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
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.
- 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
