n Professional Accountant - Investment properties - what you need to know : accounting standards

Volume 2012, Issue 2
  • ISSN : 1680-7537


It is often assumed, and incorrectly so, that investment property appears only in the financial statements of property investment entities. However, many entities whose primary business is not that of a property investment entity, such as manufacturers or retailers, also hold property for rental to others and for capital appreciation. The objective of financial statements is to report on the economic substances of transactions and events, thus an entity does not have an accounting policy choice but, rather, the accounting for investment property is driven by circumstances.

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