This document summarizes IAS 40 on investment property. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. It outlines the classification, recognition, measurement and disclosure requirements for investment property according to IAS 40, including initial measurement at cost and the option to use the fair value model or cost model for subsequent measurement. It also discusses transfers, disposals and specific disclosure requirements.
Introduction : Investment in property and landMicha Paramitha
Investment in Property and Land discusses various types of investment property and land rights under Indonesian law. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. The document outlines five types of land rights under Indonesian agrarian law: rights of ownership, rights of exploitation, rights to build, rights of use, and rights to operate. It also discusses factors that affect the selling price of property, including demand, supply, property restrictions/location/quality, and provides examples of relevant documents like IMB and PBB certificates.
This standard outlines the accounting treatment and disclosure requirements for investment property. It defines investment property as property held to earn rentals or for capital appreciation rather than for short-term sale or use in production. The standard specifies that investment property is initially recognized at cost and can be subsequently measured using either the cost or fair value model. It also provides guidance on transfers to or from investment property, disposal of investment property, and impairment of investment property. Extensive disclosure requirements are specified regarding investment property balances, fair values, rental income and expenses, and restrictions.
IAS 40 provides guidance on accounting for investment property. Investment property is defined as property held to earn rentals or for capital appreciation. Investment property can initially be measured using either the cost model or fair value model. Under the cost model, investment property is carried at cost less accumulated depreciation and impairment losses. Under the fair value model, investment property is remeasured at fair value at each reporting date with changes in fair value recognized in profit or loss. The standard also provides guidance on recognition, measurement, transfers and disposal of investment property.
Investment property is land or buildings held to earn rentals or for capital appreciation. It can be measured using either the cost model or fair value model. Under the fair value model, investment property is remeasured at fair value at each reporting date, with changes in fair value recognized in profit or loss. Fair value is based on market prices in an active market, and if unavailable, considers other valuation techniques like discounted cash flows. Transfers between investment property, owner-occupied property, and inventory can only occur when there is a change in use evidenced by commencement or cessation of owner occupation or development.
This document discusses Ind AS-40, which relates to investment property. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production or sale. Examples provided include land held for appreciation and buildings held to be leased. It discusses initial and subsequent measurement of investment property at cost or fair value. Transfers to or from investment property require a change in use. Gains or losses on disposal are recognized in net income. Required disclosures include classification methods, fair value details, rental income and expenses, and restrictions.
The document discusses accounting for investment property according to IAS 40. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. It provides examples of investment property and owner-occupied property. It discusses topics such as initial measurement, subsequent measurement using the cost or fair value model, gains/losses on remeasurement, and accounting for property under construction.
This document provides definitions and guidance on accounting for investment property according to IAS 40. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. Investment property is initially measured at cost and subsequently measured either using the cost model or fair value model. Under the fair value model, changes in fair value are recognized in profit or loss. The document outlines criteria for investment property recognition, measurement, transfers between models, impairment, and disposal.
This document summarizes IAS 40 on investment property. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. It outlines the classification, recognition, measurement and disclosure requirements for investment property according to IAS 40, including initial measurement at cost and the option to use the fair value model or cost model for subsequent measurement. It also discusses transfers, disposals and specific disclosure requirements.
Introduction : Investment in property and landMicha Paramitha
Investment in Property and Land discusses various types of investment property and land rights under Indonesian law. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. The document outlines five types of land rights under Indonesian agrarian law: rights of ownership, rights of exploitation, rights to build, rights of use, and rights to operate. It also discusses factors that affect the selling price of property, including demand, supply, property restrictions/location/quality, and provides examples of relevant documents like IMB and PBB certificates.
This standard outlines the accounting treatment and disclosure requirements for investment property. It defines investment property as property held to earn rentals or for capital appreciation rather than for short-term sale or use in production. The standard specifies that investment property is initially recognized at cost and can be subsequently measured using either the cost or fair value model. It also provides guidance on transfers to or from investment property, disposal of investment property, and impairment of investment property. Extensive disclosure requirements are specified regarding investment property balances, fair values, rental income and expenses, and restrictions.
