Real estate assets have some unique features which can affect the way real estate transactions are structured, accounted for, and audited. How do you record asset impairments? How do you handle reporting issues related to rental operations? These are just some of the many special considerations that apply to real estate. If you advise or work for companies with real estate holdings, this course is for you. Learn how to identify the three distinct stages of real estate assets, then examine and apply the accounting and auditing standards governing each stage.
DESIGNED FOR
Financial managers, auditors and analysts involved with real estate transactions and holdings.
BENEFITS
- Recall key points related to the relevant accounting and auditing standards to real estate
- Identify complex accounting and auditing problems surrounding real estate transactions and identify possible solutions
- Recall how to estimate fair value of real estate assets
HIGHLIGHTS
- Accounting for real estate acquisition and development
- Impairment of real estate assets
- Rental operations
- Real estate sales and profit recognition
- Estimating fair value of real estate assets
- Audit strategies and techniques for real estate activities
COURSE LEVEL
Intermediate
PREREQUISITES
General understanding of accounting and auditing standards.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.