Accounting for investment properties in the UK: problems of definition and implementation

This paper is concerned with accounting for investment properties within the UK. It examines the current requirements for reporting investment properties. The authors then explain the concerns that existing practice cause for accountants within their traditional conceptual framework on understanding the nature of assets. This disquiet emanates from the use of open market value and reference is made to the concerns it engenders. The paper concludes with an analysis of the concerns that those dealing with investment properties should remain vigilant over, both within domestic consultations and forthcoming European and international developments. Copyright © 2001 Henry Stewart Publications