Questão 1
Questão
What is an investment property?
Responda
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Een gebouw of grond die gehouden wordt om huuropbrengsten te verkrijgen of waarde te creëren.
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Zonder de intentie te hebben om te verkopen of in productie te zetten.
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intentie te hebben om te verkopen of in productie te zetten.
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Toekomstige voordelen zullen naar de onderneming toevloeien
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Kosten vastgoed kan betrouwbaar ingeschat worden
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To earn rentals
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for capital appreciation
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rather than for use in the production or supply of goods or services or for administrative purposes or sale in the ordinary course of business
Questão 2
Questão
Welke criteria moet een vastgoed voldoen om te kunnen verwerken in de jaarrekening?
Responda
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Toekomstige voordelen zullen naar de onderneming toevloeien.
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Kosten vastgoed kan betrouwbaar ingeschat worden
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Activeren en afschrijven tegen de historische kostprijs. Jaarlijks dient een impairment uitgevoerd te worden
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Als eerste verwerkt tegen de historische kostprijs en verwerking na de eerste werking tegen fair value. Verandering in de fair value dient verwerkt te worden in een herwaarderingsreserve.
Questão 3
Questão
Benoem de drie verwerkingsmethoden en leg uit wat het inhoudt?
Responda
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Costmodel: Activeren en afschrijven tegen de historische kostprijs. Jaarlijks dient een impairment uitgevoerd te worden
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Herwaarderingsmethode: Als eerste verwerkt tegen de historische kostprijs en verwerking na de eerste werking tegen fair value. Verandering in de fair value dient verwerkt te worden in een herwaarderingsreserve.
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fair value methode: Gelijk aan costmodel. Verandering in de fair value dient direct via de winst en verlies verwerkt te worden.
Questão 4
Questão
Fair value is recorded in BS, no depreciation.
Questão 5
Questão
Revaluation reserve in Liability and Equity Sector (BS) and income statement
Questão 6
Questão
Revaluation model: Increase in fair value is recorded in Income Statement.
Questão 7
Questão
When is reliability of the cost model increased?
Responda
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The cost model helps to better match cost and revenues in the income
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Fair value is still disclosed in the footnotes
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After the acquisition, deprecation is a possible source of error
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At the acquisition (arms-length transaction)
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The cost model creats a mix of historical costs and are on the balance sheet
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The net income is steadier and more predictable
Questão 8
Questão
When is relevance of the cost model increased?
Responda
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The cost model helps to better match cost and revenues in the income statement
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Fair value is still diclosed in the footnotes
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The value of the property will be the same as the fair value when it's worth less than is impaired for
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The cost model creates a mix of historical costs
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The historical costs are on the balance sheet
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The cost model still has depreciation on the income statement when the value of the properties are rising
Questão 9
Questão
When is relevance of the cost model low?
Responda
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The cost model creates a mix of historical costs
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The historical costs are on the balance sheet
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The cost model still has depreciation on the P&L when the value is rising.
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The cost model helps to better match cost and revenues
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Fair value still disclosed in the footnotes
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the value will be the same as the fair value when its worth less than is impaired for
Questão 10
Questão
When is relevance of the fair value model high?
Responda
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Creates a more representative balance sheet
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Decrease show bad news in earnings
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Investors are interested
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The complexeity and unique characteristics.
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Does not recognize synergies/relations between properties
Questão 11
Questão
When is reliability of the fair value model high?
Responda
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The property market is developed
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Experience wih fair value
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Unique characteristics which makes them hard to value
Questão 12
Questão
Measurement at cost is verifiable
Questão 13
Questão
Cost model is overstated
Questão 14
Questão
Fair value model have forward-looking
Questão 15
Questão
Fair value model have indication of historical performance of the entity
Questão 16
Questão
Recognation of [blank_start]unrealized[blank_end] gains/losses in the profit or [blank_start]loss[blank_end]
Questão 17
Questão
FASB = A private, non-profit organization [blank_start]standardsetting body[blank_end] whose primary purpose to [blank_start]establish and improve[blank_end] Generally Accepted Acccounting Principles within the United States in the public’s interest.
Responda
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standardsetting body
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establish and improve
Questão 18
Questão
Should FASB allow fair value model?
Responda
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Door Harmonization of accounting standards bereiken ze Wang (2014): better comparability of financial statements across countries.
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Naar onze mening zou de FASB de fair value model moeten toestaan om zodoende de verschillen tussen US en IFRS weg te nemen. Het Fair value model zorgt ervoor dat er relevante en betrouwbare (afhankelijk van de markt) informatie aan de gebruikers wordt verstrekt. Indien investeerders beslissingen willen maken op basis van de jaarrekening hebben zij er ook profijt van als er jaarrekeningen onderling vergeleken kunnen worden. Indien US GAAP en IFRS niet dezelfde waarderingsgrondslagen hebben zal een vergelijking tussen bedrijven niet mogelijk zijn.
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Conservative tendency of FASB maakt het lastiger.
Questão 19
Questão
Which model, cost or fair value, would you recommend Land Securities adopt? Why?
Responda
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Cost Model: Cost model overrules the Fair value model and therefore we recommend LS to adopt the Cost model, because it suits the investment company better
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fair value model: Economic value presented on balance sheet, Show results of investment,
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Good investment = reflected in income statement
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Valuation is relevant / but might be biased