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Have you ever thought about how real estate companies book their revenues and how that translates into profit and loss statements?
We discovered that the profitability and sales numbers are different!
#LearningwithIT
Let's take a look!
Thread 🧵
We discovered that the profitability and sales numbers are different!
#LearningwithIT
Let's take a look!
Thread 🧵
Imagine that you are a real estate developer who has just completed the construction of a residential building.
You want to sell the units in the building, but you need to recognize the revenue from these sales in your financial statements in a way that is consistent with accounting principles.
