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IAS 40Chapter 10Lesson 1

Disposals: derecognising and recognising the gain or loss

Step 1 of 7Learning objectives

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A property is derecognised on disposal or permanent withdrawal; the gain or loss is net proceeds less carrying amount, in profit or loss; consideration, replaced parts, retained liabilities and third-party compensation have their own rules.

40 minNot started

Learning objectives

  • Identify the derecognition cases and the date of disposal.
  • Calculate and account for the gain or loss on disposal under each model.
  • Deal with variable consideration and replaced parts.
  • Separate retained liabilities, third-party compensation and the replacement property.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IAS 40 — Investment Property

  1. 1 · Not startedPurpose, scope and exclusions0 / 1 lesson
  2. 2 · Not startedDefinition and examples of investment property0 / 1 lesson
  3. 3 · Not startedClassification: dual use, ancillary services, judgement0 / 1 lesson
  4. 4 · Not startedRecognition: criteria and subsequent costs0 / 1 lesson
  5. 5 · Not startedInitial measurement: the cost on entry0 / 1 lesson
  6. 6 · Not startedThe policy choice: fair value or cost0 / 1 lesson
  7. 7 · Not startedThe fair value model0 / 1 lesson
  8. 8 · Not startedThe cost model0 / 1 lesson
  9. 9 · Not startedTransfers and change in use0 / 1 lesson
  10. 10 · Not startedDisposals and derecognition0 / 1 lesson
  11. 11 · Not startedDisclosures0 / 1 lesson
  12. 12 · Not startedTransition and effective dates0 / 1 lesson
  13. 13 · Not startedBoundaries with other standards0 / 1 lesson