The transformation strategy from financial accounting to management accounting in the new economy
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DOI: 10.25236/iwass.2019.294
Corresponding Author
Li Yarong
Abstract
In recent years, with the rapid development of social and economic level and the continuous improvement of competitiveness of various industries, traditional financial accounting has been unable to meet the needs of enterprises in the current social and economic market. As an important part of the economic growth and development of enterprises, financial accounting can create better economic benefits for enterprises only by combining the development of the times and taking management accounting as the goal of transformation. In this paper, it mainly analyzes the importance of the transformation from financial accounting to management accounting, and explores the path of the transformation from enterprise financial accounting to management accounting.
Keywords
Financial accounting; management accounting; transformation