A Case Study Of Cross-level Centralized Accounting Of Petro China Xinjiang Sales Co,Ltd.

With the deepening of China's economic system reform and the development of globalization of world economy,large enterprises in different countries carry out economic activities in various fields through merger and consolidation.China Petroleum Corporation to promote "a comprehensive,three centralized" financial management model actively in 1999,all the company's subsidiaries are included,accounting locations and staff dispersion,financial staff low labor efficiency,further centralized accounting is imperative.In 2015,China petroleum sales companies require all sales companies to cancel the two-level,three-level accounting subjects,payment and accounting centralized accounts in the provincial capital.The main contents of this paper include the development process and application of centralized accounting at home and abroad,the characteristics of group companies and the necessity of financial centralized accounting of group companies,and the accounting necessity of PetroChina Xinjiang sales company.In the current accounting model is not suitable for the development of the company how to carry out in-depth one-step accounting,the collection of financial data is not a difficult point in the situation where the network information environment which is needed in the centralized accounting is already basic,through the provincial funds centralized payment,centralized cost accounting,settlement business concentration,Financial reporting and other ways to cancel the financial accounting functions of the city company.Concentrated,give full play to the application system functions,solve the difference between space and time,reduce accounting staff.There are some imperfect areas in the operation of centralized accounting,analyze the causes of problems and find solutions,develop new application system to compensate for the lack of system,strengthen the audit and assessment,improve the quality level of accounting staff.After the concentration of accounting,the financial personnel have a large impact,the high concentration and sharing of information,accounting accounting and management accounting separation,financial personnel face transformation,how to transform into a problem that accountants need to consider.It is inevitable that the concentration of accounting and the centralization of business will be uncoordinated,and the concentration of business management should be promoted eventually.After the early demonstration,in the medium-term,careful design and arrangement,constantly optimize the process,and constantly improve the system,the centralized accounting has been successfully implemented.After the centralized accounting,the unified financial accounting system,ensure accurate accounting information compliance,unified capital management and scheduling,increase the efficiency of capital use,integrated management of business flow and approval flow,conducive to financial supervision.PetroChina Xinjiang Sales Co,Ltd.the accounting concentration accounting breaks the idea that the accounting is restricted by the space,the financial data and the business data are seamlessly connected through the system,and the accounting centralized accounting is successfully implemented,which lays a good foundation for the company's future participation in the shared services of the group companies.