Accounting for Real Estate Transactions: A Guide For Public by Maria K. Davis

By Maria K. Davis

Accounting for genuine property Transactions, moment Edition is an updated, entire reference consultant, particularly written to assist execs comprehend and observe the accounting principles with regards to actual property transactions. This e-book offers monetary pros with a strong device to judge the accounting outcomes of particular bargains, permitting them to constitution transactions with the accounting results in brain, and to account for them based on US GAAP. Accountants and auditors are supplied with significant suggestions, transparent and concise causes of genuine property accounting principles, specific functions folks GAAP, flowcharts, and exhaustive cross-references of the authoritative literature

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La retraite en liberté

Présentation de l'éditeur

1930 : los angeles IIIe République instaure un système obligatoire de retraites par capitalisation. 1941 : une loi de Vichy officialise sa transformation en un régime " par répartition " calqué sur les " chaînes d'argent " de l'escroc Charles Ponzi. l. a. IVe République entérine l'opération et laisse se multiplier les régimes catégoriels, inadaptés aux changes économiques et sociales. Sous los angeles Ve République, inégalités et rigidités bureaucratiques se durcissent. Aujourd'hui, notre système de retraite doit être non seulement réformé, mais restructuré, pour devenir plausible, gouvernable et respectueux des choix individuels.

Économiste, disciple d'Alfred Sauvy, spécialiste de l. a. security sociale, et particulièrement des retraites, le professeur Jacques Bichot collabore avec l'association indépendante Sauvegarde retraites, qui milite pour l'instauration d'un système de retraite financièrement équilibré, à los angeles fois équitable – " à contribution égale, pension égale " – et affranchi de ses complexités inutiles. Elle s'appuie sur ses 133 000 membres pour convaincre les Français comme les responsables politiques de l'urgence d'engager cette réforme structurelle du système de retraites.

Biographie de l'auteur

Jacques Bichot est professeur émérite d'économie de l'université Jean Moulin (Lyon three) et membre honoraire du Conseil économique et social. Auteur prolixe (cf. http://www. bichot. net), ses derniers titres parus sont Les enjeux 2012 de A à Z (L'Harmattan, 2012), l. a. mort de l'État windfall ; vive les assurances sociales (coécrit avec Arnaud Robinet, Les Belles-Lettres, 2013) et Le Labyrinthe (Les Belles Lettres, 2015).

Extra resources for Accounting for Real Estate Transactions: A Guide For Public Accountants and Corporate Financial Professionals

Example text

ASC 970-340-35-1 (paragraph 12 of FASB Statement No. 67) requires that estimates and cost allocations be reviewed at the end of each financial reporting period until a project is substantially completed and available for sale. Generally, any changes in cost estimates are accounted for prospectively as changes in estimate, in accordance with ASC 250-10-45-17 through 45-20 and 250-10-50-4 (paragraphs 19 through 22 of FASB Statement No. 154, Accounting Changes and Error Corrections). The accounting for any cost revisions may be reflected in the current period or in current or future periods, depending on the facts and circumstances: 58 ASC 970-340-35-1 (FAS 67, paragraph 12).

34) provides with respect to the weighted average interest rate to be used: “In identifying the borrowings to be included in the weighted average rate, the objective is a reasonable measure of the cost of financing acquisition of the asset in terms of the interest cost incurred that otherwise could have been avoided. 6 of this chapter discusses special considerations if financing is provided by related parties. It also discusses interest capitalization by a company on investments in an equity method investee.

An asset has three essential characteristics: (a) it embodies a probable future benefit that involves a capacity, singly or in combination with other assets, to contribute directly or indirectly to future net cash inflows; (b) a particular entity can obtain the benefit and control others’ access to it; and (c) the transaction or other event giving rise to the entity’s right to or control of the benefit has already occurred (Concepts Statement (CON) No. 6, paragraph 26; CON 5, paragraphs 63 and 64).

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