Order your copy today!
For all REALpac Member Companies, a discount price of $320 for the REALpac ASPE Handbook is available!
To determine if your company is a Member of REALpac, please visit the REALpac website and search the Member Directory, www.realpac.ca > About Us > Our Members (REALpac Member Companies
). If your company is a Member, please contact Deborah Prestwich, Manager, Office Services by email email@example.com
or by phone 416-642-2700 x221 to request the appropriate coupon code to use during the ordering process.
REALpac ASPE Handbook: Recommended Accounting Practices for Real Estate Investment and Development Entities Reporting under Accounting Standards for Private Enterprises
The real estate industry is an increasingly complex one whose only common denominator is that the activities of all entities involved are associated in some way with land or buildings or both. It includes entities that buy and sell undeveloped land, entities that develop land for sale or for construction of their own buildings thereon, entities that construct buildings for sale or for retention as income-producing properties, and entities that engage in a combination of some or all of these activities. Often these activities are carried out through joint ownership arrangements. To further complicate matters from an accounting viewpoint, the accounting may be different depending on the stage of development or depending on the nature of the activities carried on by a particular entity, that is, whether the related asset is held for inventory or investment purposes.
The recent significant changes to GAAP in Canada necessitates the publication of an accounting handbook that addresses guidance for enterprises reporting in accordance with IFRS and one that addressed guidance for enterprises reporting in accordance with Accounting Standards for Private Enterprises (ASPE). REALpac believes that it has a responsibility to provide guidance to the industry on the application of GAAP to enable entities to both reflect the uniqueness of complex transactions and more consistently account for similar transactions.
In order to recognize the need for guidance for non-publicly accountable enterprises reporting under ASPE rather than IFRS, REALpac is now publishing the first edition of the REALpac ASPE Handbook: Recommended Accounting Practices for Real Estate Investment and Development Entities Reporting in Accordance with ASPE. This Handbook blends an understanding of real estate capital and property markets and industry accounting practices with ASPE, to provide readers with a one stop source of currently acceptable ASPE accounting practices for real estate.
For information on subscriptions or to order, please contact the CPA Canada customer service department at 1-800-268-3793 or a sales representative at 1-855-769-0905.
Publication Date: May 2011