ACCOUNTING OF RECLASSIFICATION THE INVESTMENT PROPERTY

Abstract

This article describes the peculiarities and differences of initial and fair value valuation of investment real estate, cases of transfer or exclusion of investment real estate used for personal needs. The article also considers changes in the structure of investment real estate, changes in its use and its impact on profits and losses.The processes of transfer of real estate from reserves to investment real estate and transfer of investment real estate to other types of property are presented in the accounting accounts, practical examples of enterprises developing their basic accounting documents. In addition, the article describes the procedure for accounting the difference between the balance value and the fair value of investment real estate used for personal needs. The procedures for opening and applying these accounting procedures are presented in accordance with international accounting standards