Real Estate — Time-Sharing Activities
Overview
ASC 978 notes the following:
The Real Estate — Time-Sharing Activities Topic addresses the unique accounting and reporting issues for real estate time-sharing activities. This Topic includes the following Subtopics:
- Overall
- Statement of Cash Flows
- Accounting Changes and Error Corrections
- Receivables
- Inventory
- Other Assets and Deferred Costs
- Revenue Recognition
- Other Expenses
- Consolidation
- Leases.