Your Ask Joey ™ Answer

What is the difference between greenfield and brownfield?

Greenfield and brownfield are two terms that are often associated with investments or real estate. If you are in finance or accounting, you have probably seen a company use these terms when they are describing new stores or locations that were added during a period.

A company may indicate that they added 10 sites or stores during the period, and investors/shareholders would want to know whether they were greenfield or brownfield.

Greenfield refers to a new site development, which means there was nothing there before. A brownfield is similar to a remodel in that existing facilities are used rather than developing new facilities.

For example, if Billy’s Burger Shop built a new burger shop on a nice lush grassy field, that would be considered a greenfield. However, if they converted an old smelly gas station to a burger shop, that would be considered a brownfield.


Back To All Questions

You might also be interested in...

  • How to Write a Research Essay in Accounting

    Writing a research paper will take the student from the start of the process through structuring and mapping your ideas, properly organising your research, exploring writing strategies, and networking- practice that will guarantee the creation of a successful research paper in accounting. No other discipline handling money is as panoramic as accounting for a reason;...

  • Write For Us

    Write For Us Submit your guest blog post! Universal CPA Review welcomes contributors to submit articles for publication on our website. Please review the following guidelines before submitting your article. Due to the high volume of submissions we receive daily, we cannot respond to each one individually. If your article is selected for publication, you...

  • Exams With Essays: How to Prepare Effectively

    “A good essay must have this permanent quality about it; it must draw its curtain round us, but it must be a curtain that shuts us in not out.” Virginia Woolf The essay is the main challenge for students during the exam. When faced with an essay, students most often panic, not knowing how to...