Real Estate Accounting Made Easy - 2nd Edition by Obioma A Ebisike (Hardcover)

About the Book

Book Synopsis

Grasp the fundamentals of real estate accounting, finance, and investments

Real Estate Accounting Made Easy is just that--an accessible beginner's guide for anyone who needs to get up to speed on the field of real estate accounting, finance, and investments. Beginning with the elementary aspects of real estate to ensure that you're comfortable with the subject matter, it goes on to explore more in-depth topics in a way that's easy to digest.

The book begins with discussions on introduction to the real estate industry and basic real estate accounting. Building on knowledge from the initial chapters, the book goes on to cover the different form of real estate organizations, financial statements such as the balance sheet, income statement, shareholders equity and the statement cash flow, and more.

- Provides theories and practices of real estate from an accounting, financial, and investments perspective

- Advanced transactions are discussed in an easy-to-understand manner

- Content reflects the FASB's new standards on revenue recognition and lease accounting

- Accounting for operating property expenses, operating expenses reconciliation and recoveries, lease incentives and tenant improvements, budgeting, variance analysis are discussed in detail

- Covers types of financing for real estate acquisitions, accounting for real estate investments, project development costs, and real estate brokerage

- The book also walks you through the financial audit process

If real estate is a new territory for you, fear not! This book helps new auditors, accounting, finance, and investment professionals, and users of financial reports understand the fundamentals of the financial aspect of the real estate business.

From the Back Cover

An accessible guide to the fundamentals of accounting for the real estate industry

Distilling the details of real estate accounting into manageable essentials without omitting important specifics, Real Estate Accounting Made Easy equips you with the tools you need to perform financial and accounting operations related to the real estate industry. You will become conversant in a broad range of real estate accounting topics, even if you have zero previous experience in real estate.

Always practical and never over-technical, this helpful guide:

• Defines important real estate terminology
• Provides a thorough introduction to real estate accounting basics
• Demonstrates accounting for revenues, expenses, capital improvements, and inducements
• Discusses intermediate topics like budgeting, variance analysis, and market research
• Gives detailed, easy-to-follow examples of accounting operations

Author Obioma A. Ebisike offers workable information and clear examples using accessible terminology. Suitable for investors, analysts, accountants, auditors, and others interested in the real estate industry, Real Estate Accounting Made Easy is essential for a clear, concise explanation of real estate accounting and finance.

About the Author

OBIOMA ANTHONY EBISIKE is an economist, certified public accountant (CPA), and a chartered accountant. He holds a PhD in Economics (with honors) from The New School for Social Research, a Master's degree in Real Estate Finance and Investments from New York University, and a Bachelor's degree in Accounting (Magna cum Laude) with minors in Finance and in Economics from The College of Staten Island, The City University of New York.

Dr. Ebisike has extensive work experience and has held senior management positions at industry leading firms, such as Douglas Elliman Real Estate, ICON Investments, Hines Interests LP and was an Audit and Advisory Services Manager at Deloitte & Touche LLP.

Dr. Ebisike is a faculty member at the NYU Real Estate Institute. He is also the author of The Fallouts: Banks and Financial Crises. He lives in New York City.