1. Cash Flow Analysis
1.1. Most important financial statements for a project or business
1.2. Working capital is an important of cash flow analysis
1.2.1. Defined as the amount of money needed to facilitate business operations and transactions
2. Land development process and property development
2.1. Land development
2.1.1. Initiation stage
2.1.1.1. An accountant usually features in this stage to provide advice to the developer
2.1.2. Evaluation
2.1.2.1. Stage where form of market research and financial appraisal guide the developer in making decision
2.1.3. Acquistion
2.1.3.1. Stage where legal investigation of the site on issues such as land ownership and planning permission
2.1.4. Design and costing
2.1.4.1. Stage where preparation of plans and cost estimates for the proposed development is undertaken
2.1.5. Permissions
2.1.5.1. Stage where statutory planning permission from the local planning authority before commencing with the actual development
2.1.6. Commitment
2.1.6.1. Stage where the land development really start to materialize in the form of signed agreements
2.1.7. Implementation
2.1.7.1. Stage when all raw materials of the development process in place
2.1.8. Let/manage/dispose
2.1.8.1. Stage of securing a willing occupier of the end product of the development at the estimated rent or price by way of letting or outright sale
2.2. Property development
2.2.1. Defined as process that involves changing or intensifying the use of land to produce buildings for occupation
3. Land Demarcation System
3.1. Rectangular systems
3.1.1. Capture the overall gains of the 'grid'
3.1.2. High potential market value under the grid
3.1.3. Upfront cost of the RS are relatively lower
3.2. Metes and Bounds
3.2.1. Land was not surveyed prior to occupation
3.2.2. Not governed by a standardized method of measurement or shape
4. Feasibility study
4.1. Real Estate Feasibility
4.1.1. Land survey, building permits, zoning laws, impact on the surrounding environment
4.1.2. Often create before land acquisition and development
4.2. Comprehensive Feasibility
4.2.1. Include data on land acquisitions and real estate issues, economic and cultural impact on the greater surrounding areas, etc
4.3. Financial Economic Feasibility
4.3.1. When company want to know if the proposed amount of capital and financing is sufficient to complete a project
4.3.2. More detail and have more statistics and numbers in the financials
4.4. Marketing Feasibility
4.4.1. Study the market impact and penetration Eg. demographic, target market, product testing and more.