How to Transform Traditional Accounting into Management Accounting

1. First of all, we must change our ideas. Some enterprise leaders are not aware of the management function of accounting, so they will not let financial personnel participate in enterprise management and business decision-making. This situation will not only dampen the enthusiasm of accountants, but also hinder the effective play of accounting management functions and further hinder the development of enterprises. Secondly, accountants themselves should have traditional ideas. Accountants also have traditional thinking habits, thinking that they are just an accountant, and the less they know about the major events of the unit, the better. As long as they remember their own accounts and prepare their own statements, they have completed their duties. Leaders who have no courage or consciousness to provide reasonable and effective suggestions have no motivation to participate in decision-making.

2. Have a sense of urgency. To be a qualified and excellent accountant, the first thing is to be able to make timely and accurate accounting of financial data, and then accurately apply the accounting information to management practice. In the future, accountants need to put more knowledge structure and energy into using accounting information to serve economic decision-making. This requires accountants to know not only management, but also accounting professional knowledge, as well as computer technology and Internet technology. In order to better adapt to the requirements of economic globalization, accountants should understand the internationally accepted knowledge of finance, auditing and related laws, constantly improve their professional ethics and professional level, and realize the transformation from financial accounting to management accounting as soon as possible.

3. Improve the application level of accounting computerization. The effective application of management software in enterprises can provide managers and accountants with useful information on the prediction, decision-making, planning, assessment and evaluation of control responsibility in the economic process, which is an effective and good supplement to accountants who only stay in post-event accounting.

4. Financial personnel can also learn management accounting cma. Cma is a certified management accountant in the United States and the first certificate in global management accounting. Cma qualification certificate has become the symbol of global financial managers' professional model since 1970s, and the top 500 enterprises in the world regard cma qualification as the best standard to measure professional standards and professional ethics of professional financial managers. As a shortage of talents, cma has an enviable high income and is highly respected in the global market.