Many people consider accounting to be a back office function that does not add much value to the development process.  

However, when you begin to spend money on a project, especially other people’s money, financial reporting becomes very important.

Investors ask tough questions and expect you to know the answers, especially on financial matters.  


Consider as you complete this assignment, that the audience really does not have an accounting background, and that this is your opportunity to enlighten them on this often overlooked aspect of real estate development.