Real Estate Investment Trusts (REITs) are unique investment vehicles that provide investors with exposure to income-producing real estate assets. Due to their distinct tax structure and financial reporting requirements, REITs face stringent regulatory compliance demands. The American Institute of Certified Public Accountants (AICPA) established the Accounting Standards Codification (ASC) 972-10 - Real Estate Investment Trusts, which provides guidance on financial reporting and compliance for REITs. In this article, we will discuss the key aspects of ASC 972-10 and explore how accounting software can streamline REIT compliance.
The real estate industry is characterized by complex transactions and unique financial reporting requirements, which necessitate robust and reliable accounting practices. The American Institute of Certified Public Accountants (AICPA) established the Accounting Standards Codification (ASC) 970-10 - Real Estate - General, which provides guidance on financial reporting and compliance for real estate companies. In this article, we will discuss the key aspects of ASC 970-10 and explore how modern accounting tools can ensure real estate accounting compliance.
Mutual funds are popular investment vehicles that pool investors' money to buy a diversified portfolio of securities. As the mutual fund industry continues to grow, it faces increasing regulatory scrutiny and stringent financial reporting requirements. The American Institute of Certified Public Accountants (AICPA) established the Accounting Standards Codification (ASC) 964 - Investments - Mutual Funds, which provides guidance on financial reporting and compliance for mutual fund companies. In this article, we will discuss the key aspects of ASC 964 and explore how advanced accounting solutions can help mutual fund companies master compliance.
Defined contribution plans are popular retirement savings vehicles that offer employees the opportunity to build their retirement nest egg through contributions and investment earnings. The American Institute of Certified Public Accountants (AICPA) established the Accounting Standards Codification (ASC) 962-10 - Plan Accounting - Defined Contribution Pension Plans, which provides guidance on financial reporting and compliance for defined contribution plans. In this article, we will discuss the key aspects of ASC 962-10 and explore how accounting software can help navigate defined contribution plan compliance.
Revenue recognition can be a complex process, especially when dealing with customer payments and incentives. Accounting Standards Codification (ASC) 605-50, "Revenue Recognition – Customer Payments and Incentives," provides guidance on recognizing revenue in the context of these arrangements. In this article, we will explore how modern accounting tools can help businesses navigate compliance with ASC 605-50 and streamline the revenue recognition process.