Abstract
With the rapid and sustained development of China socialist market economy, the real estate industry has become the industry part that plays a dominant role in national economy. But the related accounting system of real estate enterprise is not perfect in China and fails to have a full range of coverage, so part of the real estate enterprises will take advantage of the system vulnerabilities to do some illegal behaviors, including manipulating profits, whitewash statements and other violations, especially in the case of income accounting. In this paper, by analyzing the reason and current situation that emerges in the income accounting of the real estate industry in our country, here we will put forward corresponding countermeasures on the accounting income of real estate enterprise, in order to ensure the normal operation and management of real estate enterprises, to ensure the interests of investors, then to stabilize the socialist market economy, and to guarantee the formulation of state macro-control policy.
Highlights
With the rapid and sustained development of China socialist market economy, the real estate industry has become the industry part that plays a dominant role in national economy
By analyzing the reason and current situation that emerges in the income accounting of the real estate industry in our country, here we will put forward corresponding countermeasures on the accounting income of real estate enterprise, in order to ensure the normal operation and management of real estate enterprises, to ensure the interests of investors, to stabilize the socialist market economy, and to guarantee the formulation of state macro-control policy
The real estate industry is an important industry of the national economy, playing a dominant role, and the national accumulative investment has closed to 10 trillion by 2014 in China
Summary
The real estate industry is an important industry of the national economy, playing a dominant role, and the national accumulative investment has closed to 10 trillion by 2014 in China. Income accounting problem of real estate enterprise is paramount: it relates to the normal operation and management of the company, and relates to the investors’ trust and social moral problems, even to social stability and healthy development of market economy. 2. Accounting Standard for Business Enterprises—The Income Accounting Rules of Real Estate Enterprise. 501 is used for accounting operating income earned by business through external transfer, sales, settlement and lease development products, as follows: 1) transfer, land sales and commercial housing, all of them should be seen as a sales. Implementation in current business income, debit “receivables”, “bank deposits” and other subjects, credited subject This should set up the subsidiary ledger according to the categories of business income, such as “land transfer income”, “commercial housing sales”, “facilities sales revenue”, “income from settlement of construction engineering”, “lease rental income products”, etc. Yuan 204 forward, caption of account should has no balance
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