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Challenges Faced by Corporate Management Accounting
- 1 Shanghai Shangde Experimental School, Shanghai, China, 200120
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Abstract
With the rapid advancement of globalization and technological innovation, the field of corporate management accounting is facing unprecedented challenges. This paper delves into the primary difficulties encountered by management accounting in the current environment, including the impacts of technological advancements, the complexities of globalization, and increasingly stringent regulatory requirements. Through a detailed literature review and typical case studies, this research comprehensively analyzes the specific effects of these challenges on corporate operations and proposes practical solutions. These strategies include adopting advanced data analysis and automation tools to enhance the accuracy and timeliness of accounting information; strengthening the cultivation of cross-cultural management capabilities to ensure effective communication and decision-making in diverse cultural contexts; and establishing robust regulatory compliance monitoring systems to maintain compliance in a complex regulatory environment. This paper aims to provide theoretical and strategic references for corporate management accounting practices, helping businesses optimize their management accounting operations, improve decision-making quality and operational efficiency, and achieve sustainable development and competitive advantage.
Keywords
Management Accounting, Globalization, Technological Innovation, Regulatory Compliance, Cross-Cultural Management
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Cite this article
Sun,Y. (2024). Challenges Faced by Corporate Management Accounting. Advances in Economics, Management and Political Sciences,126,25-31.
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Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development
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