浅议新形势下房地产开发企业财务管理——外文翻译

浅议新形势下房地产开发企业财务管理——外文翻译内容摘要：

ity, social labor consumed in large, early, middle, late, at different times to determine the ine, cost control, and to raise funds are different from other panies, because the entire development project there will be some not certainty, in the early and midterm development can be confirmed whether the ine is more difficult to determine, in its handling of housing only after the pletion of delivery, and handle all property certificate before they can recognize revenue. And funds back to the enterprise a long time, for cost accounting, cost control requires continuous period divided according to accounting periods, the entire financial management bees more onerous huge task, but also has some risks, so the financial sector for ine confirmation is more difficult. The cost of financing real estate development panies large. Real estate development panies and general manufacturing panies have very different financial management, real estate development panies in the preterm need to invest huge funds, capital turnover rate is particularly low, a higher debt ratio, which shows that the industry is a capitalintensive industry . From the current point of view, the real estate development enterprise financing has mainly taken the debt financing, especially for larger banks rely on credit funds, loan funds, the larger the corresponding financial risk. Currently, the state of the real estate industry policy regulation more stringent, strict control of bank credit lines for real estate development panies, plus the land policy and contraction of credit policies are making increasingly high cost of real estate financing, the risk of facing funding strand breaks. Budget execution is not in place. The real estate industry is a capitalintensive industry, cash flow for a long time, predevelopment requires substantial capital investment and longterm sustained funding. The key is whether the smooth functioning of capital budget management implementation in place. A mon phenomenon in the real estate business: capital expenditure and construction schedule is inconsistent, not strictly in accordance with the budget planning and execution of the contract, ultraprogress or overpayments for projects。 procedures for disbursement of funds imperfect, lax approval for reimbursement of some of the costs of failure in strict accordance with the provisions of the financial system, leading to unilaterally agreed to pay, resulting in an increase in the use of discretionary funds, eventually deviate bigger budget, affecting the implementation of the budget. If the budget is not in place, the requirements and regulations of the use of budget funds deviation, prone to funding strand breaks, the real estate business will be unpleted projects or bankruptcy. Assetliability ratio is higher, illiquid assets. Investment in real estate development enterprises in the real estate development, when th。