Research on the application of management accounting in enterprises and the realization of high-quality economic development

Abstract

Management accounting plays an increasingly important role in the management and development of an enterprises because it helps with improving the production efficiency, production economic effects and economic benefits of the enterprise, reducing the cost of the enterprise, and providing useful information for the business decision-making, promoting the sustainable development of enterprises. So the application of management accounting in the business management in China is an inevitable trend of enterprise development. The analysis in this research is based on the previous studies about management accounting, and theories related to management accounting and high-quality economic development, mainly. Besides, the problems with the application process of management accounting in Chinese enterprises are summarized, including the problems with the application environment, management philosophy, and management accounting talents. At last, some feasible solutions to the problems are provided in accordance with the working experiences of the author, including learning from foreign advanced management accounting theory systems to promote the construction of my country's enterprise management accounting theory system, enhancing the propaganda of management accounting among enterprise managers, especially state-owned enterprises, constructing management accounting information system to create an advantageous environment to apply management accounting, promoting the breadth, depth and flexibility of management accounting applications, build a team of high-quality corporate management accounting talents and others. Those suggestions are expected to help Chinese enterprises make the best of management accounting to increase competitiveness of enterprises in the market and and economic benefits of enterprises. Hence, this thesis could provide useful suggestions about how to make the best of management accounting to ensure managers’ accurate decision-making, and the sustainable development of the enterprise in the future.