Cost Management Accounting

Author: Wang Liyan Liu Zhiyuan Liu Zhiyuan
Publisher:
Publish Date: 2005-04-01
Features: In today's rapidly developing high-tech industry, the application of technological innovation in industrial activities not only leads to changes in the production technology system but also triggers changes in production organization and management, thereby placing new demands on accounting information. This revolution challenges the core issues of cost and management accounting: the cost accounting system must break out of old frameworks and adopt new ideas and methods to provide highly relevant and fully reliable information to meet management needs, thereby addressing the disconnect between accounting information and the needs of enterprise management.
In China's accounting system, compared to the significant reforms in financial accounting, cost and management accounting have long been relatively stagnant branches, with little valuable development in both practice and theory over the years. As a result, we still rely heavily on textbooks from developed countries for teaching content and case studies in accounting education. Of course, the ultimate goal of reference and learning is to develop our own cost and management accounting discipline. This is also the guiding principle of the authors of this book.
Guided by this principle, the book emphasizes both advancement and practicality. On one hand, it strives to absorb and reference advanced cost and management accounting theories and practices from Europe and the United States, providing a comprehensive reflection of the new developments and content in the field since the 20th century. On the other hand, it focuses on practicality by reflecting the successful practices and experiences in cost and management accounting in China, while also exploring the feasibility and pathways for applying cost and management accounting theories and methods from developed countries in China.