Bluegreen Corp – ‘10-KT’ for 12/31/02 – EX-18

On:  Monday, 3/31/03, at 5:18pm ET   ·   For:  12/31/02   ·   Accession #:  1206774-3-230   ·   File #:  1-09292

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Annual-Transition Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-KT       Annual-Transition Report                             105    766K 
 2: EX-4.12     Instrument Defining the Rights of Security Holders    11     38K 
 3: EX-10.115   Purchase and Contribution Agreement                   54    203K 
 4: EX-10.116   Material Contract                                     56    209K 
 5: EX-10.117   Transfer Agreement                                    62    235K 
 6: EX-10.118   Transfer Agreement                                    60    231K 
 7: EX-10.119   Material Contract                                     18     73K 
 8: EX-10.120   Trust Agreement                                       40    176K 
 9: EX-10.121   Material Contract                                     99    460K 
10: EX-10.153   Material Contract                                     27    115K 
11: EX-10.154   Material Contract                                     27    109K 
12: EX-10.155   Material Contract                                     71    251K 
13: EX-10.156   Material Contract                                      5     23K 
14: EX-10.157   Material Contract                                     64    230K 
15: EX-10.158   Material Contract                                      6     26K 
16: EX-10.159   Material Contract                                     13     52K 
17: EX-18       Letter re: Change in Accounting Principles             1      9K 
18: EX-21.1     Subsidiaries of the Registrant                         2±    11K 
19: EX-23.1     Consent of Experts or Counsel                          1      8K 
20: EX-99       Miscellaneous Exhibit                                  1     11K 

EX-18   —   Letter re: Change in Accounting Principles

                                                                      EXHIBIT 18

January 24, 2003                                                                

Board of Directors                                                              
Bluegreen Corporation                                                           
4960 Conference Way North                                                       
Suite 100                                                                       
Boca Raton, FL 33431                                                            

Dear Board of Directors:                                                        

Note 1 of the Notes to the Consolidated Financial Statements of Bluegreen       
Corporation (the Company) included in its Form 10-KT for the nine-month period  
ended December 31, 2002 describes a change in the method of accounting for costs
associated with generating timeshare tours. The Company previously deferred the 
costs associated with generating timeshare tours, a technique used to sell      
timeshare interests, until the earlier of fulfillment or expiration of the offer
period. The Company changed its accounting policy to treat these costs as period
costs. There are no authoritative criteria for determining a 'preferable' method
based on the particular circumstances; however, we conclude that such change in 
the method of accounting is to an acceptable alternative method which, based on 
management's business judgment to make this change and for the stated reasons,  
is preferable in the Company's circumstances.                                   

                         Very truly yours,

                             /S/ Ernst & Young LLP

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-KT’ Filing		Date		Other Filings
Filed on:		3/31/03		10-Q
		1/24/03
For Period End:		12/31/02		11-K,  5,  DEF 14A
				List all Filings