15-Financial Statements in a Brokerage-Chapter 28

28.3 Terminology in Real Estate Brokerage Accounting Understanding financial terminology is essential for managing the finances of a real estate brokerage effectively. This section covers key terms relevant to real estate brokerage accounting, including GAAP (Generally Accepted Accounting Principles), EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), various accounting methods (cash and accrual), and personal […]