Dear all,
This is my first participation in this forum. i have a question regarding the land as an operating lease.
We have a leased land used for a project. Currently the lease rent is being capitalised as land costs- Property Under Development, on the basis that this costs incurred to bring the assets into operations.
My questions are:
1- Can the above treatment considered correct in anyway?
2- We want to transfer the land and building from PUD to Investment Property- what options do we have?
3- Are there any conditions to have the compination …

Dear Experts,
Could you please give your feedback on IAS-17
A company owns buildings under PPE and renting our applies IAS -17.
Whether car park leasing will also to be accounted as per IAS-17 or as other income. If yes, then what if there are more than 1000 tenants with an amount of 1000 p.a.
Whehter temporary open space rent also covered in IAS-17. If yes, then whether amortization is required or direct in one month.
Whether Space rented out for ATM also covered in IAS 17. If yes, then whether amortization is required or …