UK GAAP - Investment Properties

Section 16 details the criteria for properties that qualify as investment property, how these are recognised in the financial statements and their ongoing measurement. It deals with classification, acquisition, transfers of property, disposals, and the required disclosures.

After completing this module, you will be able to:

• apply the classification criteria to identify an investment property.
• apply the recognition criteria to determine when to recognise an investment property as an asset.
• determine the initial and subsequent measurement of investment property.
• recognise how to transfer an asset into and out of investment property.
• identify when a property ceases to be an investment property and the required treatment.
• determine the appropriate required disclosures.

This module is part of the UK GAAP Library or can be booked as an individual course. To book the full library click here.