How to Accelerate the Development of Management Accounting in China

Youcai summed up the contents of the first report of "China Management Accounting Series Lecture" held by Finance Minister Lou Jiwei on July 3rd, 20654381for China Chief Financial Officers Association. We should regard the reform of management accounting as a basic work to establish a modern enterprise system and a modern financial system.

The next important task for the construction of management accounting system in China is:

The first is to develop a theoretical system of management accounting with China characteristics. It is necessary to integrate the superior resources such as scientific research institutes, associations, societies and enterprises, combine the accounting development practice and enterprise management practice in China, strengthen the research on the basic theory, capability framework and tools and methods of management accounting, explore the sources of new economic phenomena, new problems and new viewpoints, and form a theoretical system of management accounting with China characteristics.

The second is to study and establish the competency framework of management accounting talents in China. Strengthen international and domestic study, exchange and cooperation, and on the basis of absorbing and drawing lessons from western advanced theoretical achievements and practical experience, summarize and refine the competency framework, qualification certification system and evaluation system of management accounting talents in line with China's national conditions. Strengthen the self-discipline of management accounting industry and implement standardized management.

The third is to study and establish a management accounting announcement system. Release the definition, objectives, basic concepts, elements, basic contents, main methods and case descriptions of management accounting, establish a systematic and feasible concept and method system, support theory and practice with cases, guide and coordinate practical work, and promote the continuous development of management accounting theory and practice with the needs of economic development.

Fourth, actively promote the practice of management accounting. In the final analysis, the development of management accounting needs all units to actively use it, accumulate experience in practice and improve management level. To promote the organic combination of management accounting and Industry-University-Research, encourage units to cooperate with scientific research institutions, timely summarize and sort out the practical experience of management accounting, form management accounting application cases, and provide a demonstration for the popularization and application of management accounting.

The fifth is to strengthen the construction of management accounting talents. We should change the concept that accounting is bookkeeping, explore and optimize the training mode of management accounting talents, encourage universities, China Association of Financial Directors and other places to strengthen the construction of management accounting specialty and the training and follow-up education of high-end management accounting talents, and establish a talent pool for the development of management accounting in China.

Sixth, strengthen the construction of information systems. Encourage enterprises to establish management accounting information systems, realize the organic integration of accounting and business activities, and prevent "information islands" from the source. Support accounting software and intermediary agencies to expand into the field of management accounting services, and accelerate the transformation of accounting functions from accounting to financial management, operation and decision-making.