Real Estate Accounting and Financial Reporting Workshop

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Finance and Accounting

Real Estate Accounting and Financial Reporting Workshop

Program Objectives:
By the end of the program, participants will be able to:

Apply revenue recognition, measurement, fair value, and impairment in the real estate industry.
Grasp the unique real estate accounting and financial reporting standards.
Identify accounting and problems surrounding real estate transactions.
Properly account for the recognition and measurement of real estate transactions.
Record the purchase, sale, rental, or development of their real estate holdings.

This program is designed for:

Accountants in the real estate industry, including real estate developers, brokers, owners/operators and property managers as well as financial executives in all phases of the real estate industry. Also, accountants, chief accountants, accounting supervisors, accounting managers, financial controllers, chief financial officers and any business professional interested in learning how to account for, record, and present real estate transactions.

This program is worth 5 NASBA CPEs.

Fees in US$:

Per participant $800
Frequent nomination $720
(including coffee breaks and a buffet lunch)

Discount Plans, Refunds & Cancellations Policy

Locations & Dates:

29 - 29 May 2012
Dubai, English

04 - 04 Dec 2012
Dubai, English

Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.

One extra free place for every 2 paid nominees

Delivery Type: Group-Live

Pre-requisites: None

Related Programs:

Program Outline

An Overview of Real Estate Assets and Transactions

Unique Characteristics of Real Estate
Negotiations and Complex Transactions
Long-Term Investment Cycle
Characteristics of the Real Estate Market
The Laws of Supply and Demand

Accounting for the Acquisition and Development of Real Estate Assets

Accounting Rules for Pre-acquisition
Capitalizing versus Expensing
Accounting for Acquisition Costs
Development Costs and Project Costs
Capitalized Interest and Selling Costs
Recognition of Impairment

Accounting for Rental Operations Leasing

Rental Costs and Initial Direct Costs
Rent Escalations and Lease Incentives
Expense Reimbursements
Financial Statement Presentation and Disclosure

Methods of Accounting for Real Estate Sales

Installment Method Accounting
Cost Recovery Method
Reduced-Profit Method and Deposit Method

Accounting for the Impairment of Completed Real Estate

Determining whether the Project Is Held for Use or Held for Disposal
Summary of the Guidance Related to Impairments
Impairment of Completed Projects Held for Use
Accounting for Completed Projects to Be Disposed of by Sale

Accounting for the Sale of Real Estate Assets

Full Accrual Profit Recognition
Accounting for Sales that Do Not Involve Seller Financing
Accounting for Sales Involving Seller Financing
Accounting for Transactions that Do Not Qualify for Full Accrual Profit Recognition
Accounting for Continuing Involvement

Techniques for Estimating Fair Value of Real Estate Assets

Real Estate Appraisers
Market Value versus Fair Value
The Cost Approach
Market Data or Comparable Sales Approach

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