Research On The Accounting Problems Of Real Estate Company In Our Country

Real Estate Corporation Accounting is an economic controlling system which recognizes, measures and reports real estate transactions to provide useful decision-making to stake holders based on GAAP. According to my experience of Real Estate Corporation, There exist two major problems about Real Estate Accounting: serious unreal accounting information and serious stealing taxes. The reason why accounting information is unreal is that there are not normal regulations about recognizing and measuring revenues and costs. The ways of stealing taxes are as follows: (1) use wrong calculating formula; (2) move legal revenues or not record turnover; (3) hide tax-revenues; (4) increase exploiting cost through soil evaluation; (5) make artificial loan; (6) make artificial investment; (7) use relative transactions to remove revenues; (8) make accounting calculation wrong deliberately. The reasons why real estate companies can steal taxes are that: (1) there aren't normal tax rules; (2) real estate companies have complex society surroundings; (3) exploiting real estate needs too long time and segments; (4) tax authority can't beat unlawful companies seriously. The two problems considering Real Estate Accounting have tight relationship. Last but not least, the paper puts forward some counter ways to govern unreal accounting information: (1) construct complete accounting rules system; (2) divide revenue and cost recognition on real estate transaction; (3) increase closure; (4) perfect corporation governance structure; (5) improve accountants'knowledge. Meanwhile, the counter measures to govern stealing taxes include: (1) encourage ready-made sales; (2) carry"working-number"management; (3) strengthen managing real estate exploiting process; (4) strengthen supervising invoice management; (5) unify real estate companies'accounting report; (6) strengthen punishment of stealing taxes; (7) execute united tax rules; (8) reform and improve real estate rules.