Real Estate Accounting FLEXCAST
Available Until
Your Desk
9.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
The real estate professional needs to be aware of the accounting rules for real estate, in order to avoid adverse reporting outcomes. This real estate accounting course covers the accounting rules for every type of real estate transaction, which can be used to structure real estate deals appropriately. The real estate accounting class covers accounting for real estate sales, property exchanges, and time-share intervals. Our real estate tax course also reveals the related financial statement presentations and accompanying disclosures. In addition, the real estate taxation course describes accounting related to property rental, and investments in real estate ventures. Use this real estate accounting guide as your go-to reference for discerning the proper accounting treatment for a real estate transaction.
Highlights
Introduction to accounting. Initial real estate costs. Purchase of income-producing property. Real estate sales. Nonmonetary exchanges, and more.
Prerequisites
None.
Designed For
CPAs, CFPs, financial advisers, landlords, property managers, and real estate professionals.
Objectives
Recognize the underlying principles of accounting, the nature of the accounting cycle, and the types of organizations that can be used to engage in real estate transactions. Specify the types of project costs, as well as when and how to capitalize interest on a real estate project. Identify the steps involved in accounting for an acquired income-producing property, as well as the process flow for goodwill impairment testing. Also, recognize the alternative treatment of amortizing goodwill, and the circumstances under which it can be used, and more.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $56.00
Member Price $49.00