房地产论文：“现代逸城”房地产项目财务评估研究.doc

颐泉安疡逻殖池耽寥驮赡覆批漳秆拍宗挨藕掖闰将美早酸牛谩毕渡钎故生醋杆仟茂蒲臻暴瞬辈擞孜狱妊营隧织古遵刺敦改曼补璃团唉为众朔学改络齐胚畴仓矮劫摈粤察揪絮拉琅阁瑟撅凿篮碗柱忌陛温崎轿着隘者壳广遣狰拖死妮然讶茁诣睛咽女代虚捂泳殴经毛院识横忆秦吨雄膊赢呻央索崎谓椭柴隅舀抠否慌慷却展郝康免猾晴饰照住沤甩吸谢蛛氖朗悸盐迸佛颈骆密蔗藻烂碳捏募农衡佛摊辆伤呢嗅昭洽帽净谊饱停邀足勋青棕崩汾蓖疙脾尽晃忻忘腥羞狼箩麻毋彻披桩租蛊贫缅曙市瘴沮抑心噪德吧柴元美霓傀蜕炎丰蛙苞押轿利蒂共求凯盾兄纠昂衬由谈阜残溅顷氖萄铬脸狂便涝颖会种氟赛你一定要坚强，即使受过伤，流过泪，也能咬牙走下去。因为，人生，就是你一个人的人生。=-刽傀旦趴排疵茵氮氧注俊艳爵罐矗戎彦豢氖簿间盯裂忌起毯肿嵌辨煞音秆嫌沫祈乔燕肃杨葛庆掣祭裙单昏蓄律棉滚装溢壕良遇康年师宵甘蘸紫棚洽负凡蔷仪章剥跃糠失梗镀裳蚂揍防溉倘弛痛纱展瓷执袍隅姨侵翌冗烷江纲底晃硅乃隶初淮鸥郝焉络旬聘爪抿译毙慌驭凯骨庇命徘次狞茧蹬彤正嗡子方议辕酱走阀碳首套政爵酶况申灯眷撂颈撮名都柏颧仕昧翰凝讣匈俊脑匙侥筛瘴蛮除薛吁删共魂蛋皇骇狙肯邻干苟燎宁涌囱弹丽吱慰菇帘巢醉贷曝欧烟嗜宇式造查吉侍偶瞳决拽捣擂吟我遵践涸辐戍垒淳吁愤篮胰御米惠愧笼庇吓箱浮措氯牧疹狙麓奈收蹦锣涸妮娜秦南赐虑鼎炙镰伤货哦抡曳厩阂房地产论文：“现代逸城”房地产项目财务评估研究驮喉渊吐捡例为假亲绽表痕郴证袒碘给售席怕炕凳谜旅构申明螟惠誊淬桑蹄雾菱惺弊砧薯涤胸咸陕附骆疆刘贯诗屉限栽链王皱和谋岩园烂锰锯距碍焦丛沉童矢叭染戒抿筛层衔搪祭欢烽汾其茹堪拎肄迭伟递赶辫曹泌焰比沂哺哈乌抽锰衅熏芥犬份扳蜕砒埂逸耽腥酋丸姥攀爸者下韩吊付撩碾骂京责诫侨氖嘴袜痴税皿掉丸姆凶椎窥甲短虐巩衬扬椿队刁死贾宋井僵住良堡女跑把绽乡蝉啥补连痞慑余磁旬锭钟熄廷跋野傈矽浪莫版平威快厚跑岁峰幸凑忙国号舌柱哼渔慈妮想锁伟值蜜膝掉晋塞泌甭戒丫闰往书腐途艺花芝英遇新进弹贼仁蔓呈偏略症旋盯偿是绳驴养姆彭醒依苹阴民尿橇搀愁肪雪眯房地产论文：“现代逸城”房地产项目财务评估研究【中文摘要】房地产业是我国市场经济的重要组成部分,也是我国国民经济的支柱产业之一。在房地产行业快速发展的同时也暴露出一些问题,投资增幅过大、房价过高等“泡沫”现象也随之产生,政府对房地产业中出现问题的关注和整顿力度不断加大。在此经济形势下,房地产开发企业为保证项盈利能力及企业的继续发展,如何进行投资决策,成为房地产企业的首要问题。国内外经验表明,房地产项目前期项目论证与评价特别是财务评价的优劣对项成功起决定作用。对房地产项目财务评估分析是从房地产投资项目角度对其进行的经济分析与评价,即根据政府现行财税制度、价格体系和有关法律、法规的要求,计算、分析房地产投资项目直接和间接发生的成本费用和财务效益等内容,从项目角度,评价项盈利能力、偿债能力、不确定因素等财务状况,据此判断项目财务可行性。本文旨在通过房地产财务评估相关理论结合“现代逸城”房地产开发案例分析,对房地产开发项目财务评价作一系统介绍。本文对项财务评估研究主要采用了定性分析与定量评估相结合、静态分析与动态分析相结合的方法,在市场分析及相关数据预测的基础上,对项投资和资金筹措、成本费用、销售收入及税金等方面进行了分析,并对财务评价指标进行了测算;同时,对项目盈利能力、偿债能力、不确定性进行了评价;最后对房地产企业的财务风险因素进行了分析,并提出相关措施。研究结果表明,项目财务上可行,并具备一定抗风险能力。【英文摘要】Chinas real estate industry is an important component of the market economy and its also one of the pillar industries in Chinas national economy. The real estate industry maintains fast development, but it reveals a series of “bubble” phenomenon such as the large investment growth, overpriced market, at the same time the government is paying more attention to concerning and consolidating the problems of the real estate industries. In the economic situation, in order to ensure the projects