DipIFR Syllabus B. Elements of financial statements - Leases - Measurement Exemptions - Notes ^{6 / 10}

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