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ACCA F7 lectures Download F7 notes
May 23, 2014 at 8:10 am
Briefly explain to me how the treatment of of investment property carried under the fair value model differs from an owner occupied property carried under revaluation model
October 27, 2015 at 11:00 pm
Investment property under IAS 40
1.) No depreciation of asset
2.) Any revaluation goes to SP or L (not OCI)
3.) Recognised at fair value
Owner Property at fair value is treated using IAS16:
1.) Revalued each year
2.) Depreciation is charged using straight line or reducing balance
3.)Revaluation goes to OCI
April 2, 2014 at 4:01 pm
haaai sir, it will be my second attempt this time and the only problem i am having is in standard questions which kinda makes hardship for me while solving them.
so any effective way to have a grip on standard and its questions please.
awaiting for your kind suggestion,
January 4, 2014 at 8:29 am
sir,….in your notes for june 2014 exam of this chapter on page 141,…for the ..start of operating lease is (investment property – inventory) but in the video here is (inventory-investment property)…?? ..why is it different?
January 4, 2014 at 5:49 pm
I do not have the notes with me in Southern Greece. Give me the context and the full double entries with debits and credits, please
January 5, 2014 at 7:07 am
assets should be transferred into or out of investment property when there is a change in use, for example:
• owner occupation (investment property -TNCA)
• development with a view to sell (investment property- inventory)
• end of owner occupation (TNCA- investment property)
• start of operating lease (investment property- inventory)
• end of construction or development (assets in the course of construction investment property)
on page 141 of June 2014 exam notes……
January 5, 2014 at 3:17 pm
Hmmm – if it WAS in investment property and has now been leased out under an operating lease then, yes, it should come out of investment property and be shown as a separate asset. The correct adjustment is to take it out of investment property and add it into inventory – so it looks like the lecture is correct
October 9, 2014 at 6:37 pm
A property that is leased to a third party under a finance lease is not within the definition of IAS 40.However A property that is leased out to a third party is within the scope of investment property . Pls correct me if I am wrong.
October 9, 2014 at 6:40 pm
A property that is leased to a third party under a finance lease is not within the definition of IAS 40.However A property that is leased out under operating lease to a third party is within the scope of investment property . Pls correct me if I am wrong.
October 9, 2014 at 7:35 pm
That seems ok to me!
May 21, 2013 at 9:44 am
suppose ppe is being converted to investment property. the cost of the ppe was 12,000 but the carrying value is now 8,000. the fair value of the asset is now 13,000. can u pls help me with the double entry.
May 21, 2013 at 10:44 am
Is there a problem with Dr Investment Property 5,000 and Cr Statement of Comprehensive Income / Revaluation Reserve 5,000?
February 27, 2013 at 12:04 pm
it is very hard and impossible to view lectures
October 1, 2012 at 10:40 pm
I cannor view the lectures.
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