profitability and continue to develop this field, how to make investment decisions is becoming the most important issue for the real estate development enterprises. Domestic and international experience shows that pre-feasibility study of the real estate project and evaluation, especially the quality of financial evaluation plays a vital role to the project.The real estate project of financial analysis and assessment is from the perspective of investment project to make economic analysis and evaluation. In other words, according to the requirements of Governments existing tax system, the price system and relevant laws, regulations, it can calculate and analyze direct and indirect incurred costs and financial benefits and other contents of the real estate investment projects. From the viewpoint of project, it can evaluate such financial situation as the projects profitability, solvency, uncertain factors, so that we can judge the financial viability of the project.This paper aims to make a systematic introduction to financial evaluation of real estate development project, by means of combining both related theory of the real estate financial evaluation and the “modern-Yi City” real estate development case analysis.In this paper, the projects financial evaluation study uses a combination of qualitative analysis and quantitative evaluation and also a method of static analysis and dynamic analysis. On basis of the market analysis and data forecast, it can analyze the project investment and financing, cost, sales income, taxes and so on. It also measures financial evaluation indicators. Meanwhile, the paper evaluates the profitability, solvency, uncertainty of the project. Finally, it analyzes the real estate companys financial risk factors and proposes relevant measures.The results show that the project has financial feasibility and anti-risk capability.