IAS 40 — Investment Property
Modules of the standard
- Concepts61 publishedNormative and pedagogical mapping.
- Questions135 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases6 publishedProgressive cases, from beginner to expert.
- Workpapers5 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)13 publishedLesson explanations, chapter by chapter.
Practical cases
- Five situations: investment property, owner-occupied property or inventoryL1Beginner
- Acquisition of a building: initial cost, excluded costs and deferred paymentL2Intermediate
- Mixed-use building and services to occupants: classification judgementL3Advanced
- Fair value portfolio: change in profit or loss and annual reconciliationL3Advanced
- Change in use: transfers from an owner-occupied property and from inventoryL3Advanced
- Cost model and disposal: depreciation, carrying amount and gain or loss on disposalL4Expert
- File of an investment property portfolio: classification, measurement, transfers and disclosuresL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Purpose, scope and exclusions
- Purpose of the standardImportant1 question
- Scope of the standardImportant1 question
- Scope exclusionsImportant1 question
Definition and examples of investment property
- Investment propertyCore2 questions
- The defined termsCore2 questions
- Examples of investment propertyCore2 questions
- Examples of items that are not investment propertyCore2 questions
Classification: dual use, ancillary services, judgement
- Dual-use property: separate sale or leaseCore3 questions
- Dual-use property: the insignificant owner-occupied portionCore3 questions
- Ancillary services provided to occupantsCore3 questions
- Judgement on the significance of servicesCore2 questions
- Classification criteria to define and discloseCore2 questions
- Property leased within the groupAdvanced1 question
Recognition: criteria and subsequent costs
- Recognition criteriaCore2 questions
- Subsequent costsCore2 questions
Initial measurement: the cost on entry
- Cost at initial recognitionCore3 questions
- Transaction costsCore3 questions
- Costs excluded from the initial costCore3 questions
- Deferred paymentCore3 questions
- Property held under a leaseCore3 questions
- Acquisition by exchange of assetsCore4 questions
The policy choice: fair value or cost
- The choice of model: fair value or costImportant1 question
- Change in accounting policyImportant1 question
- Investments backing linked liabilitiesAdvanced1 question
The fair value model
- Measurement at fair valueCore3 questions
- Fair value changes in profit or lossCore3 questions
- The fair value of investment propertyCore2 questions
- The link with IFRS 13Core2 questions
- Leases in the valuationCore3 questions
- Avoiding double countingCore3 questions
- Fair value not reliably determinableCore3 questions
The cost model
- The IAS 16 cost modelCore3 questions
- Cost model and held-for-sale propertyCore2 questions
- Cost model and right-of-use assetsCore2 questions
Transfers and change in use
- A transfer requires a change in useCore4 questions
- Evidence of the change, not intentCore3 questions
- Transfers under the cost modelCore3 questions
- From owner-occupied to investment propertyCore4 questions
- From inventory to investment propertyCore4 questions
- From investment property to owner-occupiedCore4 questions
- From investment property to inventoryCore4 questions
Disposals and derecognition
- DerecognitionCore3 questions
- The date of disposalCore2 questions
- Replaced partsCore1 question
- Gain or loss on disposalCore5 questions
- Consideration on disposalCore3 questions
- Liabilities retained after disposalCore2 questions
- Compensation from third partiesCore3 questions
Disclosures
- Additional disclosures for leasesImportant1 question
- Model adopted and classification criteriaImportant1 question
- Reconciliation under the fair value modelImportant1 question
- Disclosures under the cost modelImportant1 question
Transition and effective dates
- General transitional provisionsAdvancedNo question
- The 2016 amendment on transfersAdvanced1 question
- Effective datesAdvanced1 question
Boundaries with other standards
- Interaction with IAS 16Important1 question
- Interaction with IFRS 13Important1 question
- Interaction with IAS 36Advanced1 question
- Interaction with IAS 12Advanced1 question
- Interaction with IFRS 16Advanced2 questions
- Interaction with IAS 2, IAS 16 and IFRS 15Important1 question