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New DTT guide to transition to IFRS – property companies

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19 Feb 2003

European companies with investments in real estate will be particularly affected by the transition to IAS 40, Investment Property, because (a) the fair value accounting model, with value changes to P&L, is different from what most companies do today, (b) the methodology for measuring fair value differs from current practice, and (c) the definition of investment property in IAS 40 is broader than the traditional definition.

This new guide from Deloitte & Touche's UK practice (published February 2003) contains guidance for property companies on the areas they need to consider when planning to implement the IAS 40. While focused on the transition from UK GAAP to IFRS, the issues identified in this guide are equally applicable to companies in other EU countries as they make their plans for the transition. Click to (PDF 242k).

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