Common Errors – Investment Property
Overview
Understand and avoid the hidden pitfalls of IAS 40/AASB 140 Investment Property: uncover the most common investment property accounting errors before they become audit findings or financial reporting issues
Investment properties can be a surprisingly challenging area of financial reporting, and even small mistakes can have a significant impact on an entity’s results. In this session we will explore the most common accounting errors made in applying IAS 40 Investment Property and, more importantly, how to avoid them. Through practical examples and real-world scenarios, we’ll break down complex requirements into straightforward concepts, helping you build confidence and clarity in this area of reporting.
Whether you’re involved in preparing, reviewing or overseeing financial statements, this session will provide valuable insights you can apply immediately. We’ll cover common pitfalls such as identifying what qualifies as an investment property, accounting for property transfers, measuring fair value, and navigating disclosures. This session is designed for finance professionals of all experience levels who want to strengthen their understanding, reduce risk, and ensure their reporting stands up to scrutiny.
Learning Outcomes:
This session aims to provide attendees with the ability to:
- Identify the key differences between investment properties and other assets, particularly property and plant
- Understand the key accounting requirements applicable to investment property under IAS 40/AASB 140
- Identify the key assumptions and judgements relevant to accounting for intangible assets under IAS 40/AASB 140
- Identify the common interpretation and application errors in applying IAS 40/AASB 140, and
- Understand the broad implications of misapplying the requirements in IAS 40/AASB 140.
Suited to:
Auditors, CEOs, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Common Errors – Investment PropertyVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Dean ArdernBDO Australia
is an Advisory Partner in IFRS and Corporate Reporting at BDO in Melbourne. Dean has over 20 years of experience advising on the interpretation and application of IFRS, Australian Accounting Standards and other financial reporting requirements.
Dean enjoys bringing this experience to bear on complex accounting and reporting issues to identify practical and compliant solutions for clients in both the for-profit and not-for-profit sectors. To achieve this, Dean works at building constructive relationships with clients with the view to providing responsive, accurate and outcome-focused technical advice and guidance.