All the fundamentals of accounting and finance of the real estate industry-made easy
Providing both the theories and practices of real estate from an accounting and financial perspective, Real Estate Accounting Made Easy is a must-read for anyone who needs a thorough and easier understanding of the real estate industry.
- Walks you through the audit processes, including how to prepare the audit and the different kinds of audits
- Helps new auditors, the company being audited, and users of audit reports understand the fundamentals of the financial aspect of the real estate business
- Includes forms of real estate ownership, sole ownership, partnerships, joint ventures and real estate investment trusts (REITs), including the advantages and disadvantages of these entities covered in detail
A practical guide to the field of real estate accounting and finance, this easy-to-understand introductory and intermediary book on the field of real estate begins with the elementary and basic aspects of real estate to ensure that those that are new to the field are comfortable with this often-complicated subject matter.
Keywords: Obioma Ebisike, real estate, real estate development, real estate investing, commercial real estate, real estate investment, property, taxes, cash flow, accounting, business, real estate investments, real estate accounting, real estate leases, real estate sales, lease termination, fair value test, lease classification criteria, retail land sales, remaining minimum lease payments, estate exchange transactions, prohibited continuing involvement, continuing investment requirements, integral equipment subject, equity method losses, profit recognition method, contingent rental income, preacquisition costs, additional leased property, economic life test, customary amortization term, substantive participating rights, contingent rental expense, following consensuses, relative sales value method, stated sales price, leaseback accounting, nonmonetary portion