Study On The Financial Sharing Model Of Petrochina Bohai Drilling Based On The Integration Of Business And Finance

With the advent of the Internet and the era of big data,shared services in the field of finance have come into being.Financial sharing refers to the extraction of a large number of repetitive financial accounting operations from each branch of a group company and bringing them together in a financial sharing centre,which provides management services for each branch through a simulated market-based approach.The integration of industry and finance refers to the organic integration of business and finance departments within the company,and the organic integration of enterprise financial management and business management through information technology.The construction of a financial sharing model under industry-finance integration can complete the overall optimisation of the company’s financial management system,thereby improving financial management efficiency and promoting the transformation of the entire company’s financial system.Since its establishment in 2008,Bohai Drilling has been influenced by the traditional financial management model of domestic enterprises and lacks a unified group financial management system and standard,thus the change of its financial management model is of urgency and importance.Firstly,the thesis compares the relevant domestic and international literature,clarifies the research direction of the thesis,and elaborates on the relevant concepts and theoretical foundations.Secondly,the thesis analyses the basic situation of Bohai Drilling and the current situation of its financial management model and business processes,and summarises the problems of the company’s financial management model on the basis of the company’s financial reports and organisational structure.Afterwards,through the design of organizational structure,business process design and information system design,a new "four-in-one" financial management model was built to solve the financial management problems of low integration of business and finance and poor internal control of the company.The project will serve as a reference for other enterprises in China that have not yet set up a financial sharing centre but wish to do so,as well as those that have set up a financial sharing centre but are less effective in implementing it,in terms of the establishment and operation of the financial sharing centre and the transformation and change of the financial management model,thereby promoting the continuous improvement of the overall financial management of domestic enterprises.