Statement of position on accounting for costs to sell and rent, and initial rental operations of, real estate projects: a proposed recommendation to the Financial Accounting Standards Board
American Institute of Certified Public Accountants, 1978 - Business & Economics - 16 pages
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accepted accounting principles accounting for costs Accounting for Depreciable Accounting Principles Board accounting standards division accounting standards executive AICPA amortized available for occupancy beneﬁt the company cause and effect chargeable to future charged to expenses classiﬁed completed and held costs and revenues costs incurred costs that ordinarily costs to rent costs to sell Deferred rental costs deﬁned in paragraph Examples of costs expense recognition principles expenses as incurred FASB Statement ﬁscal years beginning future periods held available held for rental held for sale initial direct costs initial operating period Initial Rental Operations lessors account meet the criteria pleted and held prepaid expenses Principles Board Statement project costs project is capable projects under operating rational allocation rational manner real estate projects rent real estate Rental Costs Chargeable rental project requires that lessors sell and costs sell real estate standards division believes standards executive committee substantially completed systematic and rational unearned income