IAS 40Chapter 1Lesson 1
IAS 40: purpose, scope and exclusions
Step 1 of 6Learning objectives
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IAS 40 deals with property held for rentals or capital appreciation; this first lesson places the standard, its scope and its exclusions.
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Learning objectives
- Explain the purpose of IAS 40.
- Identify what the scope of the standard covers.
- Distinguish the items excluded from the scope.