Specialized GAAP – Real Estate Accounting

Course Description

Specialized GAAP – Real Estate Accounting

Specialized Industry Gaap – Real Estate discusses all of the important authoritative pronouncements on GAAP for this specialized industry. This course addresses accounting principles, financial reporting presentation requirements, required and recommended disclosures for real estate, title plant, and mortgage banking industries.

Course information

Price: $33

Course No. 7032
Format: Online pdf (46 pages).
Instructional Delivery Method: QAS Self-Study
Prerequisites: None
Advance Preparation:None
Level: Overview
CPE Credit: 2 hrs.
Field of Study: Accounting
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: February 2017


After completing this course you should be able to:
• Identify different lending agencies within the mortgage banking industry.
• Recognize accounting issues for title plants.
• Distinguish between retail land sales and other sales of real estate.
• Recognize accounting treatment for real estate – such as full accrual method, installment method, and capitalization issues.
• Recognizes the key provisions of the new revenue (ASC 606) and leasing standards (ASC 842) and identify the potential impact upon adoption of these guidelines.
Course Categories