Accounting Committee

To enhance the consistency, transparency, and verifiability of accounting and reporting for institutional real estate assets held in a fiduciary setting. 

In order to accomplish this, the Accounting Committee reviews, develops, documents and promotes standards for accounting and reporting of these real estate assets (both individually and at the portfolio level) with the intention to supplement and in some cases, clarify, but not replace other established standards from authorized bodies, including but not limited to US GAAP.  Member involvement with the standard setting and updating process is encouraged.  The Accounting Committee also monitors the actions of applicable standard-setting and supervisory agencies and works with the Reporting Standards Council to ensure the entire organization is aware of these agencies’ activities and as appropriate assists the Reporting Standards Council in communication with these agencies. 

Finally, the Accounting Committee provides members with tools and/or resources created through the collective efforts of the membership, and supports the activities of other NCREIF committees by supplying information and research when appropriate.

Committees