On The Challenge Of Knowledge Economy To Traditional Financial Accounting

Traditional financial accounting is the product of industrial economy. Knowledge economy has many different characteristics compared with industrial economy.

In the era of knowledge economy, the theory and practice of traditional financial accounting based on the industrial economic environment will be severely challenged.

There are two views on accounting objectives: economic responsibility and effective decision-making.

They are all based on the separation of the two powers.

Economic management responsibilities emphasize the relevance of accounting information.

In the era of knowledge driven economy, high technology is the commanding point of the development of enterprises. Innovative enterprises have vitality. Network and communication technologies are widely used in all walks of life. The scope of international capital flows is wider and the scale of capital markets is further expanded.

Under such circumstances, the accounting information system will be oriented to decision making, requiring it to provide all kinds of accounting information needed for all kinds of decisions, so that the goal of providing useful accounting information for decision-making can be better reflected.

Two, the accounting assumption assumes that the accounting assumption has been impacted with the change of the knowledge economy environment.

The main performance is: "the company" and "virtual enterprise" are emerging in the electronic commerce environment. The spatial scope of accounting is not only a real enterprise set up by the traditional accounting entity, but also the boundary of the "enterprise" under the assumption of the accounting entity becomes blurred.

(two) the speed of technological innovation accelerates, the economic life of products shortens, and the risk of depreciation of assets increases. Therefore, it is necessary to adopt a variety of valuation basis in accounting valuation, which will impact on the assumption of continuous operation with a single non liquidation price.

(three) in the era of knowledge economy, the application of computer network technology and database technology in the accounting field and its high speed.

The accurate characteristics provide strong support for the real-time reporting of accounting.

Therefore, the author thinks that the accounting system of non equidistant accounting phases, that is, the combination of real time report and phased report, will replace the traditional periodic reporting system.

In the knowledge economy era, the non monetary information such as the strategic intent of the enterprise, the quality of the employees, and the market share of the products are more useful to the decision of the enterprises in certain circumstances in the era of knowledge economy. Four.

Therefore, accounting is an information system that pays equal attention to monetary measurement and non monetary measurement.

Three, accounting principles, the historical cost accounting principle and accrual basis are the core of traditional financial accounting. This article only discusses the impact and impact of knowledge economy on the two accounting principles.

The accrual basis mainly defines the basis of accounting confirmation from time.

But it does not link the business performance of enterprises with cash flow.

In the era of knowledge economy, the cash flow of enterprises affects the survival and development of enterprises to a large extent. Through the analysis of them, we can evaluate the performance of enterprises, measure the financial resources and financial risks of enterprises, and predict the future of business and finance.

In the era of knowledge economy with knowledge as the main resource, the limitations of historical cost mainly lie in: 1, the progress of science and technology, the improvement of production efficiency, the increase of intangible assets loss, and the financial condition of enterprises revealed by the balance sheet based on historical cost is seriously distorted, thus affecting the quality of the information of enterprise operation results. Two

2, knowledge economy is an intellectual supporting economy, but many knowledge related, no physical form, but can bring the future excess benefits of soft assets, such as human resources, but can not be disclosed and wrapped in accounting statements.

Therefore, the principle of historical cost valuation and other valuation principles should exist in the accounting mode of knowledge economy.

Four, the accounting reporting system is based on the developed database technology under the knowledge-based economy environment.

With the support of network technology and remote communication technology, accounting will give full play to the functions of its information system, provide richer information and more advanced means of submission.

Under the circumstances of knowledge economy, accounting recognition and measurement are diversified, and the focus of accounting is pferred to intangible assets such as knowledge resources. Therefore, the framework and elements of accounting reports will change greatly.

The information provided includes not only monetary information but also non monetary information, both historical and forward-looking information. Meanwhile, the information disclosed outside the table will be more detailed and sufficient.

There are significant changes in the time and mode of delivery of the two.

In the era of knowledge based economy, there are three ways to pfer accounting reports: 1, "enterprise to accounting information users", that is, enterprises send accounting reports to users who are known, stipulated in contracts or required by law.

2, "enterprise accounting information users", information users or potential information users visit the website of enterprises on a regular or irregular basis through Internet to obtain relevant accounting information.

3, "enterprise to accounting center, information users", that is, enterprises pmit business information to accounting centers, and information users visit accounting centers to get the information they need.

In accordance with the mode of information pmission, the reporting time of accounting reports will be combined with regular and real-time reports.

Information users use real-time and periodic reports to select the information they need to carry out information reorganization and analysis, and use accounting information to be more relevant and clear.

Five, accounting method, internal control and external audit system, accounting automation, leading to the pfer of accounting personnel work focus, business process and accounting process will be reorganized and integrated.

The internal control system and the external audit system based on manual accounting can no longer play its due role. In the face of computer virus, cyber crime, damage to hardware resources, the security, authenticity, integrity, consistency, maintainability and extensibility of accounting information will have a brand-new connotation under the condition of knowledge economy.

How to design the internal control and external audit system under the knowledge economy environment, prevent accounting errors and prevent accounting risks and realize effective control and supervision of accounting information is an urgent problem to be solved.

Six, accounting organization, accounting personnel, knowledge economy era, e-commerce, Internet companies and other new economic phenomena, so that business processes and accounting procedures, accounting organizations should be redesigned.

1 the size of the accounting department will be reduced and the accounting position will also be adjusted.

However, its function will be brought into full play in the case of information collection.

Because of the large amount of accounting work completed by the computer automatically, under the circumstances of knowledge economy, accountants will focus on the financial management and analysis of enterprises, and really participate in the prediction and decision-making activities of enterprises.

Accountants' work is no longer simply collecting and collation of accounting information, but rather making value-added accounting information and creating higher efficiency.

Knowledge economy raises higher requirements for Accountants' quality. Accountants should be highly intelligent compound talents with IT and management knowledge, multiple knowledge structure and innovative thinking.