Application of Statement No.17 of Governmental Accounting Standards on Investment Properties

Abstract

This research aims to know about Government Accounting Standards regarding Investment Properties no 17 of 2021 is an update of the previous regulation on Investment. The type of this research is qualitative methods, The data collection are carried out by taking data in the library, reading, taking notes, and processing research materials. The author collects data by studying and understanding written sources in the form of laws, government regulations, ministerial regulations of finance, ministerial decisions, director general regulations, books, lecture materials. The result of this study is the PSAP No. 17 it is stated that investment property is recognized as an asset if and only if a) it is probable that economic benefits will flow to the entity in the future from the investment property asset; and b) the cost or fair value of the investment property can be measured reliably.