Real Estate Accounting & Reporting Self-Study Webinar (10 Hours)

Overview: 

Broaden your understanding of real estate accounting. Work through problems and case studies that illustrate practical application issues. In this self-study webinar you'll benefit from:

  • Up-to-date discussion of the impact of current developments on financial accounting issues
  • Analysis of recent pronouncements regarding real estate transactions
  • Strategies and techniques to help you deal more effectively with lenders and other financial statement users
Objective: 

To review the prescribed and/or preferred accounting principles for the recording and reporting of real estate development, operations and sales, including common construction accounting issues faced by real estate developers. The self-study webinar will also discuss current and proposed changes in real estate accounting, with an emphasis on making meaningful financial presentations for real estate entities, including partnerships and other investors.

Emphasis: 
  • Update of FASB statements and proposals, including ASC (Accounting Standards Codification) and International Financial Reporting Standards
  • Informative and useful financial statement presentation and disclosures
  • Accounting for impairment of long-lived assets and for long-lived assets to be disposed of
  • Bonding, common fraud schemes, mechanic's lien laws and other common statutes relevant to the industry
  • Choice of entity issues facing the industry
  • Profit recognition
  • Accounting for acquisition, development and construction costs
  • Cash flow reporting
  • Variable interest entities and consolidation rules

Identify factors affecting the choice of entity 

Identify entity choices as they relate to specified characteristics

Recognize specified differences between US GAAP and IFRS

Recognize the characteristics of the valuation levels within the fair value hierarchy

Recognize acceptable valuation techniques identified in ASC 820

Identify specified characteristics of different valuation techniques identified in ASC 820

Recognize the characteristics of a REIT

Recognize codification topics related directly to accounting for real estate

Identify certain terminology used in real estate construction projects

Identify the accounting treatment of real estate acquisition, development and construction costs

Identify the circumstances in which interest is appropriately capitalized

Recognize the accounting treatment of costs incurred to rent real estate projects

Identify the primary reasons behind the new revenue recognition standard

Identify specified issues with the revenue recognition standard as it relates to real estate

Recognize when a good or service is considered distinct (and therefore a separate performance obligation) under the revenue recognition standard

Recognize the basis for allocation of a transaction price to a separate performance obligation

Identify the type of commercial lease where the landlord covers all the building expenses

Identify the basis on which the new lease standard is modeled

Identify the components of the lessee’s ROU asset at the lease commencement date

Recognize the impact the COVID-19 pandemic may have on lease accounting

Recognize the criteria under which a long-lived asset would be classified as held for sale

Recognize the circumstances under which the impairment guidance for long-lived assets to be held and used would apply

Identify indications of impairment in long-lived assets

Identify the steps for determining if an impairment of long-lived assets exists

Recognize the accounting for foreclosed assets

Recognize the circumstances under which the guidance regarding participating mortgage loans applies

Recognize the borrower’s accounting implications of participating mortgages
 

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Price: 
$399.00
Prerequisite: 

Basic accounting.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
10.00
NASBA Field of Study: 
Specialized Knowledge