IAS 40 provides guidance on accounting for investment property. Investment property is defined as property held to earn rentals or for capital appreciation. Investment property can initially be measured using either the cost model or fair value model. Under the cost model, investment property is carried at cost less accumulated depreciation and impairment losses. Under the fair value model, investment property is remeasured at fair value at each reporting date with changes in fair value recognized in profit or loss. The standard also provides guidance on recognition, measurement, transfers and disposal of investment property.
Investment property is land or buildings held to earn rentals or for capital appreciation. It can be measured using either the cost model or fair value model. Under the fair value model, investment property is remeasured at fair value at each reporting date, with changes in fair value recognized in profit or loss. Fair value is based on market prices in an active market, and if unavailable, considers other valuation techniques like discounted cash flows. Transfers between investment property, owner-occupied property, and inventory can only occur when there is a change in use evidenced by commencement or cessation of owner occupation or development.
This document discusses Ind AS-40, which relates to investment property. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production or sale. Examples provided include land held for appreciation and buildings held to be leased. It discusses initial and subsequent measurement of investment property at cost or fair value. Transfers to or from investment property require a change in use. Gains or losses on disposal are recognized in net income. Required disclosures include classification methods, fair value details, rental income and expenses, and restrictions.
The document discusses accounting for investment property according to IAS 40. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. It provides examples of investment property and owner-occupied property. It discusses topics such as initial measurement, subsequent measurement using the cost or fair value model, gains/losses on remeasurement, and accounting for property under construction.
This document provides definitions and guidance on accounting for investment property according to IAS 40. It defines investment property as property held to earn rentals or for capital appreciation rather than for use in production. Investment property is initially measured at cost and subsequently measured either using the cost model or fair value model. Under the fair value model, changes in fair value are recognized in profit or loss. The document outlines criteria for investment property recognition, measurement, transfers between models, impairment, and disposal.
Chap 5 IAS 40 - Investment Property.pptxKashif Butt
IAS 40 provides guidance on accounting for investment property. Investment property is property held to earn rentals or for capital appreciation. It can be measured using either the fair value model or cost model. The fair value model remeasures properties to fair value through profit or loss. The cost model measures properties similarly to property, plant, and equipment. Transfers between categories are accounted for depending on the models used. Extensive disclosures are required regarding investment properties.
Ias 16 property plant and equipment-presentationShadabAhmadFaiq
The document discusses the key aspects of IAS 16 Property, Plant and Equipment including:
- The objective is to prescribe the accounting treatment for property, plant and equipment.
- Scope outlines what is excluded like IFRS 5 and IAS 40.
- Definitions for terms like PPE, carrying amount, depreciation.
- Recognition criteria that future benefits are probable and cost can be reliably measured.
- Measurement includes initial cost and subsequent cost model or revaluation model.
- Depreciation is systematically allocated over useful life.
- Impairment is assessed using IAS 36.
- Derecognition occurs from disposal or no future benefits are expected.
IAS 16 provides the accounting requirements for property, plant, and equipment (PP&E). It requires PP&E to be recognized as an asset if it meets the definition of an asset and the recognition criteria. The standard addresses the initial measurement and subsequent accounting for PP&E, including depreciation, impairment losses, and derecognition. It also provides guidance on the choice between the cost model or revaluation model for subsequent measurement.
This document discusses accounting standards for investment property. It defines investment property and outlines how to initially recognize, subsequently measure, and transfer property within the investment property classification. The key points are:
1) Investment property is property held to earn rentals or for capital appreciation. It is initially recognized at cost and can subsequently be measured at fair value or cost depending on whether fair value can be reliably measured.
2) If fair value can be reliably measured, investment property is carried at fair value after initial recognition. Otherwise, it is carried at cost less depreciation and impairment.
