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    TAS 40 outlines the accounting treatment for investment properties. It allows entities to account for investment properties using either the fair value model or the cost model. Under the fair value model, changes in fair values are recognized in profit or loss. Under the cost model, the investment property is accounted for using the cost model in IAS 16 Property, Plant and Equipment. The standard also provides guidance on transfers between the two models and from investment properties to property, plant and equipment.

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    TAS 40 outlines the accounting treatment for investment properties. It allows entities to account for investment properties using either the fair value model or the cost model. Under the fair value model, changes in fair values are recognized in profit or loss. Under the cost model, the investment property is accounted for using the cost model in IAS 16 Property, Plant and Equipment. The standard also provides guidance on transfers between the two models and from investment properties to property, plant and equipment.

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    5 views2 pages

    Null 14

    Uploaded by

    karunya vadigoppula
    TAS 40 outlines the accounting treatment for investment properties. It allows entities to account for investment properties using either the fair value model or the cost model. Under the fair value model, changes in fair values are recognized in profit or loss. Under the cost model, the investment property is accounted for using the cost model in IAS 16 Property, Plant and Equipment. The standard also provides guidance on transfers between the two models and from investment properties to property, plant and equipment.

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    of 2

    TAS 40: INvéSTMENT PROPERTIES (TP)

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    Contiusto e depni ualnd

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