115 paragraphs found in AASB 140
The objective of this Standard is to prescribe the accounting treatment for investment property and related disclosure requirements. …
AusCF entities are: (a) not-for-profit entities; and (b) for-profit entities that are not applying the Conceptual Framework for Financial Reporting (as identified in AASB 1048 Interpretation of Standards ). For AusCF entities, the term ‘reporting …
This Standard shall be applied in the recognition, measurement and disclosure of investment property. …
This Standard does not apply to: (a) biological assets related to agricultural activity (see AASB 141 Agriculture and AASB 116 Property, Plant and Equipment ); and (b) mineral rights and mineral reserves such as oil, natural gas …
The following terms are used in this Standard with the meanings specified: …
Carrying amount is the amount at which an asset is recognised in the statement of financial position. …
Cost is the amount of cash or cash equivalents paid or the fair value of other consideration given to acquire an asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when initially recognised in …
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 Fair Value Measurement …
Investment property is property (land or a building—or part of a building—or both) held (by the owner or by the lessee as a right-of-use asset) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of …