3) If fair value becomes reliably measurable, the property transfers to the fair value model. If fair value becomes unreliable, it transfers
This document outlines accounting policies and procedures for investment property according to VAS 05. It defines investment property and distinguishes it from owner-occupied property. It provides guidance on recognition of investment property, initial and subsequent measurement, transfers, and examples of investment property versus items that are not considered investment property. Criteria for investment property determination and treatment of property leased between group entities are also addressed.
Ind AS 16 prescribes the accounting treatment for property, plant and equipment. The standard aims to provide information about an entity's investment in property, plant and equipment and the changes in such investment. It covers the recognition and measurement of property, plant and equipment, depreciation, and impairment losses. The principal issues are recognition of assets, determination of carrying amounts, depreciation charges, and impairment losses.
The document discusses the key aspects of Ind AS 16 regarding the accounting treatment of property, plant, and equipment. It covers topics such as:
- Timing of recognizing assets and determining carrying amounts
- Components of asset cost and subsequent costs
- Depreciation methods and impairment
- Useful life and residual value definitions
- Recognition, measurement, and derecognition of property, plant, and equipment
The document provides definitions of important terms related to property, plant, and equipment accounting and outlines the objectives, scope, and applicability of Ind AS 16.
This document discusses accounting standards related to non-current assets. It covers IAS 16 on property, plant, and equipment; IAS 40 on investment property; accounting for intangible assets under IAS 38; impairment of assets under IAS 36; and classification and measurement of non-current assets held for sale under IFRS 5. The standards address initial recognition, subsequent measurement, depreciation, impairment reviews, and disclosure requirements for these types of non-current assets.
This document discusses accounting for tangible non-current assets under IAS 16, IAS 23, IAS 20 and IAS 40. It covers measurement of property, plant and equipment at cost or using revaluation model. It discusses capitalization of borrowing costs, treatment of government grants, and classification and measurement of investment properties using cost or fair value model. The document provides accounting policies, requirements and examples for non-current tangible assets in accordance with International Financial Reporting Standards.
The document discusses the treatment of non-financial assets under IAS 16, 17, and 40. It provides an overview of key principles for property, plant, and equipment (PPE), investment property, and leases. For PPE, it covers recognition, measurement, depreciation, and derecognition. It also discusses asset retirement obligations. For investment property, it discusses definitions, initial and subsequent measurement, fair value model, and transfers between classes. For leases, it distinguishes between finance and operating leases and how they are classified and accounted for.
This document provides an overview of IAS 16, which establishes the accounting requirements for property, plant and equipment. It defines key terms, outlines the requirements for recognition, measurement, depreciation, impairment, derecognition and disclosure of property, plant and equipment. The standard aims to prescribe the accounting treatment for PPE, including how to determine the carrying amount and calculate depreciation charges and impairment losses. It applies to tangible items used in operations or for administrative purposes that are expected to be used for more than one period.
This document summarizes IAS 16, which provides guidance on accounting for property, plant, and equipment. It defines property, plant, and equipment and outlines the requirements for initial recognition, measurement, depreciation, and impairment. Key aspects covered include determining the cost of self-constructed or exchanged assets, capitalizing major repairs/replacements, and allowing use of either the cost model or revaluation model for subsequent measurement.
IAS 16 establishes the principles for recognizing and measuring property, plant and equipment. It requires assets to be recorded at cost and outlines two models for subsequent measurement - the cost model and revaluation model. It also provides guidance on derecognition and disclosures such as depreciation methods, useful lives, and reconciliations of carrying amounts.
The document is an assignment submission on property, plant, and equipment (PPE) accounting according to IAS 16. It includes an overview of IAS 16, definitions, objectives, scope, recognition criteria, initial and subsequent measurement, depreciation, impairment testing, and disclosure requirements for PPE. The assignment was submitted to a lecturer at Green University of Bangladesh by two students for their Advanced Accounting course.
