FASB ASC 974 – Real Estate – Real Estate Investment Trusts REIT

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 974 (ASC 974) to address topics related to Real Estate Investment Trusts (REITs).

Often, the major issues related to REITs are accounting for investments such as those under the equity method and joint ventures. Consolidating entities which are owned is also a relevant topic as this is commonly needed for REITs. Finally, revenue recognition, interest and leases are other significant areas discussed under this code.

For more in depth information on this and other FASB ASC topics, check out the following books.

Accounting made easy, for FREE!

Access the contact form and send us your feedback, questions, etc. We are always welcome to help someone out. You can also contact us if you wish to submit your writing, cartoons, jokes, etc. and we will consider posting them to share with the world! The Facebook and LinkedIn groups are also good areas to find people interested in accounting like yourself, don’t hesitate to join as everyone of all levels are welcome to become part of the community.

Are You Ready to Take Your Accounting Skills to the Next Level on the Information Highway?

How Can We Help?