Real Estate Accounting Made Easy - Rilegato

OBIOMA ANTHONY EBISIKE, CPA, MS, has over ten years' experience in the accounting industry, both in the audit and real estate fields. He is currently a controller at a New York-based inter- national real estate investment firm, and was a former audit and advisory services manager with Deloitte & Touche LLP. He has provided accounting training to his accounting and finance team and led discussions on the impact of emerging accounting rules and regulations.

Real Estate Accounting Made Easy

For laypeople and accountants with little or no real estate accounting experience, Real Estate Accounting Made Easy is a complete and easy-to-use road map to a broad range of real estate account- ing topics.

Starting with an introduction to real estate terms and products, and the fundamentals of real estate accounting, this book goes from sole ownership—the simplest form of real estate ownership —to other forms of ownership such as partnerships, joint ventures, and real estate investment trusts (REITs).

Take a look inside for just-the-basics coverage of:

• Forms of real estate entities
• Accounting for operating property revenues and expenses
• Accounting for capital improvements and tenant inducements
• Real estate valuation and investment analysis
• Accounting for real estate investments and acquisition costs
• Accounting for project development costs on GAAP basis

More complex types of transactions, such as development project revenue recognition, are also discussed in depth. In addition, you'll learn what to expect from audits that real estate entities are subjected to, with audit processes and procedures broken down to help you—whether you are an auditor, accountant, or manager—to understand the roles and importance of audits.

This how-to guide offers a wealth of practical information for putting real estate accounting principles to work for your organization. It's the ins and outs of accounting for real estate—made easy.