The document outlines Tintoria Ltd's fixed asset capitalization policy. Key points include:
- Assets over Kshs 50,000 are capitalized, except for land and buildings which require a Kshs 100,000 minimum.
- Capitalizable costs include acquisition costs and improvements extending asset life.
- Assets are categorized and depreciated according to class. Land is not depreciated.
- The policy aims to comply with accounting standards and ensure proper financial reporting of fixed assets.
This standard provides guidance on accounting for property, plant, and equipment. It defines property, plant, and equipment as tangible items held for use in production, rental, or administration that are expected to be used for more than one period. An item qualifies as an asset when future benefits are probable and cost can be reliably measured. After initial recognition at cost, items are carried either using the cost model (at cost less depreciation and impairment) or revaluation model (at fair value less depreciation and impairment). Depreciation is allocated systematically over an asset's useful life, and the carrying amount is derecognized when disposed of or no future benefits are expected.
- The document defines terms related to accounting for tangible fixed assets such as historical cost, depreciation, useful life, and liquidation value.
- To be recognized as a tangible fixed asset, an asset must meet four criteria: provide future economic benefits, have a reliably determined historical cost, have an estimated useful life of over one year, and meet value criteria under current regulations.
- Tangible fixed assets are classified into groups like buildings, machinery, vehicles, and more based on their nature and use. Their recognition as assets or expenses affects financial reporting.
PAS 16_Property, Plant and Equipment pptq8phzvrkm8
This document provides an overview of PAS 16 Property, Plant and Equipment. It discusses the recognition, measurement, and subsequent accounting for PPE. Key points include: PPE must be tangible, for long-term use, and used in operations. It is initially measured at cost and subsequently using either the cost or revaluation model. Depreciation is systematically allocated over the useful life, and the straight-line method is commonly used. PPE is derecognized upon disposal or when no future benefits are expected.
The document discusses two International Accounting Standards: IAS 36 Impairment of Assets and IAS 40 Investment Property.
IAS 36 provides guidance on recognizing and measuring impairment losses on assets. An impairment loss is recognized when the carrying amount of an asset exceeds its recoverable amount, defined as the higher of an asset's fair value less costs to sell or its value in use.
IAS 40 provides the accounting requirements for investment property, which is property held to earn rentals or for capital appreciation. Investment property can be measured initially at cost and subsequently using either the fair value model or cost model.
Chap 5 IAS 40 - Investment Property.pptxKashif Butt
IAS 40 provides guidance on accounting for investment property. Investment property is property held to earn rentals or for capital appreciation. It can be measured using either the fair value model or cost model. The fair value model remeasures properties to fair value through profit or loss. The cost model measures properties similarly to property, plant, and equipment. Transfers between categories are accounted for depending on the models used. Extensive disclosures are required regarding investment properties.
Ias 16 property plant and equipment-presentationShadabAhmadFaiq
The document discusses the key aspects of IAS 16 Property, Plant and Equipment including:
- The objective is to prescribe the accounting treatment for property, plant and equipment.
- Scope outlines what is excluded like IFRS 5 and IAS 40.
- Definitions for terms like PPE, carrying amount, depreciation.
- Recognition criteria that future benefits are probable and cost can be reliably measured.
- Measurement includes initial cost and subsequent cost model or revaluation model.
- Depreciation is systematically allocated over useful life.
- Impairment is assessed using IAS 36.
- Derecognition occurs from disposal or no future benefits are expected.
IAS 16 provides the accounting requirements for property, plant, and equipment (PP&E). It requires PP&E to be recognized as an asset if it meets the definition of an asset and the recognition criteria. The standard addresses the initial measurement and subsequent accounting for PP&E, including depreciation, impairment losses, and derecognition. It also provides guidance on the choice between the cost model or revaluation model for subsequent measurement.
