The core part of management accounting

What is the core of management accounting? Management accounting is a branch of enterprise accounting separated from traditional accounting and juxtaposed with financial accounting, focusing on improving enterprise management and improving enterprise economic benefits. It consists of two parts: cost accounting and management control system. We study the evolution of management accounting techniques and methods from the perspective of history and development, and investigate the changes and development of management accounting at various stages. Combining with the evolution of management accounting research focus and the changing trend of future management accounting work, we try to draw useful enlightenment for the academic research and practical application of management accounting. Management accounting plays an increasingly important role in enterprise financial management activities. In the core concept of management accounting, the creation and maintenance of value are the two most important points. Based on this, management accounting is the most effective tool to integrate enterprise strategy, business and finance. The core content of management accounting:

1. Forecast decision accounting,

2. Plan control accounting,

3. Responsibility accounting. Important contents in management accounting, such as cost pattern analysis, variable cost method, cost-volume-profit analysis, etc., run through forecasting, decision-making, plan control and responsibility accounting. The core of modern management accounting is an economic management activity aimed at the current and future capital movement of enterprises, improving economic benefits and providing scientific basis for management decisions for internal managers of enterprises. Taylor's scientific management theory: the core of Taylor's scientific management theory emphasizes the improvement of production and work efficiency, and requires enterprises to minimize all avoidable losses and wastes in production and operation.

The core of financial transformation is the transformation of financial personnel. At present, the battlefield for financial managers to create value has shifted, and strategic decision support and operational process control are the most valuable areas. For enterprises facing transformation or in the process of transformation, it is a bottleneck to cultivate high-quality talents who meet the above requirements, and the construction of management accounting talent team is particularly urgent.