The real estate professional needs to be aware of the accounting rules for real estate, to avoid adverse reporting outcomes. Real Estate Accounting covers the accounting rules for every type of real estate transaction, which can be used to structure real estate deals appropriately. The course covers the accounting for real estate sales, property exchanges, and time-share intervals. It also reveals the related financial statement presentations and accompanying disclosures. In addition, it describes the accounting related to the rental of property and investments in real estate ventures. In short, this course is the go-to reference for discerning the proper accounting treatment for a real estate transaction.

Learning 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


• Identify the steps involved in accounting for an acquired income-producing property, as well as the process flow for goodwill impairment testing


• Recognize the alternative treatment of amortizing goodwill and the circumstances under which it can be used


• List the steps in the five-step revenue recognition process