The change of management accounting role and the importance of enterprise strategy implementation

Management accounting has fundamentally changed the breadth and depth of its participation compared with traditional accounting, whether from the change of its role in enterprise management activities or from its own functions. The business activities of enterprises can not be separated from the support of management accounting. With the intensification of market competition, the role of management accounting will become more and more important.

Strengthen core functions

The change from accounting to management is the strengthening of core functions.

Control function develops forward.

The transition from post-control to pre-prevention means that the control function is moving forward.

Function conversion

From simple business accounting to risk control, investment decision-making, and fund management from grass-roots to high-level, from simple to complex.

integrated management

The shift from single post-event analysis to comprehensive management of business activities is a horizontal and vertical expansion of management scope.

Importance of enterprise strategy implementation

The importance of implementing business strategy: financial evaluation of the efficiency of all business activities; Assess the benefits of all business activities; Provide professional evaluation model and information basis for scientific, reasonable and economic decision-making of enterprises; Put forward the enterprise management risk control plan and organize its implementation; Evaluate the effectiveness of implemented activities and decide whether to improve, innovate and give up.