Accounting for investments: classify, measure and disclose investments with lower-of-cost-or-fair-value rules and impairment recognition. This standard requires separate classification of current and long-term investments, measurement of current investments at the lower of cost and fair value and long-term investments at cost with provision for declines other than temporary. Acquisition cost includes brokerage and fair value of consideration given; pre-acquisition income that recovers cost reduces carrying amount. Disposals and partial disposals are recognised in profit or loss, reclassifications use lower-of tests at transfer date, and detailed disclosures of policies, income, gains/losses, restrictions and aggregate quoted/unquoted amounts are required.