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Real Estate Accounting: An Introduction

Colleen Neuharth McClain, CPA

Accounting for real estate transactions is different and frequently more complex than normal product or service transactions. This is because real estate is unique, has a long or indefinite asset life (as in the case of land), and is infrequently sold.

The Real Estate Accounting: An Introduction course covers a broad range of transactions, including:

  • The treatment of costs associated with the acquisition, development, construction, rental, and sale of real estate;

  • Income recognition on the sale of real estate;

  • Exchanges of real estate;

  • Recoverability;

  • U.S. generally accepted accounting principles (GAAP) guidance regarding syndicator's revenues and costs; and

  • Certain other matters.

Course Details
Price:  $48.00
Field of Study:  Accounting
Prerequisites:  None
Level:  Basic
Course was last updated on:  03/07/07
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Library:
Accounting and Audit

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 4 CPE
QAS 4 CPE
Enrolled Agent (Accepted by the IRS) 4 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Lawrence Arthur G. submitted on 02/05/2010
ability to save the course content to be able to refer to the literature as a reference point while on the job.
Reviewer: David L. submitted on 12/06/2009
thorough explanation of transaction accounting
Reviewer: Robert S. submitted on 11/24/2009
It is a comprehensive course that gives meaning to all of the relevant real estate topics.
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