IAS 40Chapter 13Lesson 1
At the boundaries: IAS 16, IFRS 13, IAS 36, IAS 12, IFRS 16, IAS 2 and IFRS 15
Step 1 of 5Learning objectives
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IAS 40 relies on IAS 16 (cost model), IFRS 13 (fair value), IAS 36 (impairment under cost), IAS 12 (deferred tax), IFRS 16 (right-of-use asset), IAS 2 (inventory) and IFRS 15 (disposal date).
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Learning objectives
- Say which standard answers each boundary question.
- Distinguish the IAS 40 cost model (IAS 16) from fair value (IFRS 13).
- Calculate deferred tax on a fair value increase.
- Place the right-of-use asset held as investment property.