Accounting for costs to sell and rent, and initial rental operations of, real estate projects; Exposure draft (American Institute of Certified Public Accountants), 1977, Aug. 1

Authors

American Institute of Certified Public Accountants. Real Estate Accounting Committee

Files

Description

The Accounting Standards Division has noted that diverse practices are followed in accounting for both costs to sell and costs to rent real estate projects. It has also noted that diverse practices are followed in accounting for costs and revenues during the initial operating period of a rental project, before occupancy stabilizes (sometimes referred to as the "rent-up" period). The Division believes that narrowing the range of those practices is desirable. This Statement of Position sets forth the Division's recommendations on accounting for costs to sell and costs to rent real estate projects and for initial rental operations of such projects.

Publication Date

1977

Relational Format

Book

Keywords

Real estate business -- United States -- Accounting; Rental housing -- United States -- Accounting

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Recommended Citation

American Institute of Certified Public Accountants. Real Estate Accounting Committee, "Accounting for costs to sell and rent, and initial rental operations of, real estate projects; Exposure draft (American Institute of Certified Public Accountants), 1977, Aug. 1" (1977). Exposure Drafts, Comment Letters, and Statements of Position. 377.
https://egrove.olemiss.edu/aicpa_sop/377