...Timothy Eccles; Andrew Holt Purpose The unique characteristics of property are being recognised by those who create accounting standards. The purpose of this paper it to discuss the process by which standards are created and the opportunities for the involvement of property professionals, owners...

..., 2003 ; UKPS, 1.13). The earlier definition of EUV‐SH until 30 April 2003 was similar in effect and set out in Practice Statement (PS) 4.4.1.  EUV‐SH is: © Emerald Group Publishing Limited 2005 Rental value Housing Social welfare Accounting standards Scotland (g...

.... The difficulties in reconciling the various accounting regimes in force across the world have been addressed by the International Accounting Standards Committee (IASC). Formed in 1973 as an independent accounting standard setter, the IASC sought to compile a comprehensive, high quality set of internationally...

.... The treatment of owner‐occupied property differs with the IVSC no longer recognising EUV, which it holds to be contrary to the principles of fair value, as enshrined within International Accounting Standards. Yet, the basis is still recognised by TEGoVA, which also espouses fair value, whereas the RICS prefer...

... and implementation of accounting standards. Because of the lack of a codified conceptual framework, property assets were regarded identically to other assets. Equally, property managers attended to technical, infrastructural and legal aspects of managing properties. Examined in this paper, the development process...