Traditional Accounting vs. Management Accounting, Why Cling to Management Accounting

? Accounting qualification certificate or will be canceled Transformation of management accounting is imperative

Recently, Anhui, Shandong, Fujian, Liaoning, Hainan and Tianjin Finance Department website issued a message, due to the national accounting qualification examination related policies are being coordinated, since January 1, 2017, the work of accounting qualification examination is suspended. This news is generally concerned by the majority of accountants. According to the Accounting Department of the Ministry of Finance, "on the administrative licensing of accounting qualification clean-up situation", accounting qualification will be canceled. 19 million accountants will be what to do? The transition is inevitable.

In fact, with the accounting qualification management network, information technology, transparency, standardization, accounting certificate management level has improved a lot, the traditional accounting can not meet the needs of enterprises, the accounting industry in addition to the certificate, pay more attention to practical skills. "Bookkeeping accounting" will be "management accounting" transformation, the next ten years, the talent structure of the accounting industry will undergo a fundamental transformation. Middle and low-level financial accountants will be replaced by management accounting talent, initially estimated that 60% of the ordinary financial accountants will be forced to face unemployment or change profession.

In March 2017, the relevant person in charge of the Accounting Department of the Ministry of Finance said in an interview with reporters that, as the Ministry of Finance in charge of the national accounting work of the Department of Accounting, the Department of Accounting to conscientiously implement the State Council to promote the "release of" the reform of the work of the State Council to further change functions, change the concept of raising awareness to increase the vocational qualification The Department of Accounting earnestly implements the State Council to promote the "release of management and service" reform deployment, further change its functions, change its concept, raise awareness, increase the professional qualifications licensing and certification matters to clean up, and continuously reduce the burden of talent and system costs. According to the spirit of the State Council executive meeting and the Decision of the State Council on the Cancellation of a Batch of Matters of Licensing and Recognition of Occupational Qualifications (Guofa [2016] No. 68), the qualification of accounting practitioners was listed as a matter of occupational qualification that was recommended for cancellation. As the abolition of accounting qualifications involves the revision of the Accounting Law, it is necessary to submit to the Standing Committee of the National People's Congress to revise the relevant legal provisions in accordance with legal procedures.

At present, the Accounting Division is actively cooperating with the relevant departments to promote the revision of the Accounting Law. The relevant person in charge of the Accounting Division said that if the administrative license for accounting qualification is abolished in accordance with the statutory procedures, it will no longer be used as the necessary proof of access for engaging in accounting work, but the accounting qualification certificates that accountants have already obtained can still be used as proof of the level of competence. In addition, accountants will continue to participate in continuing education, which is a clear requirement of the Accounting Law.

Currently, there is a great need for talents in the field of management accounting, which can be seen from the relevant policies: the "Guidance on Comprehensively Promoting the Construction of Management Accounting System" points out that, within 3-5 years, a number of management accounting talents will be cultivated across the country; the "Outline of the 13th Five-Year Plan for Accounting Reform and Development" mentions management accounting 23 times, focusing on the need to vigorously promote the development of management accounting, with a focus on the need to promote the development of management accounting. The "Outline of the 13th Five-Year Plan for Accounting Reform and Development" mentions management accounting 23 times, focusing on the need to vigorously promote the construction of the management accounting system, to further give full play to the role of management accounting as a tool for economic development and organizational management, and to cultivate by 2020 30,000 talents in management accounting who are good at financial management, good at management and decision-making.

Thus, the traditional accounting should be timely from the "bookkeeping accounting" out, and then to the "management accounting" transition, which is the future development of the accounting industry trend. The majority of accountants do not because of the abolition of the qualification of the accounting profession and stuck in their ways, to adapt to the development of the times, walk in the forefront of the development of management accounting.