There are many kinds of real estate transactions, each of which must be accounted for in its own unique way. These events include the sale of time-share intervals, the purchase of income-producing property, the construction of a new facility using debt financing, property swaps, and the sale of land. Real Estate Accounting shows how to properly account for each of these transactions and many more, as well as how to disclose them in one’s financial statements.
The book is divided into two sections. In Chapters 1 through 6, we focus on the main real estate activities of building or buying property, followed by its sale to a third party. In Chapters 7 through 11, we deal with more specialized topics. These topics include time-sharing activities, rental transactions, asset retirement obligations, real estate ventures, and housing associations. Table of Contents
Delivery: Online QAS Self study
Level: Overview. Real Estate Accounting is designed primarily for professionals, who can use it as a reference tool for determining the most appropriate accounting treatment of different real estate transactions.