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IFRS AT A GLANCE IAS 40 Investment Property As at 1 July 2014 IAS 40 Investment Property Effective Date Periods beginning on or after 1 January 2005 CLASSIFICATION Property held under an operating
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IAS 40 is International Accounting Standard 40 which relates to Investment Property. It provides guidelines on the accounting treatment of investment properties, including recognition, measurement, and disclosure requirements.
Entities engaged in activities involving investment properties are required to file IAS 40 BDO.
To fill out IAS 40 BDO, entities need to adhere to the guidelines provided in the standard which include proper recognition, measurement, and disclosure of investment properties in their financial statements.
The purpose of IAS 40 BDO is to ensure uniformity and transparency in the accounting treatment of investment properties across different entities, enabling stakeholders to make informed decisions.
IAS 40 BDO requires entities to report information related to the recognition, measurement, and disclosure of investment properties in their financial statements, including fair value, rental income, and depreciation.
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