The only book presenting the most recently issued accounting pronouncements with significant impact on accounting for real estate transactions.   Accounting for Real Estate Transactions is an up-to-date, comprehensive reference guide, specifically intended to help professionals understand and apply the accounting rules relating to real estate transactions. This book includes explanations of major concepts, clear and concise discussions of real estate accounting rules, detailed applications of U.S. GAAP, flowcharts, and exhaustive cross-references of the authoritative literature. The book provides financial professionals with a powerful tool to evaluate the accounting consequences of specific deals, enabling them to structure transactions with the accounting consequences in mind, and to account for them in accordance with U.S. GAAP; and it provides a framework designed for members of Audit Committees and Oversight Boards to better evaluate the accounting for real estate transactions.