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The Functional Accounting Guide and Chart of Accounts for Industrial Properties represents the best and most prevalent accounting practices in the industry today. This guide is applicable to all real estate companies regardless of company size or ownership structure. The publication enables property professionals to compare their income and expense line items on an apples to apples" basis. This guide also serves a much broader function by including those accounts needed to recognize such items as current and long-term assets and liabilities, depreciation of assets, amortization of soft costs such as leasing expenses, transactions associated with property financing and balance sheet accounts.