This Standard should be applied in accounting for investment property
This Standard should be applied in accounting for investment property, unless otherwise provided for under other VASs concerning an accounting method therefor.
03. This standard also prescribes determination and recognition of investment property disclosed in the financial statements of a lessee under a finance lease and calculation of investment property for lease presented in the financial statements of a lessor under operating lease.
This Standard does not deal with matters covered in VAS 06, Leases, including:
(a) classification of leases as finance leases or operating leases;
(b) recognition of lease income earned on investment property (see also VAS 14, Revenue and Other Income);
(c) measurement in a lessee’s financial statements of property held under an operating lease;
(d) measurement in a lessor’s financial statements of property leased out under a finance lease;
(e) accounting for sale and leaseback transactions; and
(f) disclosure about finance leases and operating leases.
04. This Standard does not apply to:
(a) biological assets attached to land related to agricultural activity; and
(b) mineral rights, the exploration for and extraction of minerals, oil, natural gas and similar non-regenerative resources.
05. The following terms are used in this Standard with the meanings specified:
Investment property is property being land-use rights or a building – or part of a building – or both, infrastructure held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both, rather than for:
(a) use in the production or supply of goods or services or for administrative purposes; or
(b) sale in the ordinary course of business.
Tin liên quan
The power to appoint border checkpoints for export and import
The export tariff-rate quota and import tariff-rate quota
The export restriction and import restriction
The list of prohibited exports and imports is made by the Government.
Prohibited actions in the foreign trade management
The Ministry of Finance shall take charge and cooperate with relevant authorities
Responsibility for the state administration related to the foreign trade.
Principles of state administration related to the foreign trade
Reporting Interests in Joint Ventures in the Financial Statements of an Investor
Separate Financial Statements of a Venturer