Learning outcomes

What will you learn?

The objective, scope, and key definitions of IAS 40 and how they apply to investment property.

How to classify property as investment property versus owner-occupied property or inventory.

Recognition criteria, initial measurement, and subsequent measurement using the cost and fair value models.

Procedures for transfers, disposals, and derecognition of investment properties.

Disclosure requirements and best practices to ensure transparency and compliance with IFRS.

Practical examples and case studies illustrating real-world application of IAS 40.

Participants

Who is this course designed for?

Accountants and finance professionals aiming to enhance their knowledge of IFRS standards.

Auditors and consultants involved in property valuation, classification, and financial reporting.

Financial controllers, CFOs, and business owners managing investment properties within multinational or local contexts.

Students or professionals preparing for accounting certifications or advancing their career in financial reporting.

Pre-requisites

Necessary Qualifications

A background in accounting, finance, or business administration.

Basic knowledge of financial statements and IFRS principles.

Prior experience in financial reporting or auditing is helpful but not required.

Course Content

What will you study?

Overview, objective, and scope of IAS 40.

Definitions: investment property, fair value, cost, and related terms.

Recognition and initial measurement of investment properties.

Measurement after recognition: cost model and fair value model.

Transfers between property categories and derecognition.

Disclosure requirements and fair value considerations.

Amendments, updates, and practical insights for applying IAS 40 effectively.