hkas40 investment property

hkas40 investment property - HKAS 40 ( December 2004...

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Unformatted text preview: HKAS 40 ( December 2004 October 2008 ) 1 Hong Kong Accounting Standard 40 Investment Property An entity shall apply amendments resulting from Improvements to HKFRSs issued in October 2008 for annual periods beginning on or after 1 January 2009 . HKAS 40 © Copyright 1A COPYRIGHT © Copyright 2008 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard contains International Accounting Standards Committee Foundation copyright material. Reproduction within Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and inquiries concerning reproduction and rights for commercial purposes within Hong Kong should be addressed to the Director, Operation and Finance, Hong Kong Institute of Certified Public Accountants, 37/F., Wu Chung House, 213 Queen's Road East, Wanchai, Hong Kong. All rights in this material outside of Hong Kong are reserved by International Accounting Standards Committee Foundation. Reproduction of Hong Kong Financial Reporting Standards outside of Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce for commercial purposes outside Hong Kong should be addressed to the International Accounting Standards Committee Foundation at www.iasb.org . HKAS 40 (December 2004 2007 ) © Copyright 2 Contents Hong Kong Accounting Standard 40 Investment Property paragraphs OBJECTIVE 1 SCOPE 2-4 DEFINITIONS 5-15 RECOGNITION 16-19 MEASUREMENT AT RECOGNITION 20-29 MEASUREMENT AFTER RECOGNITION 30-56 Accounting Policy 30-32 Fair Value Model 33-55 Inability to Determine Fair Value Reliably 53-55 Cost Model 56 TRANSFERS 57-65 DISPOSALS 66-73 DISCLOSURE 74-79 Fair Value Model and Cost Model 74-75 Fair Value Model 76-78 Cost Model 79 TRANSITIONAL PROVISIONS 80-84 Fair Value Model 80-82 Cost Model 83-84 EFFECTIVE DATE 85-85A WITHDRAWAL OF SSAP 13 86 APPENDIX: Amendments resulting from other HKFRSs Comparison with International Accounting Standards BASIS FOR CONCLUSIONS Hong Kong Accounting Standard 40 Investment Property (HKAS 40) is set out in paragraphs 1-86. All the paragraphs have equal authority. HKAS 40 shall be read in the context of its objective and the Basis for Conclusions, the Preface to Hong Kong Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Standards . HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance. HKAS 40 (December 2004) © Copyright 3 Hong Kong Accounting Standard 40 Investment Property Objective 1. The objective of this Standard is to prescribe the accounting treatment for investment property and related disclosure requirements....
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This note was uploaded on 10/20/2010 for the course AD abc123 taught by Professor Cat during the Summer '09 term at City University of Hong Kong.

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hkas40 investment property - HKAS 40 ( December 2004...

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