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Real Estate: Purchases, Valuation, Allocation and Exchanges

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Accounting

Course Description

The real estate professional needs to be aware of many of the accounting rules for real estate, in order to avoid adverse reporting outcomes. The course covers several key aspects of the accounting for real estate including the purchase of income-producing property, retail valuation, cost and cost allocations, as well as non-monetary exchanges.

Learning Objectives

After completing this section of the course, you will be able to:

  • Specify the types of project costs, as well as when and how to capitalize interest on a real estate project.
  • Identify the steps involved in accounting for an acquired income-producing property, as well as the process flow for goodwill impairment testing, recognizing valuation principles and important cost allocations related to real estate.
  • Recognize the options available for valuing exchanged property, and the use of boot in calculating profits.

Course Specifics

Course ID
WC1122276780
Revision Date
January 26, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …

Kelen Camehl, CPA, MBA Read More »

Real Estate: Purchases, Valuation, Allocation and Exchanges

CPE CREDITS
1 Credits: Accounting

$70.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 7 hour(s) and 10 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Accounting

Course Description

The real estate professional needs to be aware of many of the accounting rules for real estate, in order to avoid adverse reporting outcomes. The course covers several key aspects of the accounting for real estate including the purchase of income-producing property, retail valuation, cost and cost allocations, as well as non-monetary exchanges.

Learning Objectives

After completing this section of the course, you will be able to:

  • Specify the types of project costs, as well as when and how to capitalize interest on a real estate project.
  • Identify the steps involved in accounting for an acquired income-producing property, as well as the process flow for goodwill impairment testing, recognizing valuation principles and important cost allocations related to real estate.
  • Recognize the options available for valuing exchanged property, and the use of boot in calculating profits.

Course Specifics

Course ID
WC1122276780
Revision Date
January 26, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …

Kelen Camehl, CPA, MBA Read More »

Real Estate: Purchases, Valuation, Allocation and Exchanges

CPE CREDITS
1 Credits: Accounting

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 7 hour(s) and 10 minutes to watch today.

$70.00