This document provides an overview of management accounting practices in the real estate industry. It discusses total revenue and expenses for various real estate development companies. It also examines their cost structures, categorizing expenses as fixed, variable, or semi-variable. The document then explores different cost objects and costing methods like activity-based costing that can be used to map expenses to activities. Finally, it outlines various cost drivers that can affect costs throughout the real estate value chain such as rising material costs, labor shortages, and changing environmental regulations.