GRR and Associates
Listing Description
What regulatory compliance requirements should real estate companies be aware of?
Real estate companies need to comply with various regulatory requirements, such as registration and licensing of projects, compliance with real estate acts and regulations, and adherence to environmental and safety standards.
How can a chartered accountant assist in real estate valuation?
Chartered accountants can provide expertise in real estate valuation by conducting market analysis, assessing comparable properties, and employing valuation methods to determine fair value, such as cost approach, income approach, and sales comparison approach.
What are the accounting considerations for real estate development projects?
Accounting considerations for real estate development projects include recognizing revenue, capitalization of costs, assessing impairment, accounting for joint ventures or partnerships, and compliance with specific accounting standards for construction contracts.