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Statement of Position No. 75-2, issued on June 27, 1975, presents recommendations of the Accounting Standards Division on Accounting Practices of Real Estate Investment Trusts. The Committee on Real Estate Accounting has considered whether the conclusions in that Statement with respect to the valuation of real estate should be recommended to the Financial Accounting Standards Board (FASB) as applicable to companies that are not REITs; the accompanying exposure draft presents the Committee's views on that and related issues.
Real estate business -- United States -- Accounting
Accounting | Taxation
American Institute of Certified Public Accountants. Accounting Standards Committee on Real Estate Accounting, "Valuation of certain real estate and loans and receivables collateralized by real estate; Exposure draft (American Institute of Certified Public Accountants), 1976, May 25" (1976). Statements of Position. 365.