[Verse 1]
When you hold a property not for your own use
Land or buildings earning rent, that's the revenue you choose
Not for sale in ordinary business operations
Investment property needs careful classifications
Held to earn rentals or for capital appreciation
Owner-occupied means it's not this designation
If you use it in production or administration
Then it's property plant equipment in your preparation
[Chorus]
Fair value or cost model, you must choose your way
Land and buildings separate when depreciation's in play
Initial recognition at cost including transaction fees
Then measure consistently with your accounting policies
Fair value changes go to profit and loss
Cost model means depreciation, don't let value get lost
Investment property, know the rules that apply
IAS forty keeps your standards high
[Verse 2]
Fair value model means you measure at balance sheet date
Reliable determination, don't estimate or wait
All changes in fair value go straight to profit or loss
No depreciation needed, but expertise is the cost
Cost model follows IAS sixteen's way
Historical cost less depreciation day by day
Less any impairment losses that might come to light
Disclose fair value still, keep transparency bright
[Chorus]
Fair value or cost model, you must choose your way
Land and buildings separate when depreciation's in play
Initial recognition at cost including transaction fees
Then measure consistently with your accounting policies
Fair value changes go to profit and loss
Cost model means depreciation, don't let value get lost
Investment property, know the rules that apply
IAS forty keeps your standards high
[Bridge]
Transfers happen when the use changes clear
From owner-occupied to investment here
Or investment property to inventory stock
Measure at fair value when you change the block
Disposal gains and losses hit the income statement
Carrying amount versus proceeds, that's the settlement
Derecognition happens when you sell or give away
Investment property rules guide you every day
[Chorus]
Fair value or cost model, you must choose your way
Land and buildings separate when depreciation's in play
Initial recognition at cost including transaction fees
Then measure consistently with your accounting policies
Fair value changes go to profit and loss
Cost model means depreciation, don't let value get lost
Investment property, know the rules that apply
IAS forty keeps your standards high
[Outro]
Classification criteria, measurement models too
Transfers and disposals, IAS forty's true
Investment property mastered, CPA knowledge grows
International standards, that's how excellence shows