IAS 40

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March 3, 2016 at 12:08 pm #303237
teeboyz
Member
- Topics: 19
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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: 7235
Hi,

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

Thanks
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