Real Estate Accounting & Reporting Webinar

Overview: 

Broaden your understanding of real estate accounting. Work through problems and case studies that illustrate practical application issues. In this 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 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
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Prerequisite: 

Basic accounting.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
8.00
NASBA Field of Study: 
Specialized Knowledge