Land Securities Group

arrive Securities Group work Securities Group was an enthronisation post tighten located in the United Kingdom, which invested in place to rejoin rental income and/or long-term capital appreciation. The union was applying municipal monetary reporting requirements of U.K. accountancy standards before the European military commission required that all publicly traded companies on European exchanges to uptake International Financial Reporting Standards (IFRS) as basis for presenting their pecuniary statements beginning January 1, 2005. This change would definitely has coarse effects on the reporting issues of bring Securities’ financial statements, and raises financial analysis challenges. In this paper, I take a count on at the impacts of the word sense of IFRS, compare different history models used for reporting enthronisation properties, and give my recommendations to the management of priming coat Securities for the better choice of the accounting m odel. As one of the largest enthronisation property companies in the world, Land Securities was engaging in devil major businesses: freehold investing properties, which make up approximately 75% of its enthronization properties, and rest, long chartered investment properties.

Land Securities’ firsthand operations are investment properties of offices and retail, made up of 42% and 50% of the value of its investment properties respectively. Prior to adoption of IFRS, Land Securities was applying the domestic financial reporting requirements of U.K. accounting standards, which required that investment properties be repor t employ the revaluation model. Under this ! model, Land Securities did not depreciate its investment properties, but revalued each social class and listed on the repose planer at “open mart value”, with any changes in the value recorded to a revaluation reserve on the equity section of the balance sheet. In this way, Land Securities reported its investment properties to be & stupefy;7,824 million at troop 31, 2003,...If you want to get a full essay, order it on our website: BestEssayCheap.com

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