Abstract

Financing is always a critical factor in construction: compliance with the deadlines for the completion of work, the cost of the object for the customer and the financial result of the developer depend on its organization. The paper deals with theoretical and practical problems associated with sources of housing construction financing in the Russian Federation. The reasons for the transition to using escrow accounts are discussed. The positive and negative sides of this transition are revealed and an assessment of its consequences is carried out. The use of IFRS as the most reliable data source on the activities of construction companies in the Russian Federation is substantiated. Changes in the construction companies financing are analyzed on the base of their IFRS statements. The conclusion is made about the formation of new tendencies in the structure of financing for the activities of large developers. The results of the study can be useful for the heads, managers and accountants of construction companies, as well as for researchers investigating construction financing.

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