Scope of the standard

Learning objectives

• Identify the scope of the Standard (recognition, measurement and disclosure of investment property).L1, L2

Normative references

• IAS 40 §2Scope: the Standard applies to the recognition, measurement and disclosure of investment property.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• IAS 40 deals only with the measurement of investment property; its recognition and the related disclosures fall under other Standards.L1