This document discusses accounting standards for investment property. It defines investment property and outlines how to initially recognize, subsequently measure, and transfer property within the investment property classification. The key points are:
1) Investment property is property held to earn rentals or for capital appreciation. It is initially recognized at cost and can subsequently be measured at fair value or cost depending on whether fair value can be reliably measured.
2) If fair value can be reliably measured, investment property is carried at fair value after initial recognition. Otherwise, it is carried at cost less depreciation and impairment.
3) If fair value becomes reliably measurable, the property transfers to the fair value model. If fair value becomes unreliable, it transfers
This document outlines accounting policies and procedures for investment property according to VAS 05. It defines investment property and distinguishes it from owner-occupied property. It provides guidance on recognition of investment property, initial and subsequent measurement, transfers, and examples of investment property versus items that are not considered investment property. Criteria for investment property determination and treatment of property leased between group entities are also addressed.
Ind AS 16 prescribes the accounting treatment for property, plant and equipment. The standard aims to provide information about an entity's investment in property, plant and equipment and the changes in such investment. It covers the recognition and measurement of property, plant and equipment, depreciation, and impairment losses. The principal issues are recognition of assets, determination of carrying amounts, depreciation charges, and impairment losses.
The document discusses the key aspects of Ind AS 16 regarding the accounting treatment of property, plant, and equipment. It covers topics such as:
- Timing of recognizing assets and determining carrying amounts
- Components of asset cost and subsequent costs
- Depreciation methods and impairment
- Useful life and residual value definitions
- Recognition, measurement, and derecognition of property, plant, and equipment
The document provides definitions of important terms related to property, plant, and equipment accounting and outlines the objectives, scope, and applicability of Ind AS 16.
This document discusses accounting standards related to non-current assets. It covers IAS 16 on property, plant, and equipment; IAS 40 on investment property; accounting for intangible assets under IAS 38; impairment of assets under IAS 36; and classification and measurement of non-current assets held for sale under IFRS 5. The standards address initial recognition, subsequent measurement, depreciation, impairment reviews, and disclosure requirements for these types of non-current assets.
This document discusses accounting for tangible non-current assets under IAS 16, IAS 23, IAS 20 and IAS 40. It covers measurement of property, plant and equipment at cost or using revaluation model. It discusses capitalization of borrowing costs, treatment of government grants, and classification and measurement of investment properties using cost or fair value model. The document provides accounting policies, requirements and examples for non-current tangible assets in accordance with International Financial Reporting Standards.
The document discusses the treatment of non-financial assets under IAS 16, 17, and 40. It provides an overview of key principles for property, plant, and equipment (PPE), investment property, and leases. For PPE, it covers recognition, measurement, depreciation, and derecognition. It also discusses asset retirement obligations. For investment property, it discusses definitions, initial and subsequent measurement, fair value model, and transfers between classes. For leases, it distinguishes between finance and operating leases and how they are classified and accounted for.
This document provides an overview of IAS 16, which establishes the accounting requirements for property, plant and equipment. It defines key terms, outlines the requirements for recognition, measurement, depreciation, impairment, derecognition and disclosure of property, plant and equipment. The standard aims to prescribe the accounting treatment for PPE, including how to determine the carrying amount and calculate depreciation charges and impairment losses. It applies to tangible items used in operations or for administrative purposes that are expected to be used for more than one period.
This document summarizes IAS 16, which provides guidance on accounting for property, plant, and equipment. It defines property, plant, and equipment and outlines the requirements for initial recognition, measurement, depreciation, and impairment. Key aspects covered include determining the cost of self-constructed or exchanged assets, capitalizing major repairs/replacements, and allowing use of either the cost model or revaluation model for subsequent measurement.
IAS 16 establishes the principles for recognizing and measuring property, plant and equipment. It requires assets to be recorded at cost and outlines two models for subsequent measurement - the cost model and revaluation model. It also provides guidance on derecognition and disclosures such as depreciation methods, useful lives, and reconciliations of carrying amounts.
