Liow, K H (2000) Corporate financial reporting of Singapore property companies: Issues and evidence. Journal of Financial Management of Property and Construction, 5(3), pp. 149-158. ISSN 1366-4387
Abstract
There are a number of issues surrounding the matter of property company financial accounting. The aim of this paper is to empirically examine the ways in which property and property valuations are reflected in corporate balance sheets of Singapore Property Companies. The areas covered include the classification of properties, accounting for properties as fixed assets, valuation of investment properties, accounting for development properties, and details of revaluation disclosure. The study reveals that although individual property companies were consistent in their property accounting practice over the five-year period, there were considerable variations between companies in the property classification, valuation and disclosure in the balance sheets. Finally, the research implications are highlighted.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | property assets, property companies, revaluation, Singapore |
| Index terms: | property company, accounting, investment property, financial reporting, evidence, variation, financial accounting, fixed assets, Singapore |
| Subjects: | financial and cost management, real estate economics, contractual condition, professional development, economic analysis, construction type, evaluation and assessment methods, asset management, Geography |
| Topics: | Contract Administration, Urban Studies, Construction Technology, Business Strategy, Cost Management, Information Management, Research Practice, Geographical Context |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here