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Accounting for Real Estate and Construction Companies

Corporate
Digital Skills

Business Management and Finance

Duration

75 hours

PRESENTATION

There are certain sectors of activity that, due to their unique and specific characteristics, differ from the rest and require tailored accounting regulations. This is the case for construction and real estate companies, which have required regulations in sector-specific plans that differ from those of the General Chart of Accounts and that require a specific study. The Advanced Course in Accounting for Real Estate and Construction Companies It provides accounting professionals with the necessary framework to adapt their practice to these types of companies, which are becoming increasingly important in the productive sector and are in need of experts to manage them.

Objectives

– Learn about the accounting regulations which sets forth the obligations of construction and real estate companies and serves as the basis for our study.

– Review the valuation rules for the General Chart of Accounts that directly affect these types of companies.

– Analyze the valuation standards for the sectoral plan of construction companies and their annual financial statements. – Determine how to record revenue using the percentage-of-completion method and the completed-contract method.

– Define the concepts necessary for understanding the cost accounting or costs in construction companies.

– Discuss the valuation rules pertaining to the Real Estate Companies and Their Annual Financial Statements.

Syllabus

TEACHING UNIT 1. SECTOR-SPECIFIC ACCOUNTING PLANS FOR CONSTRUCTION AND REAL ESTATE COMPANIES 1. Accounting Standards and Sector-Specific Plans 2. Difference Between a Construction Company and a Real Estate Company 3. Accounting Regulations 4. Conceptual Framework of the General Accounting Plan TEACHING UNIT 2. REVIEW OF VALUATION STANDARDS 8 AND 10 OF THE GENERAL ACCOUNTING PLAN 1. Delivery Notes and Advance Payments 2. Standard 8. Finance Leases 3. Standard 10. Inventories TEACHING UNIT 3. REVIEW OF STANDARDS 14 AND 15 OF THE GENERAL ACCOUNTING PLAN 1. Standard 14. Revenue from the Provision of Services 2. Standard 15. Provisions and Contingencies TEACHING UNIT 4. ACCOUNTING FOR CONSTRUCTION COMPANIES I 1. Scope of Application 2. Chart of Accounts for Construction Companies 3. Accounting Issues Specific to Construction Companies 4. Valuation Standards for Construction Companies 5. Revenue from Sales. Recognition of Revenue for Completed Projects (Standard 18 6. Contract-Based Projects 7. Solved Case Study: Determining Revenue 8. Projects Carried Out Without a Contract 9. Project Certification and Invoicing TEACHING UNIT 5. ACCOUNTING FOR CONSTRUCTION COMPANIES II 1. Specific Transactions in Construction Companies 2. Transactions with Subcontractors 3. Accounting for Joint Ventures (UTES) 4. Annual Financial Statements for Construction Companies 5. Solved Case Study: Activities of a Construction Company TEACHING UNIT 6. MANAGEMENT ACCOUNTING FOR CONSTRUCTION COMPANIES 1. The Construction Project 2. The Construction Budget 3. Analysis of Cost Categories in Construction Companies 4. Cost Valuation 5. Revenue Allocation in Construction Companies TEACHING UNIT 7. ACCOUNTING FOR REAL ESTATE COMPANIES I 1. Scope of Application 2. Chart of Accounts 3. Accounting Issues Specific to Real Estate Companies 4. Valuation Standards for Real Estate Companies 5. Revenue Accounting TEACHING UNIT 8. ACCOUNTING FOR REAL ESTATE COMPANIES II 1. Accounting Treatment of Inventory in Real Estate Companies 2. Valuation of Land Acquired in Exchange for Future Construction 3. Solved Case Studies: Land Transfers 4. Transfers of Assets Between Fixed Assets and Inventory 5. Joint Real Estate and Construction Activities 6. Subrogable Mortgage Loans. 7. Surface Rights and Right of First Refusal. 8. Annual Financial Statements for Real Estate Companies
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Are the Educa PHAROS courses eligible for credit?

Many courses can be credited toward the master's programs at Structuralia.
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Facts about our area

+ 1.483

Hours

+88.999

Minutes

264

Courses

Educa PHAROS is a next-generation training model that places a company’s human capital at the forefront. Through a platform that adapts to each company’s corporate identity and offers a total of more than 900 courses, it provides tailored training for each organization. The unlimited flat-rate plan provides each company with the number of courses that best suits its needs, as well as the ability to determine which employees will have access.
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