Scentre is the owner of a number of rental shopping centers around Australia. These shopping centers are classified as investment properties

1. Discuss the major accounting requirement of accounting for investment properties under these accounting standards and any issues that might arise with the application of these standards.

2. There have been a number of disruptions to retail stores in Australia (and globally) and these are not limited to COVID19. How is this likely to to manifest in the financial statements of Scentre and why?

Answer rating: 100% (QA)

Part1 Following on from our recent common error series on property plant and equipment we continue this month with common errors when accounting for investment property Ordinarily investment property ... View the full answer