Accounting Standards Codification (ASC) Topic 972-205, Real Estate Investment Trusts - Presentation of Financial Statements, provides guidance on the presentation of financial statements for Real Estate Investment Trusts (REITs) under Generally Accepted Accounting Principles (GAAP). One of the key financial metrics for REITs is Funds from Operations (FFO), which is a non-GAAP measure used by investors to assess a REIT's performance. This article will explore the key aspects of FFO calculation under ASC 972-205 and provide examples of journal entries to help you better understand the accounting treatment.
Standards Codification (ASC) Topic 970-323, Real Estate - General - Investments - Equity Method and Joint Ventures, provides guidance on the accounting treatment for real estate investments under the equity method, specifically for joint ventures and equity method investees, under Generally Accepted Accounting Principles (GAAP). This article will explore the key aspects of equity method accounting under ASC 970-323 and provide examples of journal entries to help you better understand the accounting treatment.
Accounting Standards Codification (ASC) Topic 965-210, Plan Accounting - Health and Welfare Benefit Plans - Balance Sheet, provides guidance on the valuation of plan assets for health and welfare benefit plans under Generally Accepted Accounting Principles (GAAP). Accurate valuation of plan assets is essential for the proper reporting of a plan's financial position and performance. This article will explore the key aspects of plan assets valuation under ASC 965-210 and provide examples of journal entries to help you better understand the accounting treatment.
Accounting Standards Codification (ASC) Topic 958-720, Not-for-Profit Entities - Other Expenses, provides guidance on the allocation of functional expenses for not-for-profit (NFP) entities under Generally Accepted Accounting Principles (GAAP). Functional expense allocation is an essential aspect of NFP accounting, as it allows organizations to accurately report expenses by function, such as program services and supporting activities. This article will explore the key aspects of functional expense allocation under ASC 958-720 and provide examples of journal entries to help you better understand the accounting treatment.
Accounting Standards Codification (ASC) Topic 946-210, Investment Companies - Balance Sheet, provides guidance on the presentation and disclosure requirements for investment companies' financial statements under Generally Accepted Accounting Principles (GAAP). One essential aspect of investment company accounting is the calculation of net asset value (NAV) per share, which represents the value of a single share of an investment company, such as a mutual fund or exchange-traded fund (ETF). This article will explore the key aspects of NAV per share calculation under ASC 946-210 and provide examples of journal entries to help you better understand the accounting treatment.