A Design In Strategic Management Accounting System Of Yu Heng Company, Changchun

With the development of global economy, new born hi-tech enterprises couldkeep strong competition only when depending on innovation of, science, production,technology and service. At the moment, hi-tech enterprises in China focus theirdevelopment on scientific research and new product to occupy the market and gaingreat number of profit. In the meantime, however, the rapidly growing hi-techenterprises don’t concentrate much on financial system and some enterprises are stillusing traditional accounting management system. The traditional accountingmanagement system is based on new classical economics theory, targeting on theprinciple of profit maximization. It’s main functions are short period budgeting andcontrol. Traditional financial functions mainly in business activities afterwardsreimbursement. Financial accounting level only manual computerized accounting, toachieve business goals, strengthen internal management play an important role, butwith the business separation leading to isolate of information, the lack of effectivemonitoring of business activities, and did not set up a business strategy managementobjectives, ignored outside the enterprise environment analysis, financial managementdifficult to play the role in the decision-making of the enterprise.Chinese scholars began to pay attention to the theory of SMA in1980’s, initially,researchers translated works of literature written by foreigners only, to the end of the20th century, Chinese scholars began to conduct and explore the study in-depth. Only10years of development makes a wide gap between our country and developedcountries in both theoretical research and practical applications, so only fewcompanies apply SMA in management of the enterprise. But with the economicdevelopment and more and more intense market competition, managers havegradually realized that the importance of enterprise development of strategicmanagement accounting and began to build for enterprise strategic managementaccounting system.In this pager, we use the research achievement of Strategy ManagementAccounting (SMA) by professors all over the world for reference, discuss thedevelopment of SMA and related theory, analyses the application of SMA in Chinahi-tech enterprise and then design a unique SMA system for Yu Heng Company:1. Formulation of strategic target 2. Analysis of environment3. Establishment of strategic management system4. Cultivation of advanced enterprise culture5. Implement of human resources strategic management6. Implement of strategic cost management7. Evaluation of strategic performanceWe lead to the following conclusion based on the SMA system of Yu Heng:1. SMA aims at achieving profit in long period strategic development,2. The article divides SMA system into six parts: formulation of strategic target,establishment of strategic management system, cultivation of advanced enterpriseculture, implement of human resources strategic management, implement ofstrategic cost management and evaluation of strategic performance.3. By analyzing the existing financial system (K/3) of Yu Heng company, it is ofimportance to establish SMA system in the company.In addition，in this paper, we analyzed present situation of management financialtheory and distinguishing feature of high tech enterprises in China. And in this paper，we take the optimization of Strategic Management Accounting System of research anddevelopment in Changchun Yu Heng Optics Limited Company for an example andthink that it is necessary for the Changchun Yu Heng Optics Limited Company tobuild Strategic Management Accounting System.