The Effection Of Data Centralization On Bank Accounting

The concentration of banking data is not accidental, but is the consequence of the combine action from the inside as well as the outside operating environment of banks. The internal causes mainly include widely adopting modern information and science technology, particularly the network technology, corporating banking function as one integrated feature, and implementing customer-centric operating principles. And the external cause attribute to the fierce competition among banks, the improvement of the internal control requirements and the affections from the commercial banking reform on the traditional management system. All these reasons precipitate the establishment of centralized management system.With the opening of China’s banking industry, comprehensive foreign Banks accelerate their expanding to increase the market share in China. The banking industry, one of the nation’s most important economic lifeline, has been pushed over to the forefront of the financial globalization competition. With the continuous development of banking business in China, data concentration has been the hot spot in the e-service construction on the financial industry. Not only does data concentration provide a good business platform for the sustainable development of the commercial banks, but also contribute positively for the complete development of the bank industry. It has improved the management level and enhanced the innovation as well as the enterprise competition capability. And it’s the only way leading to the advanced development of the e-service establishment. Since the 1990s, along with the application of computer technology, China’s banking data assembled. There are 3 stages in the development of the China’s banking data concentration. The proposed stage focused on reforming the network, launching pilot project and promoting the comprehensive business. In the middle stage, data assembled from regional into national and become to make profit. In the latter stages, all data concentrated and play as a whole role.Not only Data concentration brings Banks working efficiency,but also brings the new mode of accounting information processing, management and business process. In this case, in order to make full use of the advantages of dataset circumstance, strengthen accounting risk management under the new situation, innovate the methods on accounting control, and work well with corresponding control to avoid the accounting risks, we need re-examine the data on the impact of traditional accounting with a new perspective.Based on many years of work experience, and on the basis of access relevant information on the data of Chinese Banks situation, this article describe the instant situation of data concentration and make analysis to some existing problems. Based on the comparative analysis on studying the data centralization of commercial Banks, the article claims both advantages and disadvantages of practical and possible future contact problem with improvement measures, to ensure the paper fully embody the combining theory with practice.The paper is divided into five sections, step by step, and the paper is further extended by comprehensive data centralization of bank accounting.The first chapter introduces the research background, raises multiple-choice questions, and presents the basic framework and research methods.The second chapter, as first step of this paper, introduces the relevant data of Bank County, and analyses the contents and the relationship between the data centralization and the bank accounting briefly. Also, find out and discussed the problem involved.The third chapter explains the concept of data centralization. Mainly discussed about the consequence of Data Centralization and Bank accounting though the changes of the accounting system and the comparison between before and after Data centralization.The fourth chapter states both advantages and disadvantages based on accounting, banking financial and management. Data centralization prompted the changes on Banks accounting ideas and accounting work. By putting forward higher request, accounting occurs with more latent risk.The fifth chapter raises accounting measures which should be taken according to China’s reality constraints. These measures include reforming of commercial Banks accounting management system, establishing accounting standards, perfecting commercial bank related regulations to avoid the risk of accounting data centralization in bank accounting work.Based on the analysis of data bank in accounting work, the paper verifies the following main points that our bank data centralization work has been completed with some aspects need to be improved. At the same breath, data centralization will affect the bank accounting management work somehow. It will bring changes on accounting work, working flow and working concepts, the risk of bank accounting would be much more systematic and invisible. The banks need enhance in management, techniques and legal system to strengthen the monitoring capability on risk management and promote the development of banking business efficiently.