The document is an assignment submission on property, plant, and equipment (PPE) accounting according to IAS 16. It includes an overview of IAS 16, definitions, objectives, scope, recognition criteria, initial and subsequent measurement, depreciation, impairment testing, and disclosure requirements for PPE. The assignment was submitted to a lecturer at Green University of Bangladesh by two students for their Advanced Accounting course.
The document outlines Tintoria Ltd's fixed asset capitalization policy. Key points include:
- Assets over Kshs 50,000 are capitalized, except for land and buildings which require a Kshs 100,000 minimum.
- Capitalizable costs include acquisition costs and improvements extending asset life.
- Assets are categorized and depreciated according to class. Land is not depreciated.
- The policy aims to comply with accounting standards and ensure proper financial reporting of fixed assets.
This standard provides guidance on accounting for property, plant, and equipment. It defines property, plant, and equipment as tangible items held for use in production, rental, or administration that are expected to be used for more than one period. An item qualifies as an asset when future benefits are probable and cost can be reliably measured. After initial recognition at cost, items are carried either using the cost model (at cost less depreciation and impairment) or revaluation model (at fair value less depreciation and impairment). Depreciation is allocated systematically over an asset's useful life, and the carrying amount is derecognized when disposed of or no future benefits are expected.
- The document defines terms related to accounting for tangible fixed assets such as historical cost, depreciation, useful life, and liquidation value.
- To be recognized as a tangible fixed asset, an asset must meet four criteria: provide future economic benefits, have a reliably determined historical cost, have an estimated useful life of over one year, and meet value criteria under current regulations.
- Tangible fixed assets are classified into groups like buildings, machinery, vehicles, and more based on their nature and use. Their recognition as assets or expenses affects financial reporting.
PAS 16_Property, Plant and Equipment pptq8phzvrkm8
This document provides an overview of PAS 16 Property, Plant and Equipment. It discusses the recognition, measurement, and subsequent accounting for PPE. Key points include: PPE must be tangible, for long-term use, and used in operations. It is initially measured at cost and subsequently using either the cost or revaluation model. Depreciation is systematically allocated over the useful life, and the straight-line method is commonly used. PPE is derecognized upon disposal or when no future benefits are expected.
The document discusses two International Accounting Standards: IAS 36 Impairment of Assets and IAS 40 Investment Property.
IAS 36 provides guidance on recognizing and measuring impairment losses on assets. An impairment loss is recognized when the carrying amount of an asset exceeds its recoverable amount, defined as the higher of an asset's fair value less costs to sell or its value in use.
IAS 40 provides the accounting requirements for investment property, which is property held to earn rentals or for capital appreciation. Investment property can be measured initially at cost and subsequently using either the fair value model or cost model.
FM CH 4.pptx best presentation for financial managementKalkaye
This chapter discusses the cost of capital, which is the minimum rate of return a firm must earn on its invested capital to maintain its market value. The cost of each source of capital (debt, preferred stock, common stock, retained earnings) is calculated separately as the component or specific cost of capital. The overall cost of capital is the weighted average cost of capital (WACC), which is calculated using either book values or market values of each capital source. The chapter provides examples of calculating the specific cost for each component and the WACC using both book value and market value methods. It also discusses calculating the weighted marginal cost of capital when additional capital is raised from multiple sources.
FM CH 3 ppt.pptx best presentation for financial managementKalkaye
Money has a time value that can be measured using present value (PV) and future value (FV). PV is the current worth of future money, while FV is the future worth of current money. Interest is the price paid to use money over time, and can be simple or compound. Simple interest is calculated on the initial investment only, while compound interest is calculated on the initial amount plus all accrued interest over time. Time value of money concepts like present and future value, interest rates, and annuities are used to evaluate financial decisions over different points in time.
cost II ch 5 ppt-1 (1).pptx best presentationKalkaye
The document discusses several topics related to relevant costs and decision making:
1. It defines relevant costs as future costs and revenues that differ among alternative courses of action being considered. Costs and revenues must be incremental and future to be relevant.
