tailieunhanh - New On The Horizon: Revenue Recognition For Real Estate Investment And Development

The investors issue various types of funds and more than 60% of investment focuses are in Islamic, Bond/ Income, Equities and Aggressive/ Growth. The investors’ overall perception towards LPTs and investment strategies on LPTs are shown in Table 1 below. 85% of investors (18 respondents) have neutral perception of LPTs, out of which 52% may consider but 33% of investors will not invest in LPTs in future. Only 5% of investors have previously invested in LPT but is not seeking for further investment. In summary, the study tends to agree with Shun (2004) that. | FEBRUARY 2012 cutting through complexity Real Estate New on the Horizon Revenue recognition for real estate investment and development KPMG s Global Real Estate practice Through our global network of member firms KPMG has regular involvement throughout the asset and investment lifecycle and offers experience in working with all levels of stakeholders across the real estate industry. Our real estate professionals focus on providing informed perspectives and clear solutions drawing experience from a variety of backgrounds including accounting tax advisory banking regulation and corporate finance. Revised proposals will impact revenue recognition for real estate In November 2011 the IASB and the FASB published a revised joint exposure draft on revenue recognition the 2011 ED . The proposals issued in June 2010 the 2010 ED were revised to address a number of concerns expressed by constituents including entities in the real estate industry. The revised proposals will have a direct impact on many common transactions in the real estate industry affecting both developers and investors. Notably the 2011 ED features new criteria for recognising revenue over time and includes an example illustrating the application of those criteria to sales of residential real estate. However a key concern remains as to whether the revised proposals are clear enough to be applied consistently across the industry. This publication focuses on the issues relevant to real estate entities other issues relevant to the building and construction entities are covered in our publication New on the Horizon Revenue recognition for building and construction. For a fuller discussion of the revised proposals see our cross-sector publication New on the Horizon Revenue from contracts with customers. Key impacts The criteria for identifying separate performance obligations have been revised introducing a clearer test to determine when the land and building elements of a real estate transaction should be .