Accounting For Costs Incurred Subsequent To Project Completion
A real estate project is considered substantially completed and held available for occupancy upon completion of tenant improvements by the developer, but no later than …
Posts tagged Accounting For Real Estate
Costs Incurred To Sell Or Rent Of A Real Estate Project
In real estate properties that are intended for rent or sale after development is completed, leasing and selling activities generally occur throughout the acquisition, development, …
Accounting For Real Estate 4: Change In Estimates Or Project Plans And Abandonment Of Projects
Due to the length of time involved in the development and construction of real estate properties, a project’s plans, cost estimates, and expected sales prices …
Accounting For Real Estate 3: Cost Allocation
As real estate projects often span long time periods until their completion, it is of critical importance to evaluate at the outset of a real …
Accounting For Real Estate 2: Project Cost
Project costs are defined as “costs clearly associated with the acquisition, development, and construction of a real estate project”. In certain real estate projects, land …
Accounting For Real Estate 1: Pre-Acquisition Costs
Pre-acquisition costs are costs related to a real estate property that are incurred for the express purpose of, BUT PRIOR TO, obtaining that property. They …
Accounting For Real Estate: Acquisition, Development, And Construction
Investments in real estate projects require significant amounts of capital. For real estate properties that are developed and constructed, rather than purchased, project costs include …