CPAs around the country are being called upon more and more to provide detailed financial reporting, especially for publicly owned corporations including banks, REITS, utilities, etc. Financial statements typically include much quantifiable information, such as the value of cash in the bank, accounts receivable and notes payable. What they typically do not include with as much accuracy, is the value of real estate holdings. In the past, land holdings have been reported at cost while buildings have been reported at replacement cost new less depreciation. These values can be far from Market Value or Fair Value. Financial Reporting and Counseling services offered by experienced real estate evaluation firms can offer accountants help in updating financial statements which more accurately reflect the true value of assets owned by a company.

ELLIOTT® is an appraisal management firm capable of rendering professional Financial Reporting Counseling services anywhere in the United States. Please contact us to discuss how we can help.