publication . Preprint . 2005

Practical Issues in the Valuation of Real Properties with Special Reference to Income Approach and Financial Reporting Purpose

Veronika Ilsjan; Kaia Kask;
Open Access
  • Published: 01 Jan 2005
Abstract
During the past few years there have been many changes in financial reporting rules in EU countries. One significant change from the real estate point of view has taken place in balance sheet, where property investment account is switched to the asset side of the balance sheet, separate from the property, plant and equipment. Since 2005, all companies listed in the stock market have the obligation to apply International Accounting Standards/International Financial Reporting Standards (IFRS) in their everyday practice. At the same time, more and more researchers have pointed to the problem of valuation accuracy and to the uncertainty of the valuation product. The...
Subjects
free text keywords: real estate appraisal, appraiser behaviour, uncertainty in valuation, valuation for valuation reporting, income approach, jel:G2, jel:M4
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