@article{ART001402478},
author={Donggun Yoon},
title={A Study on the Asset Revaluation's problems in the introduction of IFRS},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2009},
volume={19},
number={2},
pages={217-235}
TY - JOUR
AU - Donggun Yoon
TI - A Study on the Asset Revaluation's problems in the introduction of IFRS
JO - Korea Real Estate Review
PY - 2009
VL - 19
IS - 2
PB - korea real estate research institute
SP - 217
EP - 235
SN - 2092-5395
AB - IFRS are scheduled to be fully adopted in korea from 2011. According to the IFRS, an entity shall choose cost model or revaluation model based on fair value measurement to an entire class of property, plant and equipment. The companies may account for the fair value on the property, plant and equipment, intangible assets and investments as well as financial instruments. One of the primary characteristics of IFRS is that the asset can be appraised by fair value. Appraisers should make preparations on how to measure the fair value and what to do in the introduction of IFRS.
This study focused on suggesting improvements of asset revaluation's problems in the introduction of IFRS.
In chapter 2, we explain the background and main contents of IFRS. Also we explain the concept of fair value, revaluation model described in IFRS.
In chapter 3, we analyze the results of the asset revaluation operation for the last 40 years.
In chapter 4, we propose improvements of the asset revaluation's problems in the introduction of IFRS. Firstly, we suggest a logical basis for appraisers to take part in the fair value appraisal market. Secondly, we present the current fair value standards which enable appraisers to apply to practical affairs. We suggest some actions that appraiser should carry out in order to gain pubic support and confidence regarding the assaet revaluation.
KW - asset revaluation;IFRS;fare value;appraisal
DO -
UR -
ER -
Donggun Yoon. (2009). A Study on the Asset Revaluation's problems in the introduction of IFRS. Korea Real Estate Review, 19(2), 217-235.
Donggun Yoon. 2009, "A Study on the Asset Revaluation's problems in the introduction of IFRS", Korea Real Estate Review, vol.19, no.2 pp.217-235.
Donggun Yoon "A Study on the Asset Revaluation's problems in the introduction of IFRS" Korea Real Estate Review 19.2 pp.217-235 (2009) : 217.
Donggun Yoon. A Study on the Asset Revaluation's problems in the introduction of IFRS. 2009; 19(2), 217-235.
Donggun Yoon. "A Study on the Asset Revaluation's problems in the introduction of IFRS" Korea Real Estate Review 19, no.2 (2009) : 217-235.
Donggun Yoon. A Study on the Asset Revaluation's problems in the introduction of IFRS. Korea Real Estate Review, 19(2), 217-235.
Donggun Yoon. A Study on the Asset Revaluation's problems in the introduction of IFRS. Korea Real Estate Review. 2009; 19(2) 217-235.
Donggun Yoon. A Study on the Asset Revaluation's problems in the introduction of IFRS. 2009; 19(2), 217-235.
Donggun Yoon. "A Study on the Asset Revaluation's problems in the introduction of IFRS" Korea Real Estate Review 19, no.2 (2009) : 217-235.
