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dc.description.abstractPurpose: The recent financial crisis has brought out the question whether asset valuations are reliable or not. Considering the important role property plays in Malta, due to the high yields and capital appreciation, this research sets out to determine the valuation procedures performed by local listed entities to value Investment Property. Moreover, the dissertation is intended to analyse how local entities adapted to the new introductions of IAS 40. Design: The dissertation analyses the opinion of a sample of auditors, architects and financial controllers in order to determine the local trend in valuing Investment Property. Information was gathered through open-ended questions to allow freedom of expression as much as possible. The questions cover different areas of Investment Property valuations, such as, 'The Situation in Malta', 'Recent Developments to IAS 40' and 'The Architect's Perspective'. Findings: Detailed analysis of opinions indicates that locally, listed entities follow certain trends. The findings indicate that even though the standard provides several options when valuing Investment Property, Maltese entities tend to prefer certain valuations to others. Reasons for such trends are various, such as, the capital structure of the firm and the type of Investment Property held. Conclusions: Trends from the opinions gathered were extracted and a flowchart was constructed suggesting the optimal valuation according to the situation. The flowchart is intended to help entities value their Investment Property realistically. It is also evident that the recent introductions to the standard are accepted in the local scenario. However, this does not mean that there is no room for improvement. Implications/Value: Concluding the dissertation, a number of improvements were highlighted in order to improve the local valuation scenario. Some of the improvements include opting for the Fair Value Model rather than the Cost Model and providing valuation courses tailored for such property amongst others.en_GB
dc.subjectAccounting -- Standardsen_GB
dc.subjectFinancial statementsen_GB
dc.subjectValuation -- Maltaen_GB
dc.titleThe valuation of property in Malta : practical implications of applying IAS 40 - investment propertyen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publisher.institutionUniversity of Maltaen_GB
dc.publisher.departmentFaculty of Economics, Management and Accountancy. Department of Accountancyen_GB
dc.contributor.creatorPsaila, James-
Appears in Collections:Dissertations - FacEma - 2013
Dissertations - FacEMAAcc - 2013

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