IAS 40 Investment Property
E453778
IAS 40 Investment Property is an International Accounting Standard that prescribes the accounting treatment, recognition, and disclosure requirements for property held to earn rentals or for capital appreciation.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| IAS 40 | 0 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
IFRS standard
ⓘ
International Accounting Standard ⓘ |
| allows | transfer to or from investment property when change in use occurs ⓘ |
| appliesTo | investment property ⓘ |
| appliesToEntities |
entities that hold property for capital appreciation
ⓘ
entities that hold property to earn rentals ⓘ |
| classificationCriterion |
intention for capital appreciation
ⓘ
intention to earn rentals ⓘ not held for administrative purposes ⓘ not held for sale in the ordinary course of business ⓘ not held for use in production or supply of goods or services ⓘ |
| costModelTreatment |
depreciation recognised in accordance with IAS 16
ⓘ
impairment recognised in accordance with IAS 36 ⓘ |
| defines | investment property ⓘ |
| fairValueModelTreatment | changes in fair value recognised in profit or loss ⓘ |
| fullName | IAS 40 Investment Property NERFINISHED ⓘ |
| issuedBy |
IASB
NERFINISHED
ⓘ
International Accounting Standards Board NERFINISHED ⓘ |
| jurisdiction | IFRS-reporting entities worldwide ⓘ |
| language | English (official text) ⓘ |
| measurementModelOptions |
cost model
ⓘ
fair value model ⓘ |
| objective |
to prescribe disclosure requirements for investment property
ⓘ
to prescribe the accounting treatment for investment property ⓘ |
| predecessorBody |
IASC
NERFINISHED
ⓘ
International Accounting Standards Committee NERFINISHED ⓘ |
| relatedStandard |
IAS 16 Property, Plant and Equipment
NERFINISHED
ⓘ
IAS 36 Impairment of Assets NERFINISHED ⓘ IFRS 13 Fair Value Measurement NERFINISHED ⓘ IFRS 5 Non-current Assets Held for Sale and Discontinued Operations NERFINISHED ⓘ |
| requires |
consistency of measurement model for all investment property
ⓘ
disclosure of direct operating expenses from investment property ⓘ disclosure of fair value of investment property ⓘ disclosure of measurement basis ⓘ disclosure of methods and significant assumptions applied in determining fair value ⓘ disclosure of rental income from investment property ⓘ evidence of change in use for transfers of property classification ⓘ inclusion of transaction costs in initial measurement ⓘ initial measurement at cost ⓘ reconciliation of carrying amount of investment property ⓘ subsequent measurement using either fair value model or cost model ⓘ |
| scopeExcludes |
owner-occupied property
ⓘ
property being constructed or developed for future use as investment property when IAS 16 applies ⓘ property held for sale in the ordinary course of business ⓘ |
| scopeIncludes |
property held for capital appreciation
ⓘ
property held to earn rentals ⓘ |
| status | in force ⓘ |
| subjectArea |
accounting for investment property
ⓘ
financial reporting ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.