Business Intelligence

The Valuation Of Investment Property Under Construction Under IAS 40

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Executive Summary

IAS 40 provides that the fair value of investment property shall reflect market conditions at the end of the reporting period. Para 39 further provides that the value is time-specific as of a given date. Because market conditions may change, the amount reported as fair value may be incorrect or inappropriate if estimated as of another time. The fair value has therefore to reflect a hypothetical exchange of the partially completed property in the market as of the date of the financial statement.

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