2. It provides examples of relevant costs like avoidable and opportunity costs. Non-relevant costs include sunk, committed, and spare capacity costs.
3. It discusses how identifying relevant costs and benefits is important for decision making and avoiding too much information.
4. It provides examples of decisions involving special orders, adding/dropping products, make-or-buy, product mix under capacity constraints, and processing joint products further.
The document discusses key concepts and terminology related to financial instruments, specifically long term debt and investments. It defines financial instruments, financial assets, financial liabilities, and equity instruments. It also covers initial recognition and measurement of financial instruments, classification of financial assets, subsequent measurement of financial assets at amortized cost and fair value through other comprehensive income, and types of bonds including convertible and callable bonds.
FA II - Chapter 2 & 3; Part II.pptx best presentationKalkaye
This document provides an example of accounting for serial bonds issued at a 9% yield and 11% yield over 10 years. It includes calculations of present value of interest and principal payments, journal entries to record bond issuances and premium/discount amortization, and examples of early extinguishment before maturity through cash payment, asset exchange, and modification of terms.
FA II - Chapter 6; IAS 8.pptx best presentationKalkaye
IAS 8 provides guidance on accounting policies, changes in accounting estimates, and correction of errors. It establishes the hierarchy for selecting accounting policies giving priority to applicable IFRS standards. Changes in accounting policies are generally accounted for retrospectively while changes in estimates are accounted for prospectively. Errors in prior period financial statements are corrected retrospectively.
FA II - Chapter 7; Accounting for Income Tax.pptxKalkaye
This document provides an overview of IAS 12, which establishes accounting requirements for income taxes. It defines key terms like tax base and carrying amount, and explains the differences between taxable income and accounting income. Temporary and permanent differences that arise are discussed. The standard requires deferred tax assets and liabilities to be recognized for temporary differences between the tax base and carrying amount of assets and liabilities. Several examples are provided to illustrate calculating deferred tax balances. Presentation and disclosure requirements are also summarized.
FA II - Chapter 4; Part II, Leases.pptx bestKalkaye
This document outlines the key concepts and accounting treatments related to lease accounting. It discusses lease accounting from the perspectives of both the lessee and the lessor. For lessees, it describes how to classify and account for operating and capital leases. For lessors, it distinguishes between operating, direct financing, and sales-type leases. It also discusses special topics that can complicate lease accounting, such as residual values, bargain purchase options, and initial direct costs. The document uses illustrations and journal entries to demonstrate how to apply lease accounting standards.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
4. Scope
The Standard shall be applied in the recognition, measurement and
disclosure of investment property
This Standard does not apply to:
(a) biological assets related to agricultural activity and IAS 16 Property,
Plant and Equipment); and
(b) mineral rights and mineral reserves such as oil, natural gas and similar
non-regenerative resources.
5. Definitions
- IP:
property (land or a building—or part of a
building—or both) held (by the owner or by
the lessee under a finance lease) 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.
6. Continued
held (by the owner or by the
lessee under a finance lease)
for use in the production or
supply of goods or services or
for administrative purposes.
Owner-
occupied
property:-is
property :-
7. Continued
.
Impairment
Fair value
Carrying amount
is the amount at which an asset is recognized
after deducting any accumulated depreciation
and accumulated impairment losses.
is the price that would be received to sell an
asset or paid to transfer a liability in an orderly
transaction between market participants at the
measurement date.
is a fall in the value of an asset i.e
recoverable less than its carrying amount.
8. Classification Of Property As
Investment Property Or
Owner-occupied Property
examples of investment property:
(a) land held for long-term capital than for short-
term sale in the ordinary course of business.
(b) land held for a currently undetermined future use.
