Research On Cost Management Optimization Of S Steel Group Company Based On Financial Sharing

At present,many manufacturing enterprises in China adopt the cost leadership strategy,and the continuous and effective cost reduction is an important part of the core competitiveness of enterprises.The effective implementation of the cost leadership strategy depends on the complete cost management system of the enterprise.By analyzing the existing problems in the current cost management,the paper puts forward cost optimization management measures,which is of great significance for the enterprise to maintain the competitive advantage of the cost leadership strategy.For large enterprise groups,there are problems in the cost management practice,such as inability to accurately obtain the cost information of subordinate units and poor ability to control the cost of subordinate units.How the group company in the cost management of the subordinate units to implement effective control is a major problem plaguing the group management.By analyzing the relevant theories of cost management and group management and control.and combining the current hot financial sharing service mode,this paper studies the optimization of cost management of S iron and steel group company from the perspective of financial sharing.This paper firstly sorts out the literature on cost management and financial sharing,and elaborates and analyzes the theory of cost management,group control and financial sharing,laying a theoretical foundation for the subsequent discovery,analysis and solution of problems.The third chapter describes the business overview and current situation of cost management in S iron and steel group company,mainly introduces the internal and external pressure faced by S iron and steel group company in cost management,and describes the current situation of cost strategy,budget,accounting,control and information construction of the group.By combining the related theory,based on the analysis of the status quo described,we conclude that S iron and steel group company has some problems,such as,failed to effectively integrate resources,lack of cost management control and support measures,the cost of the business process efficiency is low.The root cause of these problems is that the S iron and steel group company did not use the financial sharing services to implement cost management.After reviewed the existing problems in cost management of S iron and steel group company,this paper puts forward the idea of optimizing cost management by using financial sharing service,and puts forward the following suggestions.The company can resolve its problems by establishing the cost management information system with perfect functions,and enriching the cost accounting model and information type,and apply to the management decision-making needs,Using the financial sharing center to support the group’s control over the cost management of its subsidiaries is a best choice.For the purpose of enriching the cost accounting model and information type,this paper puts forward the suggestion of introducing material flow cost accounting to improve the cost accounting method,and establishes the application model for the steel production process of S iron and steel group company.The fifth chapter puts forward the scheme of constructing the group financial sharing center,puts forward the construction ideas.cost management business blueprint and organizational structure model,and puts forward suggestions for the key factors of implementing the construction of the financial sharing center.Through the case study of cost management optimization based on financial sharing,it is concluded that the problem of group cost management can be effectively solved by establishing financial sharing service model.Chapter six also describes the shortcomings and limitations of the study and the future of cost management prospects.