Investment real estate refers to real estate held to earn rent or capital appreciation or both.
Investment real estate should be able to be measured and sold separately.
I. This course accounts for the value of investment real estate, including investment real estate measured by cost model and investment real estate measured by fair value model.
Two, enterprises should be accounted for in accordance with the types and projects of investment real estate. Investment real estate measured by cost model is measured in the subjects of "investment real estate", "accumulated depreciation (amortization) of investment real estate" and "provision for impairment of investment real estate"; Investment real estate measured by fair value model is measured in the subjects of "cost" and "change of fair value".
Three, the main accounting treatment of investment real estate
(a) the investment real estate measured by the cost model shall be accounted for according to the fixed assets or intangible assets.
(two) the main accounting treatment of investment real estate measured by fair value model.
1. The investment real estate acquired by the enterprise through outsourcing or self-construction shall be debited to the subject (cost) according to the cost determined by the investment real estate standard, and credited to the subjects such as "bank deposit" and "construction in progress".
2. If the real estate as inventory is converted into investment real estate measured by the fair value model, the account (cost) shall be debited according to the fair value of the real estate on the conversion date, and the account of "inventory depreciation reserve" shall be credited to the account of "inventory goods" according to its book balance, and the account of "capital reserve-other capital reserve" or "non-operating expenditure" shall be debited according to the difference.
When converting self-occupied land use rights or buildings into investment real estate measured by fair value model, the subjects (cost) should be debited according to the fair value of land use rights or buildings on the conversion date, and the subjects of "accumulated amortization" and "accumulated depreciation" should be debited according to the accumulated amortization or accumulated depreciation that should be accrued. If provision for impairment has been made, the subjects of "provision for impairment of intangible assets" and "provision for impairment of fixed assets" shall be debited according to the book balance.
3. When the investment real estate is improved or updated, the account of "construction in progress" shall be debited according to the book balance of the investment real estate, the account (cost) shall be credited according to the cost of the investment real estate, and the account (change in fair value) shall be credited or debited according to the change in fair value of the investment real estate.
4. On the balance sheet date, the difference between the fair value of investment real estate and its book balance shall be debited to this account (change in fair value) and credited to the account of "profit and loss from change in fair value"; If the fair value is lower than its book balance, make the opposite accounting entry.
5. When converting the investment real estate measured by the fair value model into personal use, the subjects of "fixed assets" and "intangible assets" shall be debited according to the fair value of the investment real estate on the conversion date, the subjects of "gains and losses from changes in fair value" shall be credited according to the cost of the investment real estate, and the subjects of "gains and losses from changes in fair value" shall be credited or debited according to the difference.
6. When selling investment real estate, you should debit "bank deposit" and other subjects according to the actual amount received, credit the subject (cost) according to the cost of investment real estate, credit or debit the subject according to the change of fair value of investment real estate, and credit or debit the subject of "investment income" according to the difference. At the same time, according to the changes in the fair value of investment real estate, debit or credit the "gains and losses from changes in fair value" account and credit or debit the "investment income" account.
Four, the final debit balance of this course, reflecting the value of enterprise investment real estate. Zhengwen investment real estate
Investment scope real estate
According to the investment real estate standard, the scope of investment real estate is limited to the leased land use right, the land use right held and ready to be transferred after appreciation, and the rented buildings.
change
Thirteenth enterprises have conclusive evidence to prove that the use of investment real estate has changed and meets one of the following conditions, it shall convert investment real estate into other assets or convert other assets into investment real estate:
(a) investment real estate began to use.
(two) as inventory real estate, to rent for sale.
(three) to stop the use of land for personal use, for individuals to earn rent or capital appreciation.
(four) the self-use buildings that have been stopped and rented out.
Article 14 Under the cost model, the book value of real estate before conversion should be regarded as the recorded value after conversion.
Article 15 When an investment real estate measured by the fair value model is converted into a self-use real estate, the fair value on the conversion date is taken as the book value of the self-use real estate, and the difference between the fair value and the original book value is included in the current profit and loss.
Article 16 When owner-occupied real estate or inventory is converted into investment real estate measured by the fair value model, the investment real estate shall be priced according to the fair value on the conversion date. If the fair value on the conversion date is lower than the original book value, the difference shall be included in the current profit and loss; If the fair value on the conversion date is greater than the original book value, the difference shall be included in the owner's equity.
Chapter V Disposal
Article 17 When an investment real estate is disposed of or permanently withdrawn from use, and it is not expected that economic benefits will be obtained from the disposal, the recognition of the investment real estate shall be terminated.
Article 18 When an enterprise sells, transfers, discards or damages investment real estate, it shall include the amount of the disposal income after deducting its book value and relevant taxes and fees into the current profits and losses.
Chapter VI Disclosure
Article 19 An enterprise shall disclose the following information related to investment real estate in its notes:
(1) Types, amounts and measurement methods of investment real estate.
(2) For the depreciation or amortization of investment real estate, the cost model shall be adopted to make provision for impairment.
(3) Where the fair value model is adopted, the basis and method for determining the fair value, and the impact of changes in the fair value on the profit and loss.
(four) the way and reason of real estate conversion, and the impact on profits and losses or owners' equity.
(5) Investment real estate disposed in the current period and its impact on profit and loss.