<i>Accounting for Real Estate Transactions, Second Edition</i> is an up-to-date, comprehensive reference guide, specifically written to help professionals understand and apply the accounting rules relating to real estate transactions. This 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 US GAAP. Accountants and auditors are provided with major concepts, clear and concise explanations of real estate accounting rules, detailed applications of US GAAP, flowcharts, and exhaustive cross-references of the authoritative literature.
California real estate practitioners should understand that their real estate license actually allows them to operate under an exception to the general rule that people are not allowed to practice law without being an active member of the State Bar of California. In other words California real estate licensees are in effect permitted to "practice law" within a narrow defined field covered by the California real estate licensing laws. This manual will address the scope of permitted activities and how not to cross over the line into areas where an attorney should be involved.
This monograph critically reviews and updates real estate valuation theory, which is based on neoclassical economics, in light of developments in heterodox economic theory. Building on a comprehensive historical account of the evolution of value theory, the book uses new institutional economics theory and critical realism as lenses through which problems in standard valuation theory and practice are expatiated, and as the foundation for an alternative theory. The new theory is employed to explain major problems in real estate valuation that are beyond the capability of the standard theory, such as price bubbles in real estate markets, anchoring bias, client influence and valuation under uncertain market conditions.
Empirical research shows that two thirds - some claim even four fifths - of all acquisitions fail. Bad acquisitions can spell disaster for a company, but if successful, they can lead to healthy growth, enhanced competitiveness and a world market position. Despite the vast amount of academic and practical research on M&A, there are still no adequate theories to explain this continued trend of failure. In fact, although success factors have been broadly researched and are well known, most work still concentrates on them without concomitantly touching upon the necessary governance structure which enables their effective deployment. This is crucial. In order to determine what constitutes an effective board and governance structure, extensive qualitative fieldwork was carried out through discussions with some of the most renowned international CEOs and Chairmen. From this, two in-depth analyses of prominent cases are made, one of extraordinary success and the other of integral failure. The business leaders' management approaches are scrutinised, revealing significant differences between what worked and what did not, and recommendations are derived for improved corporate governance. The author's conclusions sharply illustrate the limits and challenge the inadequacies of current business practice, revealing gaps between mainstream theory and the reality of the boardroom. Due to his innovative approach, the study is praised by practitioners for its additions to strategic management understanding and its provision of effective tools for boards and managers.
This book is a step-by-step estate planning guide for gay couples and lesbian couples. There are individual chapters about estate plans for couples with minor children; couples with adult children; and couples without children. If you already have an estate plan, use the book to evaluate if your estate plan is up-to-date or if changes are necessary. Some of the topics included are: wills don't avoid probate; beneficiary designations supersede wills; a power of attorney terminates when you die; always name an alternate power of attorney; estate taxes (updated to include 2013 estate tax law); a properly funded living trust will avoid probate; how to pick an estate planning attorney; and how a living trust differs from living wills. Forms There are no do-it-yourself legal forms, but there are 10 forms and checklists for download (included in the price of the book)which make estate planning comprehensive, efficient and easy. A Personal Note from the Author "Although I've been an estate planning and probate attorney for 30 years, I'm really in the Peace of Mind business. Once you have your affairs in order, you and your partner will have made things as easy as possible for your loved ones and you will achieve peace of mind. But there's an even better reason - when you have your affairs in order, you've also made things as easy as possible for your partner."
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