3. Real Estate Sales

  1. Maria K. Davis

Published Online: 9 MAR 2012

DOI: 10.1002/9781118386231.ch3

Accounting for Real Estate Transactions: A Guide for Public Accountants and Corporate Financial Professionals, Second Edition

Accounting for Real Estate Transactions: A Guide for Public Accountants and Corporate Financial Professionals, Second Edition

How to Cite

Davis, M. K. (2011) Real Estate Sales, in Accounting for Real Estate Transactions: A Guide for Public Accountants and Corporate Financial Professionals, Second Edition, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118386231.ch3

Publication History

  1. Published Online: 9 MAR 2012
  2. Published Print: 19 DEC 2011

ISBN Information

Print ISBN: 9780470603383

Online ISBN: 9781118386231

SEARCH

Keywords:

  • real estate;
  • real estate sale guidance;
  • accrual method;
  • deposit method;
  • cost recovery method

Summary

This chapter contains sections titled:

  • 3.1. Overview

  • 3.2. Applicability of the Real Estate Sale Guidance

  • 3.3. Sale and Profit Recognition

  • 3.4. Profit Recognition under the Accrual Method

  • 3.5. Failure to Meet Criteria for the Application of the Accrual Method

  • 3.6. Application of Other Accounting Methods

  • 3.7. Special Accounting Issues

  • 3.8. Financial Statement Presentation and Disclosure

  • 3.9. International Financial Reporting Standards

  • 3.10. Synopsis of Authoritative Literature (Pre-Codification References)