Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Real estate entities have unique financial reporting issues under Accounting Standards for Private Enterprise (ASPE). This course uses exercises and examples to illustrate these issues to provide practical advice for those involved.
This seminar reviews the ASPE standards relevant to the real estate industry, as applicable to both developers and those with income-producing properties. Additionally, participants will discuss the unique accounting issues encountered by builders, developers, and landlords that have direct or indirect ownership in real estate.
Topics Include:
- Accounting for real estate development costs
- Accounting for construction of rental properties
- Interest capitalization and accounting for transaction and financing fees
- Accounting for holdbacks
- Revenue recognition on sale of real estate
- Revenue recognition from rental properties
- Impairment of real estate properties
- Contract modifications and claims
- Determination of cost of sales for properties sold
NOTE: This course description has been revised and reflects updates for 2025. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- September 10, 2026, 8:30 a.m. - 12:30 p.m.
- September 11, 2026, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants will be able to:
- Recognize choices available in accounting for real estate entities and the impact of such choices.
- Identify what costs should be capitalized for properties under development.
- Recognize revenue on real estate properties for sale.
- Recognize revenue from rental properties.
- Draft financial statement note disclosures for a real estate company.
Who Will Benefit
Professionals involved in the preparation of private enterprise financial statements for real estate companies and practitioners who serve private clients in the real estate industry.
Prerequisite(s)
Participants should be familiar with the CPA Handbook – Accounting, Part II Accounting Standards for Private Enterprises (ASPE).
How to Access the Course
This course is delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Richa Khanna, CPA, CA is a partner at RDK Partners LLP, a boutique firm that provides consulting services to small and medium sized practitioners. She assists practitioners in ensuring compliance with their quality control objectives by providing engagement quality reviews, monitoring services and efficiency reviews. She also provides consulting services related to accounting and assurance areas, risk management and ethical considerations and quality control matters. She also develops and delivers training for public accounting firms on topics related to assurance and Canadian ASPE. She currently volunteers as Deputy-chair, Disciplinary Committee at CPA Ontario, as member of Private Enterprise Advisory Committee, and member or Small and Medium-Sized Practitioners Committee at CPA Canada (Audit and Assurance Taskforce).