2019The Frontiers of Society Science and TechnologyRequires access

The Transformation and Development of Financial Accounting to Management Accounting in the New Environment

Linyuan Zhou

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Abstract

In the new economic situation, the transformation of financial accounting to management accounting has become the development trend of enterprises, and the advantages of management accounting are increasingly prominent. More and more enterprises begin to attach importance to the function of management accounting. Therefore, based on the understanding of the relationship characteristics and necessity of financial accounting and management accounting, this paper discusses the difficulties encountered in the transformation from financial accounting to management accounting, and gives the corresponding solutions. It also analyzes the role of industry finance integration model in the transformation from financial accounting to management accounting, which can provide the basis for the sustainable development of enterprises.

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What this paper is about

In the new economic situation, the transformation of financial accounting to management accounting has become the development trend of enterprises, and the advantages of management accounting are increasingly prominent. More and more enterprises begin to attach importance to the function of management accounting. Therefore, based on the understanding of the relationship characteristics and necessity of financial accounting and management accounting, this paper discusses the difficulties encountered in the transformation from financial accounting to management accounting, and gives the corresponding solutions. It also analyzes the role of industry finance integration model in the transformation from financial accounting to management accounting, which can provide the basis for the sustainable development of enterprises.

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Available abstract

In the new economic situation, the transformation of financial accounting to management accounting has become the development trend of enterprises, and the advantages of management accounting are increasingly prominent. More and more enterprises begin to attach importance to the function of management accounting. Therefore, based on the understanding of the relationship characteristics and necessity of financial accounting and management accounting, this paper discusses the difficulties encountered in the transformation from financial accounting to management accounting, and gives the corresponding solutions. It also analyzes the role of industry finance integration model in the transformation from financial accounting to management accounting, which can provide the basis for the sustainable development of enterprises.

Key concepts: Management accounting, Accounting management, Accounting, Accounting information system, Business, Cost accounting, Financial accounting, Project accounting

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