9. Continued
(c) a building owned by the entity (or held by the entity under a finance lease) and
leased out under one or more operating leases.
(d) a building that is vacant but is held to be leased out under one or more operating
leases.
(e) property that is being constructed or developed for future use as investment
property.
10. Continued
examples of items that are not investment property
(a) property intended for sale in the ordinary course of business or in the process of
construction or development for such sale (IAS 2),
(b) owner-occupied property (IAS 16),
(c) property that is leased to another entity under a finance lease.
11.
12. Recognition
(a) it is probable that the future
economic Benefits that are
associated with the investment
property will flow to the entity; and
(b) the cost of the
investment property can be
measured reliably.
Investment property
shall be recognized
as an Asset when,
and only when:
13. Measurement At Recognition
An investment property shall be measured at its
cost.
Transaction costs shall be included in the initial
measurement.
14. Elements of cost
.
• (a) its purchase price and;
• (b) Directly attributable expenditure for
example, professional fees for legal services,
property transfer taxes and other transaction
costs
The cost of a purchased investment Property comprises
15. Continued
• (a) start-up costs (unless they are necessary to bring the property to
the condition necessary for it to be capable of operating in the
manner intended by management
• (b) operating losses incurred before the Investment property
achieves the planned level of occupancy, or
• (c) abnormal amounts of wasted material, labour or other resources
incurred in constructing or developing the property.
The cost of an
investment property
is not increased by:
16. Measurement After
Recognition
Accounting policy
An entity shall choose either the fair value model or the cost model
Fair value model
After initial recognition, an entity that chooses the fair value model shall measure
all of its investment property at fair value
A gain or loss arising from a change in the fair value of investment property shall
be recognized in profit or loss for the period in which it arises
17. Continued
. .
.
.
If an entity has previously measured an
investment property at fair value, it shall
continue to measure the property at fair value
until disposal (or until the property becomes
owner-occupied property or the entity begins
to develop the property for subsequent sale in
the ordinary course of business) even if
comparable market transactions become less
frequent or market prices become less readily
available.
18. Continued
After initial recognition, an entity
that chooses the cost model shall
measure all of its investment
properties in accordance with IAS
16’s requirements for that model,
other than those that meet the
criteria of IFRS 5
.
Cost
model
19. Transfers
Transfers to, or from, investment property shall be made when, and only
when, there is a change in use, evidenced by:
(a) commencement of owner-occupation, for a Transfer from investment property to
owner occupied property;
(b) commencement of development with a view to sale, for a transfer from
investment Property to inventories;
20. Continued
(c) end of owner-occupation, for a transfer from owner occupied
property to investment property; or
(d) commencement of an operating lease to another party, for a
transfer from inventories to investment property.
21. Continued
.
For a transfer from investment property
carried at fair value to owner-occupied
property or inventories, the property’s
deemed cost for subsequent accounting in
accordance with IAS 16 or IAS 2 shall be its
fair value at the date of change in use.
.
22. Continued
.
If an owner-occupied property
becomes an investment property
that will be carried at fair value, an
entity shall apply IAS 16 up to the
date of change in use.
.
.
23. Continued
.
The entity shall treat any difference at that date between the carrying amount
of the property in accordance with IAS 16 and its fair value in the same way as
a revaluation in accordance with IAS16.
24. Continued
.
.
The entity shall treat any difference
at that date between the carrying
amount of the property in
accordance with IAS 16 and its fair
value in the same way as a
revaluation in accordance with
IAS16
.
26. Continued
.
• Compensation from third parties for investment property
that was impaired, lost or given up shall be recognized in
profit or loss when the compensation becomes receivable.
• .
.
27. Disclosure
An entity shall disclose:
(a) whether it applies the fair value model or the cost
model.
(b) the amounts recognized in profit or loss
28. Continued
(c) net gains or losses from fair value adjustments
(d) transfers to and from investment property
(e) the depreciation methods used
(f) the useful lives or the depreciation rates used
