2012Deloitte的猛料.ppt

Under very rare circumstances, regarding the enterprises that the adopt fair value model for the subsequent measurement of investment properties, if there is any evidence showing that the fair value cannot be continuingly and reliably gained when an investment property that is not under construction is first obtained (or an existing investment property first becomes an investment property after the completion or development activities, or the purpose is changed), the investment property should be measured by cost model until settlement, assuming no remaining value. Comparison with IFRS IAS 40 allows an entity to choose either the fair value model or the cost model for subsequent measurement of an investment property and requires that an entity will have to apply the model to all of its investment properties once the measurement model is decided including an investment property under construction. CAS 3 requires that the fair value model shall be adopted only when the investment property has active transactions and the fair value of investment property can be regarded to be continuingly and reliably gained. Regarding investment properties that are measured under the cost model, the subsequent measurement should be conducted by cost- accumulated depreciation/amortisation- depreciation reserves model. If the value of investment properties that have already made depreciation reserves provision is recovered, the depreciation reserves cannot be reversed. Comparison with the old standard/system The Accounting Standard for Business Enterprise No.8 – Impairments of Assets (CAS 8) does not allow reversal of an asset impairment provision in any subsequent period. But the old standard/ system allows recovery, within the scope of impairment provision, of the value of fixed or intangible assets with impairment provision. Comparison with IFRS According to International Accounting Standard No. 36 Impairment of Assets (IAS 36), an impairment loss recognised in prior periods for an i