ACCA FR Syllabus B. Accounting For Transactions In Financial Statements - Leases - Measurement Exemptions - Notes 5 / 6
Measurement Exemptions
Exemption 1: Investment Property
(if it uses the FV model in IAS 40)
Measure the property each year at Fair Value
Exemption 2 - PPE
(if revaluation model is used)
Use revalued amount for asset
Exemption 3: Portfolio Approach
(Portfolio of leases with SIMILAR characteristics)
Use same treatment for all leases in the portfolio