Application of Financial Sharing Center in Enterprise Financial Management

Authors

  • Lu Fang Lu Fang Jose Rizal University, Philippines

Keywords:

Financial Sharing Center, New Mode; Development Trend; Extension.

Abstract

The company will be widely applied to the Financial Sharing Center in finance, accounting and material procurement, which can greatly reduce the company's cost. For the company, standardized system, smooth procedures and high-quality service are the role of the Financial Sharing Center in the internal accounting processing of the enterprise. On the basis of ensuring the accuracy and timeliness of accounting information, it provides strong information support for the internal management of the enterprise and the expected information users outside the enterprise, so that all parties can objectively evaluate the overall situation of the enterprise and make the enterprise develop healthily and healthily in a more transparent and open situation. At the same time, the emergence of Financial Sharing Center also solves the disadvantages of complex accounts and difficult to confirm caused by the large number of subsidiaries and institutions faced by comprehensive enterprises. These group companies can plan the overall development mode and subsequent development strategy on the premise of understanding the overall economic situation, so as to lay a solid foundation for the future development of enterprises. Such models will bring remarkable results in improving efficiency, reducing costs, enhancing internal control, improving user satisfaction and managing resources.

References

Chen Yaping (2012). Thoughts on improving the quality of financial information of administrative institutions. Assets and finance of administrative institutions, 000 (024), 11-12.

Li Jie (2010). On improving the quality of accounting information in public institutions. Management and science and technology of small and medium-sized enterprises (the first ten days), (034), 98-99.

Zhong bangxiu (2012). Research on the construction mode of Financial Shared Service Center of large multinational corporations. Financial and accounting research.

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Published

2021-11-20

How to Cite

Lu Fang, L. F. (2021). Application of Financial Sharing Center in Enterprise Financial Management. International Journal of Management and Education in Human Development, 1(04), 074–078. Retrieved from https://ijmehd.com/index.php/ijmehd/article/view/178