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CFO's guide to real estate appraisals
Author(s) -
Konikoff Paula K.
Publication year - 1993
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970050213
Subject(s) - real estate , lease , business , real estate development , corporate real estate , finance , accounting , estate planning , space (punctuation) , capitalization rate , cost approach , property management , estate , real estate investment trust , computer science , operating system
Like it or not, real estate is something we all have to contend with. Even those companies that are not in the real estate business make decisions about land and buildings that affect the bottom line. Whether it is leased or owned, used for office or warehouse space or for manufacturing, real estate ownership or lease positions appear on financial statements. Often, the only way to measure the effect of real estate on corporate performance is by use of appraisals. Therefore, whether your firm deals in real estate, or just leases space for its own use, it is likely that an event will occur that will require the use of an appraisal. Since these appraisals are generally based on financial analysis, when a company does not employ real estate professionals, management of the appraisal process often resides in the office of the CFO. This comprehensive guide can help CFOs make the right decisions.