What are the shortcomings of the traditional accounting model?

The shortcomings of manual bookkeeping form are as follows: there are many processing links and the processing content is scattered; The processing flow is repetitive and the data verification work is complicated; Long processing cycle, slow information transmission and feedback, and poor timeliness of financial reports.

Traditional accounting can generally be divided into three parts: accounting, analysis and inspection, so traditional accounting methods are correspondingly composed of accounting methods, accounting analysis methods and accounting check methods. With the improvement of social productive forces and the progress of science and technology, especially the wide application of electronic computers and the modernization of management, traditional accounting methods have become increasingly unsuitable for the changes in the accounting environment, and their shortcomings are increasingly exposed, mainly in three aspects:

1. cannot meet the needs of accounting work in the market economy environment.

The traditional accounting method is adapted to the highly centralized planned economy system, because the enterprise as the accounting subject at that time was only the administrative subordinate unit of the state, and the operating results and financial status of the enterprise were only responsible to the state and only reported to the state. Therefore, the accounting subject simply represents the national interests, and the accounting object (object) can only complete the accounting task by means of accounting, analysis and inspection. In today's market economy system, enterprises operate independently.