Real Estate Accounting is Complicated but Dangerous to Ignore

Changes are coming in the world of real estate accountancy, some of which could have an enormous impact on a firm's balance sheet. To anticipate them, and the other complicated rules of accountancy, firms like the Bethesda, Md.-based Reznick Group are finding their services very much in demand. David Kessler, CPA, who serves as the co-managing principal of Reznick Group's Bethesda office and chair of the firm's National Commercial Real Estate Practice, has been providing audit, tax, and management advisory services for over 26 years. Kessler spoke with Bloomberg BNA's Kevin Lambert about guiding clients through the shoals of accountancy, and why we are laboring under one of the “big balloons of uncertainty.”