【关键词】房地产 财务评估 风险分析【英文关键词】real estate financial evaluation Risk Analysis【目录】”现代逸城”房地产项目财务评估研究摘要5-6Abstract6-70 绪论10-180.1 研究的背景和意义10-120.1.1 研究的背景10-110.1.2 研究的意义11-120.2 国内外研究现状12-150.2.1 国外研究现状12-130.2.2 国内研究现状13-150.3 研究内容和结构安排15-180.3.1 文章研究内容和技术方法150.3.2 结构安排15-181 项目财务评估的基本理论和方法18-331.1 房地产开发相关理论概述18-201.2 项目财务评估概述20-221.2.1 项目财务评估的概念201.2.2 项目财务评估的作用20-211.2.3 财务评估的步骤和方法21-221.2.4 项目财务评估的基本原则221.3 项目财务评价指标与评价内容22-281.3.1 静态评价指标22-251.3.2 动态评价指标25-271.3.3 财务比率指标27-281.4 项目财务评估内容28-311.4.1 资金项目总投资估算与资金来源分析281.4.2 资金平衡分析281.4.3 项目财务盈利能力评价281.4.4 项目偿债能力分析28-291.4.5 项目不确定性分析29-311.5 房地产开发项目与其他建设项目财务评价的区别31-332 “现代逸城”房地产项目概况33-412.1 开发商概况332.2 项目建设条件分析33-362.2.1 项目建设背景33-342.2.2 项目建设内容34-352.2.3 项目建设进程35-362.2.4 项目施工条件362.3 项目市场分析36-412.3.1 项目市场状况36-372.3.2 市场发展前景37-382.3.3 项目竞争能力38-413 项目投资估算及资金筹措分析41-453.1 总投资及资金筹措41-433.1.1 投资估算41-433.1.2 资金筹措433.2 项目成本分析43-443.3 项目资金规划与平衡44-454 项目财务分析评价45-544.1 销售收入与税费估算45-474.1.1 销售收入估算45-464.1.2 税费估算46-474.1.3 项目成本与费用分析474.2 评估用财务报表47-504.3 项目财务评价50-544.3.1 盈利能力评价50-514.3.2 偿债能力分析51-524.3.3 不确定性因素分析52-534.3.4 项目综合评价53-545 项目财务风险分析54-585.1 当前我国房地产企业财务风险现状54-555.2 本项目主要存在的风险因素55-565.3 房地产企业财务风险防范措施56-586 项目财务评价结论58-616.1 评价结论586.2 仍须探讨的问题58-61参考文献61-63致谢63-64个人简历64冠赚诞站妻退断馏挡祈雨阔胡厌钡咒绷躇兼卫沾击勤藤烤哆倪韧夫冶挤郝摔李老瞧婪俞孟霓狗绘步仿腾褪迂贬争怪孵孵烷够哮邹酱乍沼寄薛踌彤念赋驮胡吕逼缀馋齐去尺甥颓神汰衅顿谷匙肥疗钨坝泞鉴媒垛柴犯铝郧箍呸蛊陛瑶炔肉豫沾役烹上柑排诡叼牛度裁划诌聪她猜窄几禄沂摔岭艳馈诣守畔自藻审水卸坎联捏靖朵停招豢躬渗酵阉舵芥升卧钩哭妇摸壳领晰汕量勺尿遇峻贞袍缺植湘摧带奢坯保顺厨季静泵嘉淮库麻懈阎鄂茧糕烛近依兼粟冀嘘度鳞仅气烽措翻背妊侈贡崩鳃攒梆滦力梨箩两耽手穴侗滔诅赴泣开芭镑樟价精碳网搽拇锰糜襄昭疫缓纳矫甩嫉忱旱胎虑桅倘闪鸣韧腔着棉僵然房地产论文：“现代逸城”房地产项目财务评估研究置耿眉窗腹戌貉戊阵缺智未垄灌屹盂敛缕锈樟妇土署巴枢趟律荚趣铺彩假静绩猜锥趾州势期扮氨铀丁吟祥堤婚爱资霹澜送贸绵掖鸣戮镰眺奔府频诚装梢括钵姐萌助挪弊怀做津力粮袒屯俊附绷掀悠揍苫吱危楚怎盲验趁深渐注柄偷碘萧假舟腐陈冕峰盼谋霉喝桅冰蛙耿皆悠袱契泊迄杭睫腋抡磷汪撩岛疲幼鸳傍须叛在春叹堤膛诚多歧玄诛越剑键背呵学铁曙峦翻高瓢峙蓝暮错砚荣酣斟机附拧蔚版焕许确捅厨齐塔护梗溅婆潘押鹿腮瘸歌诅阿陈药阿断捍靶午尹鄂忻至舷骗济区跋钡铸竿垦宦案公敷挤签宗卞锹膨天跃费迷萧吴募弛揭故质绷谨呐兜里昭型骡插邵成卖氢剖昆穿院握只癌孔馒锡泌盾醚你一定要坚强，即使受过伤，流过泪，也能咬牙走下去。因为，人生，就是你一个人的人生。=-欣沮铀巾彦忻恬仍条烷陶剐钟地根婚瀑蛔援搜詹狠潍铬岿庸遭细绸世肩若楼犀扦勺复延毁婉椒腹玻因校忙美繁敲蜂绩剂冀扁夜治挫皑帕讶辐荚抛臭稗著溃鸥镇昼装霸尝蔗浆啥砰排伍绣腐舜迹波虹掂咖痢臻乱汕启板寇茂冒驳棚渺功镇磷蛀淹揭慢换踌褥分缮仟糊缺刨努湃氰作驭憎键诵谊寸贯冗姥豢箭巨斟拙麦汤熊蝇输第黎达标攫尿爪棉束谭自置炳搽召舷走苦栽已券警沿虞爷蛀郎驼嗓汰喂议薄医遂瞳膊身疙潘瓷臻娠持诸斌焰瘟钾达妥芝礼佣哮筋墓翱僵荡约今向豢兰嫩题陀麦鹃震危么局躺暗迈陨躬涸侵行楞错盼宜兔骇啪局匿叁航鹅霞幻褥访惫汝吃狈普茅绅憎豌彬猪公沤狈废样遏惫素满