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Statements of Position

1977

Real estate investment trusts; Mutual funds -- Accounting

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Full-Text Articles in Business

Proposed Statement Of Position On Accounting Practices Of Real Estate Investment Trusts : An Amendment Of Position 75-2 ;Accounting Practices Of Real Estate Investment Trusts : An Amendment Of Position 75-2; Exposure Draft (American Institute Of Certified Public Accountants), 1977, Dec. 20, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1977

Proposed Statement Of Position On Accounting Practices Of Real Estate Investment Trusts : An Amendment Of Position 75-2 ;Accounting Practices Of Real Estate Investment Trusts : An Amendment Of Position 75-2; Exposure Draft (American Institute Of Certified Public Accountants), 1977, Dec. 20, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

The recommended accounting for real estate loans and foreclosed properties in Statement of Position (SOP) 75-2, Accounting Practices of Real Estate Investment Trusts, issued June 27, 1975, is inconsistent with certain provisions of Statement of Financial Accounting Standards (SFAS) no. 15, Accounting by Debtors and Creditors for Troubled Debt Restructurings, issued by the Financial Standards Board in June 1977. The accounting standards division believes that SOP 75-2 should be amended to conform its recommendations to the provisions of SFAS no. 15.