Description
Familiarize yourself with the initial classification, recognition, and measurement of investment property under IAS 40, Investment Property.
Designed For
- Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Objectives
- Recognize when an asset meets the definition of investment property and falls within the scope of IAS 40, Investment Property.
- Identify the measurement options for investment property.
- Identify the financial reporting implications of choosing each accounting model on the financial statements.
- Recall how to account for transfers into and out of the investment property classification.