IAS 40 was first issued in 2000. The standard requires an entity to determine whether property (land and buildings) should be classified as investment property, defined as property held to earn rentals or for capital appreciation (or both). If so, the entity then has a choice of whether to account for it using the cost model or the fair value model.
Read moreThe much publicised, and long awaited European Commission Action Plan on VAT has been released.
Read moreThe following is a summarised update on some of the main discussions or provisional decisions taken by the IFRS Interpretations Committee (IC) at its meeting on 22 March 2016.
Read moreContinuing our series on frontier and emerging markets, we focus here on Myanmar – the latest country to be listed as a frontier market.
Read moreThe European Business Awards and lead sponsor RSM have today announced the opening of the tenth European Business Awards; Europe’s largest business competition, showcasing Europe’s best.
Read moreThe following is a summarised update on the main provisional decisions taken by the IASB at its meeting on 16-17 February 2016.
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