Research On The Application Of Management Accounting Tools In Cost Control Of H Company

Management accounting is widely used in large foreign enterprises.With China's reform and opening up and the further development of investment attraction,many multinational enterprises in China invested in subsidiaries in the process of operation,also commonly use management accounting tools for cost control,to improve the competitiveness of enterprises in the group.At the same time,some large enterprises in China have also carried out management accounting practices and achieved good economic efficiency.The ministry of finance also pointed out that in the past decades,the development of capital market has been paid attention to,and both financial accounting theory and practice have made considerable progress,while management accounting has lagged behind in the development of theory and practice.In order to improve the business level and economic efficiency of enterprises,the ministry of finance and the accounting sector regard management accounting research as an important direction for the development of the country and enterprises at present and in the years to come.Based on the H group in China,a subsidiary of H company as an example,the H company as H group in China's manufacturing plant in group,under the guiding principles of how to make use of management accounting tools to support lean production management,such as: annual budget management,standard cost management,forecast and evaluation of key performance indicators,to the company's operating prior planning and cost control aspect,the matter controls,afterwards feedback,to assist the group to complete annual strategic goals and performance.The analysis of H company's historical cost data,the improvement of the cost data and the improvement of operating performance of great relevance,such as: due to the continuous improvement of production efficiency,in Changzhou area on the minimum wage in 2009 than in 2017 more than doubled,standard cost effectively control unit in the hours of direct labor wages,still remain at the level of 2009.Under the "new normal" of China's economic development and the pressure of supply-side reform,in order to improve the internal management level of enterprises and promote economic transformation and upgrading,the state has vigorously promoted the establishment of a management accounting system that is compatible with China's socialist market economic system.Closely integrated with H company as the research object,H company management accounting practice and the tools of management accounting and its related theory,a detailed analysis of H company in cost control management accounting tools in the actual application situation and the existing problems,and puts forward countermeasures for future application practice,as well as other enterprises to provide certain reference for management accounting practice.