About the Author.
Chapter 1 Introduction to Real Estate.
Types of Real Estate Assets.
Common Industry Terms.
Chapter 2 Basic Real Estate Accounting.
History of Double-Entry Bookkeeping.
Types of Accounts.
Recording of Business Transactions in the Accounting System.
Basic Accounting Reports.
Chapter 3 Forms of Real Estate Organizations.
Common and Joint Ownership.
Limited Liability Companies.
Real Estate Investment Trusts.
Chapter 4 Accounting for Operating Property Revenues.
Types of Leases.
Additional Cost Recoveries.
Operating Expenses Gross-up.
Modification of an Operating Lease.
Sublease of Operating Lease.
Chapter 5 Accounting for Operating Property Expenses.
Chapter 6 Operating Expenses Reconciliation and Recoveries.
Most Common Recoverable Operating Expenses.
Most Common Nonrecoverable Operating Expenses.
Calculating Tenant Pro-Rata Share of Expenses.
Chapter 7 Lease Incentives and Tenant Improvements.
Tenant Improvement Journal Entries.
Further Comparison of Lease Incentives and Tenant Improvements.
Differences in Cash Flow Statement Presentation.
Demolition of Building Improvement.
Chapter 8 Budgeting for Operating Properties.
What Is a Budget?
Components of a Budget.
Chapter 9 Variance Analysis.
Sample Operating Property Variance Analysis.
Salient Points on a Variance Analysis.
Chapter 10 Market Research and Analysis.
Market Research Defined.
Market Analysis Defined.
Market Research: Practical Process.
Chapter 11 Real Estate Valuation and Investment Analysis.
What Is Real Estate Valuation?
Approaches to Real Estate Valuation.
Chapter 12 Financing of Real Estate.
Other Financing Sources.
Types of Loans.
Relationship Between a Note and a Mortgage.
Accounting for Financing Costs.
Chapter 13 Accounting for Real Estate Investments and Acquisition Costs.
Methods of Accounting for Real Estate Investments.
Purchase Price Allocation of Acquisition Costs of an Operating Property.
Chapter 14 Accounting for Project Development Costs on GAAP Basis.
Stages of Real Estate Development Project.
Chapter 15 Development Project Revenue Recognitions.
Full Accrual Method.
Cost Recovery Method.
Chapter 16 Audits.
Types of Audits.