Integration Of Financial Accounting And Management Accounting

The theoretical basis of convergence is that both financial accounting and management accounting are closely related to each other in their actual work, and they complement each other, permeate each other and complement each other.

Therefore, we should seek the mutual reference and application of the two in enterprise management and service, and strive to obtain the dual needs of management and Finance with the lowest human financial cost.

Under the condition of knowledge economy, with the rapid development of information technology and network technology and its wide application in accounting, the further integration of financial accounting and management accounting is not only necessary, possible, but also has its specific theoretical foundation.

1., the essence of financial accounting and management accounting is a kind of management activity, which is the theoretical premise for the integration of them.

2., the identity of financial accounting and management accounting objects is the objective basis of integration.

3. consistency between financial accounting and management accounting is the main reason for convergence.

Several ideas about effective integration are put forward by 1., which ensures the effective integration of management accounting and financial accounting from the collection of basic data.

For financial accounting, the collection of basic data is essentially the process of accounting recognition and measurement, and the filling of accounting vouchers. In essence, model operation is the compilation of accounting entries, and the ledger, general ledger and accounting statements of financial accounting can be regarded as the result of model operation.

For management accounting, the collection of basic data is the selection process of raw information in the management accounting cycle. The computation of models is the process of computation, comparison and difference analysis, and produces corresponding reports.

Although there are differences, the starting point of both is the business activities of enterprises.

Therefore, the basic data of financial accounting and management accounting can be compatible by merging original information sources.

2. the refinement of the accounting foundation and the new design of the financial data format are the precondition for the integration of management and accounting.

Design accounting voucher and make it an original information collection tool shared by financial accounting and management accounting.

Accounting voucher is the source of information collection, selection and classification. It is the basic information source for all accounting work and management accounting application. It is also the most basic information source of database management. It is the medium of financial accounting and management accounting.

It is difficult to meet the needs of the accounting documents existing in monetary units, which are recorded only by financial accounting and credit. Therefore, it is necessary to redesign the recording form and input mode of accounting vouchers.

The changes of accounting voucher recording form are mainly reflected in two aspects: first, increase the statistical information code or category column on the basis of the original financial accounting subjects, so as to prepare for management and accounting work on the basis and avoid repeated screening in the future.

The two is to increase the reserve information bar to record the non monetary information needed by management accounting.

According to needs, the author suggests setting up accounting books and two sets of account books for management accounting.

Its data sources are accounting vouchers, accounting books are set up according to accounting requirements and generated by credentials.

Management accounting books are designed according to the management needs of each unit and generated according to the category of statistical codes in accounting vouchers.

Accounting statements and management accounting statements are generated according to their respective account books.

Financial accounting mainly includes the balance sheet, profit and loss statement, cash flow statement and the format of the account books and the corresponding calculation formula. Management accounting is mainly to establish management accounting standards and corresponding analysis and calculation models.

To sum up, I believe that the establishment of accounting system that integrates financial accounting and management accounting is not only suitable for China's current national conditions, but also has its operability.

To do the above work, first of all, leaders should attach importance to the role of management accounting in enterprise decision making.

Practice has proved that the importance of the leadership of a business to management accounting directly determines the future of management accounting development.

Then it determines the ups and downs, success or failure, and survival and development of enterprises.

Secondly, we should strengthen management accounting education and improve the quality of accountants.

The specific practice is to set up a general management accounting course, so that all accountants and other economic workers can understand and understand management accounting and cultivate a group of professionals who are quite proficient in financial accounting and management accounting.

Only by doing the above work well, can the system of financial and management integration be brought into full play and applied in order to serve the enterprises better.