1) A brief overview of the standard
2) Positive international critique with respect to the standard...

Question

1) A brief overview of the standard
2) Positive international critique with respect to the standard (perceived 
strength)
3)Negative international critique with respect to the standard (perceived 
weaknesses)
4) Practical Evidence supporting your findings (Maybe cited)
5) A summary of international recommendations as to how the standard can be 
improved.

Robert · Accepted Answer

Overview:      
      International Accounting Standard 40 relates to recognition, measurement and disclosure 
of investment property. This standard encompasses-property (land, building or part of 
building –or both) held by owner or in case of finance lease by lessee to earn rentals or 
      Capital appreciation or both rather than sale in course of ordinary business or supply/ 
      production of goods. Investment property is measured at cost initially including the 
transaction costs. Subsequently IAS 40 allows choosing from fair model or costing model 
      if the change leads to more appropriate presentation.

1) A brief overview of the standard 2) Positive international critique with respect to the standard (perceived strength) 3)Negative international critique with respect to the standard (perceived...

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