Investment Properties – Measurement and Reclassification in Light of Accounting Law
Keywords:
investment properties, classification of investment properties, properties measurement, reclassification of propertiesAbstract
The definition of investments found in Polish accounting law constitutes the basis for identifying and classifying investment assets in a business unit. According to the definition in accounting, the subject of investment could be both financial and non-financial assets. The topic of the following paper are properties as tangible investments. The main aim of the paper is to outline the problem of identifying, classifying and reclassifying investment properties. It is a very important issue from the diligence point of view when considering the asset-financial situation and the financial result of a given business unit. An
incorrect classification of properties can have a significant impact on the quality of financial statements.
References
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