Digital Transformation Drives the Upgrade of Corporate Accounting Functions: The Transformation Path from Transactional to Value Management-Oriented
Abstract
The global wave of digitalization has accelerated the process of corporate digital transformation, placing higher demands on financial and accounting management. Since then, accounting work has shifted from the traditional transactional model to a modern value management-oriented model, leading to a transformation of accounting functions. As corporate managers, they must advance their work proactively, empower the modernization and innovation of financial accounting with digital technology, and transition to management accounting to ensure enterprises keep pace with the times. Therefore, this paper explores the current status of corporate financial and accounting work amid the digital wave, identifies the challenges in the transformation of accounting from transactional to value management-oriented, and finally proposes several feasible and effective improvement strategies, aiming to provide more references for relevant practitioners.
References
Li Y, 2024, The Path of Corporate Financial Work Transformation in the Digital Economy Era-A Case Study of Company X. Modern Business Research, 2024(5): 119–121.
Wang H, 2024, Research on the Path of Digital Transformation from Financial Accounting to Management Accounting in the Big Data Era. Accounting Learning, 2024(4): 95–97.
Chen H, 2023, Focus on the “Small Entry Point” of Data Governance to Promote the “Great Improvement” of Accounting Functions-Xiangyang City, Hubei Province Promotes the Quality and Efficiency of Accounting Informatization Reform. New Finance & Economics (Government Finance), 2023(12): 64–65.
Xu P, Wen X, 2023, The Impact and Prospect of the Central Budget Management Integration System on the Expansion of Accounting Functions. Finance & Accounting for Communications, 2023(10): 34–40.
Jin Y, Li C, 2023, The Impact of Large Models Represented by ChatGPT on the Functional Transformation of Accounting Personnel and Countermeasures: An Illustration Based on Questionnaire Surveys. Finance and Accounting Monthly, 44(18): 52–59.
Wu J, 2023, Research on the Path of Accounting Function Remodeling Under the Digital Background: A Qualitative Analysis Based on Grounded Theory. The Chinese Certified Public Accountant, 2023(6): 49–55.
Yu K, 2021, Thoughts on the Expansion and Upgrade of Accounting Functions from the Perspective of Financial Sharing: A Case Study of Government Organizations. Finance and Accounting, 2021(16): 7–8.
Liang S, 2021, Discussion on the Construction of Digital Resources for Accounting Major in Higher Vocational Colleges: A Case Study of Financial Accounting Course. Journal of Yan’an Vocational & Technical College, 35(4): 56–60.
Zhou M, 2019, Establishing a Modern Enterprise Management Model Centered on Financial Management: A Case Study of X Group Enterprise. China Business & Trade, 2019(13): 107–108.
Qi Y, 2017, Deepening Financial Transformation to Promote the Shift of Financial Work from Transactional Accounting to Value Management-Oriented. Accounting Learning, 2017(16), 54–56.
Zhou Y, 2024, Exploration on Low-Cost Financial Digital Transformation of Small and Medium-Sized Enterprises: A Case Study of GC Private Equity Fund Management Company. Finance and Accounting, 2024(22): 45–47.
Wu Y, 2024, Research on the Application of RPA Technology in Empowering Financial Digital Transformation: A Case Study of M Enterprise. Management & Technology of SME, 2024(22), 112–114.
Wang K, Sun Z, Chen P, 2024, The Impact of Digital Transformation on Corporate Financial Performance: The Mediating and Moderating Roles of Corporate Dynamic Capabilities. Management Review, 36(12): 249–262.
Fan Y, Wei W, 2024, Research on the Impact of Corporate Digital Transformation on the Comparability of Accounting Information: The “Inverted U-Shaped” Moderating Role of Executive Equity Incentives. Friends of Accounting, 2024(21): 41–51.
Tang F, 2024, Driving Factors and Paths for the Transformation of Corporate Financial Accounting to Management Accounting. Investment & Cooperation, 2024(10): 132–134.
