Reassessed assets

Article Abstract:

The UK's Accounting Standards Board has issued new proposals for the treatment of property in company accounts. Most importantly, it recommends that companies that opt to revalue the properties they use in their business should be obliged to do so in a consistent way. This would put an end to the practice of properties being upvalued when the market is strong and ignored when the market is weak. In cases where properties are carried at revalued amounts, a full revaluation should be undertaken every five years, with an interim valuation being undertaken at the third year.

Accounting Methods, Standards, Planning, Accounting, United Kingdom. Accounting Standards Committee

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Not quite off the hook

Article Abstract:

The Accounting Standards Board (ASB) has made the decision not to recommend investment properties be forced to show a depreciation in property company accounts. The companies' main argument was that depreciation would cut dividends by reducing their distributable reserves. The ASB does not consider this a relevant argument, but does accept that investment properties are different from owner-occupied properties.

Land Subdivision and Land Development, Subdividers & Developers, Subdividers and Developers, Capital Management-Depreciation, Accounting and auditing, Real estate industry, Accounting Standards Board, Property, Interest, Interest (Finance), Depreciation

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A scholar and a developer. (Jack Rose)

Article Abstract:

John Jacob Rose (Jack) was a successful property developer and a Master of Philosophy. He started his career as an office boy, and a thesis, which earned an academic distinction, became a book on the post-war development scene in Britain. His business partner in the company Land Investors, was his brother Philip, who died in 1977.

Real estate developers, Achievements and awards

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