Research On Internal Control Of Financing Business Of XD Real Estate Company

As a pillar industry of the country,the real estate industry has always played an important role in the development of the national economy.According to the data of the China Index Academy,the national real estate sales amount reached 13.37 trillion yuan in2017,accounting for 16.3% of GDP.Real estate enterprises are capital-intensive enterprises,and their dependence on funds is extremely high.The financing business provides necessary support for the development of real estate enterprises.Therefore,it is very important to strictly manage the financing business.In this context,the internal control of the financing business is particularly important.The perfect enterprise rules and regulations and internal control system can effectively reduce the possibility of fraud in the enterprise,and at the same time make the financing plan of the enterprise more scientific and the capital structure more healthy.The cost of raising funds is lower,which reduces the risk of financing for enterprises and promotes better development of enterprises.XD Real Estate is a large real estate company headquartered in Beijing.Its main business is real estate development.At the same time,the company is also involved in commercial real estate management,property services and real estate professional services.In recent years,as the company's real estate development projects continue to increase,the amount of funds that need to be raised is increasing,making the company's current asset-liability ratio high.In 2017,the company's asset-liability ratio reached86.01%,higher than the industry average.The company's capital structure is unreasonable,and the company's financing business costs are also high.Therefore,the company now urgently needs to improve the internal control of the financing business to solve the problems in the financing business.This paper mainly analyzes the internal control of the current fundraising business of XD Real Estate Company by means of literature research method,case analysis method and the combination of theory and practice.Firstly,it expounds the research background and the significance of the topic,and sorts out the domestic The research results and related concepts and theories on the internal control of the financing business provide the basis for the case study below.After that,the basic situation of XD real estatecompany,financing method,financing structure,fundraising business establishment,and internal control status of fundraising business were introduced.The problems of internal control of XD real estate company financing business were explored,mainly the financing plan was insufficient.The problems are not strict,the cost of financing is too high,and the supervision is not in place at the later stage.Based on the five elements of internal control,the problems are analyzed in depth to find out the cause of the problem.Then,in view of the internal control problems and reasons of the previous section XD real estate company,the proposed improvement suggestions were made to help XD real estate company to further improve the existing internal control system of financing business.Finally,the conclusions,shortcomings and The outlook for future research on this issue.