FASB moves on its decision on investment properties

BVWireIssue #94-3
July 28, 2010

At its last meeting on July 14th,FASB tentatively decided to publish a proposed Accounting Standard Update requiring an investment property (as defined in IAS 40) to be measured at fair value.  This project will also consider how the fair value of a leased investment property should be handled. The Board acknowledges that the decision does not fully converge with international financial reporting standards, which permit but do not require investment properties to be measured at fair value.  For more information click here.
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