EXAME DE SUFICIÊNCIA CFC 2024.2 - RESOLUÇÃO QUESTÃO 27 | NBC TG 27 (R4)

Summary

This transcript discusses the proper classification of a hospital's newly acquired land for parking purposes. The speaker explains why the land should be classified as a fixed asset (ativo imobilizado) rather than an investment property, clarifying that the land is intended for patient use, directly supporting the hospital's core activities. The key distinction is made between investment property, which is intended for rental or appreciation, and fixed assets, which are used in the company’s operational activities. The speaker emphasizes the importance of understanding these accounting principles for accurate financial reporting.

Takeaways

• 😀 The hospital purchased land adjacent to its building for a parking lot for its patients.
• 😀 The land should be classified as a fixed asset (ativo imobilizado) in the hospital's financial records.
• 😀 Fixed assets are used for core operations, like providing parking for hospital patients in this case.
• 😀 Many students mistakenly classify such land as investment property, but it's not meant for rental income or capital appreciation.
• 😀 Investment property is for assets acquired for generating income or expecting increased value through resale or renting.
• 😀 The distinction between fixed assets and investment property is based on how the asset is utilized by the business.
• 😀 Even if the hospital charges a minimal fee for parking, the land still qualifies as a fixed asset since it supports the hospital's activities.
• 😀 The land is used for patient parking, which directly contributes to the hospital's core activities (not for generating rental income).
• 😀 Investment property would apply if the land were purchased to be rented out to people unrelated to the hospital.
• 😀 The explanation clarifies the importance of properly classifying property based on its use and not just its potential for appreciation in value.

Q & A

What is the purpose of the hospital acquiring land next to its building?

The hospital acquired the land next to its building to construct a parking lot that will be used exclusively by its patients, providing better service.

How should the land be classified in the hospital's balance sheet?

The land should be classified as a fixed asset, not as an investment property. It is used for the hospital's operational activities, specifically for providing parking to patients.

What is the distinction between 'fixed asset' and 'investment property' in accounting?

A fixed asset is a property used for the ongoing operations of a company, while an investment property is purchased with the intention of generating rental income or capital appreciation. In this case, the land is a fixed asset because it is used for the hospital's operations.

Why might someone mistakenly classify the land as investment property?

People might mistakenly classify the land as investment property because they see it as an asset that may appreciate in value. However, the key factor is its use for the hospital's core activities, not for profit generation from rent or resale.

What would make the land qualify as investment property instead of a fixed asset?

If the land were purchased with the intention of renting it out to unrelated parties or for capital appreciation (e.g., the hospital planning to sell it later for a profit), it would qualify as investment property.

Is it possible for the hospital to charge patients for parking while still considering the land a fixed asset?

Yes, it is possible for the hospital to charge patients a small fee for parking, as long as the primary purpose is to provide parking for patients and not to generate profit, keeping it aligned with the hospital's operational activities.

What is the core concept behind classifying something as a fixed asset?

A fixed asset is classified as such when it is used in the maintenance or operational activities of the company. It supports the company's core functions, like providing parking for hospital patients in this case.

What would happen if the hospital decided to rent out the parking lot to the public?

If the hospital decided to rent out the parking spaces to people not connected to the hospital, it would shift the land's classification to investment property, as the hospital would be using the land to generate rental income rather than for its core activities.

Why is it important for accounting to distinguish between fixed assets and investment properties?

The distinction is important because it affects the financial reporting and taxation of the property. Fixed assets are part of the company’s operational expenses, while investment properties are treated as assets held for income generation or capital gains.

How does the concept of 'intended use' affect the classification of property in accounting?

The intended use of a property is a critical factor in determining whether it is classified as a fixed asset or an investment property. If the property is used in the company's daily operations, it is a fixed asset; if it is intended for income generation or resale, it is an investment property.