Text Based

Specialized GAAP: Real Estate -2017 (Text Based)

Created on February 02, 2017

Beginner

Overview

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.


Learning Objectives

I. Identify different lending agencies within the mortgage banking industry.
II. Recognize accounting issues for title plants.
III. Distinguish between retail land sales and other sales of real estate.
IV. Recognize accounting treatment for real estate - such as full accrual method, installment method, and capitalization issues.
V. 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.
Instructional Method: Self-Study

Review Date: 02/02/2017


Required Components: Written Materials

CPE Final Exam Required Passage Grade: 70%

Please Note: This course must be completed within 1 year of date of receipt of this course for CPE credit.


Field of Study: Accounting

Level of Knowledge: Overview

Prerequisite: None

Advanced Preparation: None


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