The Role of the Accountant in Real Estate Development
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Role of the Accountant in Real Estate Development
Real estate development is a complex and multifaceted industry that requires the expertise of many different professionals, including architects, engineers, planners, and accountants. The role of the accountant in real estate development is critical in ensuring the financial viability and success of a development project.
One of the main responsibilities of an accountant in real estate development is to provide financial analysis and support for the project. This includes creating and managing budgets, forecasting cash flow, and evaluating financial risks and opportunities. The accountant also plays a key role in securing funding for the project, whether through traditional bank loans or alternative financing methods such as equity crowdfunding.
Another important aspect of the accountant’s role in real estate development is to ensure compliance with relevant laws and regulations. This includes staying up-to-date on tax laws, zoning regulations, and building codes, as well as ensuring that the project is in compliance with local, state, and federal laws. The accountant also needs to ensure that the project is in compliance with accounting standards and financial reporting requirements.
In addition to these financial management responsibilities, the accountant also plays a critical role in the project management of real estate development. This includes working closely with other professionals, such as architects and engineers, to ensure that the project is completed on time and within budget. The accountant also needs to monitor project progress and report on any variances from the budget or schedule, and take corrective action as needed.
The accountant is also responsible for ensuring that the project is economically viable and profitable. This includes analyzing and interpreting financial data, such as cost estimates and revenue projections, to determine the feasibility of the project. The accountant also plays a key role in determining the pricing strategy for the project, whether it’s for sale or rent.
With the increasing use of technology in the real estate industry, the accountant’s role has become more data-driven. This includes the use of data analytics and business intelligence tools to make more informed decisions about financial management and project management. The accountant also needs to be familiar with the latest technologies and trends, such as blockchain and smart contracts, to ensure that the project is using the most advanced and efficient systems.
In conclusion, the role of the accountant in real estate development is vital in ensuring the financial viability and success of a project. The accountant plays a critical role in providing financial analysis and support, securing funding, ensuring compliance with laws and regulations, and project management. The accountant also plays a key role in determining the economic viability and profitability of the project, and stay up-to-date with the latest technologies and trends in the real estate industry. With the increasing complexity and competitiveness of the real estate market, the accountant’s expertise is more important than ever in ensuring the success of a real estate development project.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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The Role of the Accountant in Real Estate Development
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