Proposed statement of position on accounting practices of real estate investment trusts : an amendment of position 75-2 ;Accounting practices of real estate investment trusts : an amendment of position 75-2; Exposure draft (American Institute of Certified Public Accountants), 1977, Dec. 20

Authors

American Institute of Certified Public Accountants. Accounting Standards Division

Files

Description

The recommended accounting for real estate loans and foreclosed properties in Statement of Position (SOP) 75-2, Accounting Practices of Real Estate Investment Trusts, issued June 27, 1975, is inconsistent with certain provisions of Statement of Financial Accounting Standards (SFAS) no. 15, Accounting by Debtors and Creditors for Troubled Debt Restructurings, issued by the Financial Standards Board in June 1977. The accounting standards division believes that SOP 75-2 should be amended to conform its recommendations to the provisions of SFAS no. 15.

Publication Date

1977

Relational Format

Book

Keywords

Real estate investment trusts; Mutual funds -- 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. Accounting Standards Division, "Proposed statement of position on accounting practices of real estate investment trusts : an amendment of position 75-2 ;Accounting practices of real estate investment trusts : an amendment of position 75-2; Exposure draft (American Institute of Certified Public Accountants), 1977, Dec. 20" (1977). Exposure Drafts, Comment Letters, and Statements of Position. 386.
https://egrove.olemiss.edu/aicpa_sop/386