There are many kinds of real estate transactions, each of which must be accounted for in its own unique way. Real Estate Accounting describes how to properly account for various types of transactions, such as retail land sales, real estate sales, property exchanges, and the sale of time-share intervals. It also illustrates related financial statement presentations and accompanying disclosures. In addition, this course describes the accounting related to the rental of property and investments in real estate ventures.

You'll find answers to many questions regarding Real Estate Accounting:

•           Which preacquisition costs can I capitalize?

•           How do I capitalize the cost of interest into a real estate project?

•           Do I recognize goodwill when buying an income-producing property?

•           What are the criteria for using the different income recognition methods?

•           How do I account for an exchange of property?

•           How do I account for the sale of a time-share interval?

•           What types of leases can be offered to a prospective tenant?

•           How do I account for asset retirement obligations?

•           How does an investor account for an interest in a real estate venture?

•           And many more!