Accounting for Sales of Real Estate

Status

Issued:
October 1982

Effective Date:
For real estate sales transactions entered into after December 31, 1982

Affects:
Amends FAS 26, paragraph 7
Amends FAS 28, paragraphs 3 and 23 through 25
Amends FAS 32, Appendix A

Affected by:
Paragraph 2 amended by FAS 152, paragraph 3
Paragraph 40 replaced by FAS 98, paragraph 23
Paragraph 65 amended by FAS 144, paragraph C9
Footnote 5 replaced by FAS 121, paragraph 30, and FAS 144, paragraph C30
Footnote 34 amended by FAS 135, paragraph 4(n)

Other Interpretive Pronouncement:
FIN 43

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:
SOP 92-1
SOP 01-6
SOP 04-2

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:
No EITF Issues

Interpreted by:
Paragraphs 3, 4, and 6 interpreted by EITF Issue No. 88-24
Paragraph 5 interpreted by EITF Issues No. 86-7 and 85-24
Paragraph 9 interpreted by EITF Issues No. 87-9, 88-12, 88-24, and 01-2
Paragraph 10 interpreted by EITF Issues No. 87-9, 88-12, and 88-24
Paragraph 11 interpreted by EITF Issues No. 87-9 and 88-12
Paragraph 12 interpreted by EITF Issues No. 84-17 and 06-8
Paragraph 26 interpreted by EITF Issues No. 86-6 and 07-6
Paragraph 37 interpreted by EITF Issue No. 06-8
Paragraph 53 interpreted by EITF Issue No. 87-9
Paragraph 54 interpreted by EITF Issues No. 87-9 and 88-12
Paragraph 101 and footnote 33 interpreted by EITF Issue No. 98-8

Related Issues:
EITF Issues No. 84-37, 85-27, 86-17, 88-14, 88-21, 89-14, 96-21, 97-1, 00-11, 00-13, and 06-8


Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides