The new economic normalcy of management accounting in small and medium-sized enterprises

Journals

Title：
The new economic normalcy of management accounting in small and medium-sized enterprises
Author：
Bing Zhao
Author Affiliation：
School of Economics and Management, Guangxi Normal University of Science and Technology, China
Received：Jun.9, 2023
Accepted：Jul.18, 2023
Published：Jul.25, 2023

Abstract

As China's economic development has entered a new normal, small and medium-sized enterprises (SMEs) are facing great pressure and challenges to survive. Management accounting, as an emerging modern management tool, can enhance the efficiency of enterprise value creation and enable enterprises to sustain sound development. The article starts from the four elements of management accounting, discusses the problems existing in the actual application of small and medium-sized enterprises, and on this basis, proposes to improve the application of the integration of business and finance environment, implement strategic planning at all levels, integrate the tools and methods of management accounting and build a management accounting reporting system and other measures to help small and medium-sized enterprises to build a perfect management accounting system.

Keywords

New normal economy, management accounting, small and medium-sized enterprises (SMEs)

References

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