- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Preparing Financial Statements - Course 1 - Automobile Dealerships, the Retailing Industry, and the Development of Real Estate for Sale or Lease (PFSTG171)
Recognize how automobile dealerships account for inventory.
Identify considerations for automobile dealerships related to financing and insurance activities, leases, payables, environmental cleanup costs, deferred taxes, and what unique factors may affect a dealership's financial statements.
Identify appropriate inventory methods for the retailing industry and how accounts receivable are treated.
Recognize other accounting issues that affect the retailing industry and what disclosures will be needed in a retailer's financial statements.
Recognize how land development costs are accounted for, the primary accounting methods for sales of residential and commercial real estate, and how to select the best method to account for a sale.
Determine what is appropriate for sale-leaseback transactions, leasing real estate to others, real estate exchanges, impairment, investments in real estate ventures, and how financial statements are affected when real estate is involved.
Lesson 1—Automobile Dealerships
Lesson 2—Retailing Industry
Lesson 3—Development of Real Estate for Sale or Lease