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IAS 40

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 40

Viewing 2 posts - 1 through 2 (of 2 total)
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  • March 3, 2016 at 12:08 pm #303237
    teeboyz
    Member
    • Topics: 19
    • Replies: 52
    • ☆☆

    Hello Mike/D2

    When the organisation is renting out the building to other people ( finance lease or operating lease) , the rental is not just cover the maintaining cost but making profit from rental …

    Is this considered under scope of IAS 40 ?

    Thanks

    March 4, 2016 at 9:39 am #303395
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7041
    • ☆☆☆☆☆

    Hi,

    Any rental income from a property is accounted for under IAS 17.

    Thanks

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