Real estate accounting and reporting 2023
Real estate accounting and reporting: The impact of new standards and guidance 2023, designed to assist real estate companies/funds.
The 乐鱼（Leyu）体育官网 Building, Construction & Real Estate practice is pleased to announce the release of our annual publication,聽Real estate accounting and reporting: The impact of new standards and guidance聽2023, designed to assist real estate companies and funds with their financial accounting, regulatory, and compliance reporting requirements.
Following the tradition of this report:
- We provide key reminders for certain guidance including reminders on earlier recognition of credit losses (Topic聽326), amendments to troubled debt restructuring, fair value hedge accounting, convertible debt and contracts in own equity, and cybersecurity rules.
- We look ahead to new standards and guidance, including LIBOR鈥檚 wind down, clarifications to the fair value guidance on contractual sale restrictions, amendments to common control lease arrangement guidance, proportional amortization method election for tax credits, joint venture formations, and the finalization of rules impacting private fund advisers.
- We聽discuss proposed changes from the FASB for income statement disaggregation disclosures.
- As the ESG reporting and regulatory landscape is fast evolving, we provide resources for the latest development in the US and globally.
Following the tradition of this report, we provide insight on key topics including:
1
Accounting reminders 鈥� Effective in 2023 for private companies
- Earlier recognition of credit losses with ASC 326
2
Accounting reminders 鈥� Effective in 2023, or later for certain private companies
- Amendments to troubled debt restructuring, fair value hedge accounting, convertible debt and contracts in own equity, and cybersecurity rules
3
New standards and guidance, including
- LIBOR鈥檚 wind down
- Clarifications to the fair value guidance on contractual sale restrictions
- Amendments to common control lease arrangement guidance
- Proportional amortization method election for tax credits
- Guidance on joint venture formations
- Finalization of rules impacting private fund advisers
4
We are happy to discuss the financial reporting requirements related to your specific situations or objectives in more detail. We look forward to continuing to work with you to effectively navigate this dynamic accounting and regulatory environment as well as support your efforts to achieve your broader business objectives.
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Real estate accounting & reporting 2023
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