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CPE Self-Study

Real Estate Accounting & Auditing

Publisher: AICPA
  • $149.00-$189.00
    Real Estate Accounting & Auditing In Stock Product #: 730615
    AICPA Member: $149.00
    Non-Member: $189.00
  • $129.00-$169.00
    Real Estate Accounting & Auditing Online Access Product #: 163492
    AICPA Member: $129.00
    Non-Member: $169.00

Real estate assets have some unique features which can affect the way real estate transactions are structured, accounted for, and audited. Consider these questions: How do you record asset impairments? How do you handle reporting issues related to rental operations? These are just some of the many special considerations that apply to real estate.

If you advise or work for companies with real estate holdings, this course is for you. Learn how to identify the three distinct stages of real estate assets, then examine and apply the accounting and auditing standards governing each stage.

Key Topics

  • Accounting for real estate acquisition and development
  • Impairment of real estate assets
  • Rental operations
  • Real estate sales and profit recognition
  • Estimating fair value of real estate assets
  • Audit strategies and techniques for real estate activities

Learning Objectives

This course will prepare you to:

  • Apply the accounting and auditing standards governing real estate
  • Identify accounting and auditing problems surrounding real estate transactions
  • Estimate fair value of real estate assets

Who Will Benefit?

  • Practitioners working with real estate entities
  • Real estate entities needing training on intermediate to advanced accounting and tax concepts

System Requirements

About the Authors

Jeffrey Lieman, CPA

Owings Mills, Maryland

Jeff Lieman currently heads his own consulting firm in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms and their clients on matters related to US and International accounting principles, auditing standards, governmental auditing standards, and business planning services.

Jeff's previous experience included serving as the Chief Financial Examiner for the Maryland Insurance Administration and being a Director for Ellin & Tucker, Chartered. As the Chief Financial Examiner, Jeff was responsible for the solvency examination of the Maryland domestic insurance companies. While Jeff was a Director for Ellin & Tucker, Chartered, he developed two new niche areas for the firm and supervised numerous audit service engagements. Jeff trained staff in many areas of accounting, administration and consulting and provided training services on a nation level to other organizations.

Jeff's previous experience included serving as the Chief Financial Examiner for the Maryland Insurance Administration and being a Director for Ellin & Tucker, Chartered. As the Chief Financial Examiner, Jeff was responsible for the solvency examination of the Maryland domestic insurance companies. While Jeff was a Director for Ellin & Tucker, Chartered, he developed two new niche areas for the firm and supervised numerous audit service engagements. Jeff trained staff in many areas of accounting, administration and consulting and provided training services on a nation level to other organizations.

His clients have included real estate ventures, printing and publishing companies, electronic manufacturers, wholesale distributors, retail stores, financial institutions, construction contractors, Governmental units, and various nonprofit organizations.

Mr. Lieman has been a national trainer for KPMG where he developed training materials for staff and instructors and is recognized nationally as a lecturer for various accounting, auditing and technology topics and has been quoted in various trade journals. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Recourses Committee.



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.