The Research On The Application Of Activity-based Costing In T Assets Management Company Based On SAP Environment

As an important pillar of national economy and social development,the financial industry has developed rapidly in recent years.In order to meet the needs of different groups of people,financial products are becoming more and more diverse.China’s financial industry has made great progress,at the same time,there is more intense competition in the market,and the market share of the financial institutions is filled with ups and downs.Our country implements the policy of liberalization of financial sector,which means that we not only need to regulate the system to control domestic institutions,but also compete with foreign institutions that has reach the high level in management experience.In this market environment,the more homogeneous financial business is no longer able to monopolize the market,and managers are no longer concerned about market share,but more emphasis on cost management.Focused on the application of ABC in financial enterprises,this paper plan to provide comprehensive and accurate cost information for financial enterprises.Activity based costing originated in the manufacturing industry,and its application in the financial industry is later.But some foreign financial institutions have been successfully implemented and achieved good results.Based on the theory and the domestic and foreign advanced cases,this paper implements the design scheme through the analysis of the necessity and feasibility of operating cost method in financial enterprises,and uses T Asset Management Co as an example to simulation environment of data processing in SAP system.First,the paper analyzes and summarizes ABC theory and SAP system.Through the analysis of the literature at home and abroad,the paper combs the development process of ABC,and introduces its core concepts and accounting principles.Then,design the scheme of implementing ABC in financial enterprises.By analyzing the necessity and feasibility of implementing ABC in T assets management company,the paper designs the system scheme and the process scheme.Ultimately,the paper takes T Asset Management Co as an example,simulates the SAP system to process the data and get the result.Based on the operating status and the problems of cost management in T Asset Management Co,the paper proposes the conditions and rules required to meet in the implementation of activity-based costing,simulates the SAP system in data processing,and obtains accounting results,which are analyzed to come to conclusion.The innovation of this paper is mainly reflected in two aspects.On the one hand,the paper is based on ABC,uses SAP FICO as tools in the implementation,and combines the two to achieve cost control which is more scientific and more accurate than the traditional cost control methods in the cost allocation;On the other hand,the ABC was launched from the manufacturing industry,but this paper intends to apply ABC in finance enterprise and draw the corresponding conclusions and suggestions.This paper will provide data support for administrator and provide the certain basis for the cost management in financial enterprises.