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Financial Reporting Developments - Real estate sales (before the adoption of ASC 606, ASC 610-20 and ASC 842)


This FRD provides interpretive guidance on the accounting for real estate sales. This publication should only be used by entities evaluating sale-lease back transactions if they have not yet adopted the new leases standard, which is codified in ASC 842, Leases. All other real estate sale transactions will follow other guidance, including ASC 606, Revenue from Contracts with Customers, and ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets, which are currently effective for all entities.

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