CPE Credit Hours: 3
Field of Study: Accounting
Publication date: May 2021
This course covers the important authoritative pronouncements on GAAP for the specialized real estate industry. It focuses on financial reporting requirements for real estate project costs (Part I), real estate sales (Part II), and the rental of property (Part III).
Part I addresses whether costs associated with real estate projects should be capitalized or charged to expense as incurred. Part II explains how to apply the five-step revenue recognition model on real estate sales under ASC 606 Revenue from Contracts with Customers. Part III discusses how lessors (landlords) and lessees (tenants) account for leased property under ASC 842 Leases. This course also includes specific examples to illustrate the application of these requirements.
This is a self-study CPE course.
Program level: Overview
Prerequisites: None
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase
