – including what is capitalized in cost and the principles for non-monetary transactions Leased investment property is measured according to IAS 17 Leases IAS 40 – Measurement after Recognition After initial recognition, an entity has a choice of methods to account for investment property: Fair value model (FVM), or Cost model (CM) Must apply one model to .

• Kế toán - Kiểm toán
• International Financial Reporting Standards
• Non financial assets
• Reporting basics
• Financial assets
• Reporting entity
• Investment property
• Financial accounting
• Financial reporting
• Financial reporting standards
• Merchandising operations
• Internal control
• Financial statements
• Stockholders’ equity
• Financial statement analysis
• International financial reporting
• Conceptual framework
• Financial position
• Globalization trend
• International Accounting Standards Board
• Employee benefits
• Revenue recognition
• Including construction contracts
• government grants
• Foreign currency
• Accounting standards worldwide
• Wiley IFRS 2013
• International Financial Reporting Standard
• Tiêu chuẩn báo cáo tài chính quốc tế
• Accounting policies
• Financial liabilities
• Interim financial reports
• Interim financial reporting
• Summary of dissertation
• International financial reporting standards adoption
• Vietnamese enterprises
• IFRS standards in Vietnamese enterprises
• Application of IFRS standards
• Accounting standards
• Financial statement
• Stock exchange
• Joint stock companies
• Vietnam’s accounting standards
• Financial reporting under IFRS
• International trends
• Financial instruments
• Share based payments
• Standards applicable
• IFRS financial statement
• Separate financial statements