Research On Both Path And Effect Of Financial Sharing Service On The Accounting Information Quality

Since Robert first proposed the concept of shared services in 1993,FSS(Financial Shared Service)have experienced three generations of development abroad and entered the stage of new Internet technology.China has also made it clear that the group that supports a large number of molecular companies should actively develop FSS mode.FSS,as a brandnew management mode under information technology background,through the optimization of organizational structure,standardize the process and improve process efficiency,and ultimately achieve the goal of reforming resources,reducing operating costs,allocating the formation of effective,improving accouting information quality and value maximization.In the process of promoting and implementing FSS,the improvement of the quality of accounting information is the economic consequence.Based on the above reasons;this paper takes ZTE as a case study.As a group with many branches,ZTE has been in the forefront of the development of FSS.As the senior citizen of the domestic FSSC,its financial sharing has experienced more than ten years of development and is becoming more and more mature and well known as well.ZTE sets an example for other companies to implement FSS.Starting from the process and means of ZTE's FSSC(Financial Sharing Service Center)construction and implementation,this paper aims to study the path and effect of the FSS mode on the quality of accounting information.In this way,the lack of research in this area is supplemented.This paper puts forward four ways for how FSS improve the quality of accounting information through reengineering.Firstly,from the basis of financial information,that is the business system that generates information.Due to the rapid collection of information,timely and transparent transmission brought by FSS,ensures the quality of accounting information.Information system reengineering can improve the accuracy of the data at the source,high speed and highly transparent during the process of transmission,in this way,information gap is narrowed.The quality of accounting information is improved.Secondly,starting from the executive level of financial functions,in the process of financial sharing process reengineering,enterprises will eliminate obsolete business accounting links;shorten the original financial chain,in this way,the quality of accounting information has been improved.In terms of management level,unified bank account and reduced capital classification will bring about a reduction of risk control points,which is conducive to the uniform homogenization and control of accounting information generation and processing,and to improve the quality of accounting information.Through process reengineering,it is beneficial to improve the management and control ability of enterprises and improve the quality of accounting information.In terms of decision-making,process reengineering will have an impact on improving decision-making effectiveness,according to accounting information to improve management decision-making after effect measurement,the financial sector given the accounting information for management decision is more helpful to the better reconstruction,effect on the efficiency and effect of business enterprise,the accounting the quality of information relevance and reliability was improved.Thirdly,the transformation of the financial model has put forward new requirements for financial posts.The ability and skill requirements of the financial personnel have changed.At the same time,the information system undertook most of the basic accounting business,which led to the decline in the demand for basic accounting personnel.The emergence of the financial sharing model is accompanied by the decline in accounting demand and the increase in the demand for management and decision accounting.This kind of change demands the improvement of the accountants' quality and the strengthening of professional skills.The improvement of the quality of personnel and the ability of business level is beneficial to the improvement of the quality of accounting information.Finally,process reengineering and personnel reengineering have promoted the restructuring of the organization.The logic behind is that the transformation and optimization of the financial process lead to the change of the functions of the original department and staff.In order to adapt to the new environment change and match the reconstructed process,the organizational structure of the enterprise is bound to be adjusted.Under the background of internal structure adjustment,its internal control process and governance structure will also be affected,and the quality of accounting information will also be affected accordingly.In order to verify the inference above,the author uses the expanded Jones Model to manipulate accruals as an agent of accounting information quality,and finds out that the quality of accounting information in ZTE has been improved after the implementation of FSS.By comparing the quality of accounting information in different stages through FSS,it is found that the quality of accounting information is higher after the completion of the FSS.Investors agree on the key stage of ZTE's Financial Sharing Construction and the effect in two years after the completion.The results of these studies have played a verifying effect on the promotion of FSS of enterprise groups,and enriched the relevant literature of the quality of accounting information in the perspective of FSS.