Real estate valuation for IFRS purposes | KPMG | RU

Real estate valuation for IFRS purposes

Real estate valuation for IFRS purposes

In accordance with new legislation, many Russian public companies are required to adopt IFRS starting from 2012. IFRS and Russian accounting principles differ in several ways, and in particular with regard to valuation issues. For real estate organisations and companies that have significant real estate properties on their balance sheet, the move to IFRS could have enterprise-wide implications.

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