La contabilización de inmuebles según las normas internacionales de información financiera: especial referencia al arrendamiento financiero

In our report we focus on the accounting treatment of the properties (lands and/or buildings) concentrating our attention on the essential differences between the Spanish normative and the model that the IASB proposes, in respect to classification, conditions for their recognition and their value, with special attention to the properties interest held under a finance lease. The accounting model for properties proposed by IASB is included in several IAS issued by this Organization, especially in IAS/IFRS 16 "Properties, plant and equipment", in IAS/IFRS 40 "Investment property" and also in IAS/IFRS 2 "Inventories". In the valuation model proposed by IASB, the enterprise is allowed to value investment properties either through the fair value model or through the cost model. This introduces an accounting model based on fair value outside the framework of financial assets, focusing the discussion mainly on the establishment of this value.