Real Estate Accounting and Reporting

Nicholas Cammarano and James J. Klink are the authors of Real Estate Accounting and Reporting: A Guide for Developers, Investors, and Lenders, 3rd Edition, published by Wiley.

Overview of the Real Estate Industry.

Hierarchy of Generally Accepted Accounting Principles.

ACCOUNTING FOR REAL ESTATE COSTS.

Cost Capitalization and Allocation.

Impairment.

ACCOUNTING FOR REAL ESTATE SALES.

Criteria for Recording a Sale.

Tests for Profit Recognition--Adequacy of Down Payment.

Tests for Profit Recognition--Receivable from Buyer.

Tests for Profit Recognition--Seller's ContinuingInvolvement.

Alternative Accounting Methods.

Accounting for Condominium and Timeshare Sales.

Retail Land Sales.

Construction Contracts.

Leases.

Special Accounting Problems.

ACCOUNTING FOR INVESTMENTS IN REAL ESTATE VENTURES.

Real Estate Ventures: Introduction and AccountingBackground.

Accounting for Real Estate Venture Operations.

Accounting for Transactions Between Real Estate Ventures andTheir Investors.

Real Estate Loans that Qualify for Investment Accounting.

Special Investor Accounting Problems.

Securitization.

Current-Value.

Financial Reporting.

Glossary.

Bibliography.

Index.