The Study On Value Chain Accounting

Value chain accounting is a new field of accounting, which came out on the base of the value chain and value chain management theory, under the background of universal change of both the accounting environment and the enterprise management idea. It is one of the most important directions of the accounting reformation. Professor Yan Dawu, a famous accountant of China, put forward and built the basic framework of value chain accounting.Ever since Pro. Michael E. Porter put forward the theory of competitive advantage and value chain in the 80's of last century, value chain has been applied universally in the practice of enterprise management and become an important enterprise management idea and method. As the develop of IT and internet technology, the traditional value chain theory of Porter has been updating, the theories of supply chain, virtual value chain and value net come out one after the other, value chain management is developing deeper and more extensive as well. They also combine with accounting. Activity-based costing(ABC) is their application in accounting. In this case, Chinese accountants, just like Pro. Yan, have put forward building an system of value chain accounting, built the basic theory framework and got some research production.After expatiate the status quo of value chain and value, chain accounting, this paper has discussed some theories and practice problems of value chain accounting. As to the theories, it has explained the concepts such as definition, object, objective, and function of value chain accounting, and analysed the extension and content of value chain accounting in three dimensions: except for time dimension and space dimension, it hasadded another dimension——gradation dimension, includes cost advantage gradationand difference advantage gradation, at the same time gone deep into the space dimension and make it more all-around. As to the practice, it has introduced some value accounting methods according to the time dimension, including budget management methods beforehand, like Value chain analysis and Activity-based budgets, real time control methods like cost control and ERP, and performance evaluation methods like Benchmarking and Balanced Scorecard.