A Cost Management Study Of Chinese Radio And Television Industry In The Context Of A Developing Culture Industry

In21st century, the Chinese radio and television industry is experiencing a thorough transformation and development.This transformation is aiming for increasing industrialization features and decreasing the administrative nature of the Chinese radio and television industry, making it part of the enterprise world. As the step of the transformation and development are moving forward, the cost management process is critical. However, the implement of cost management is confined by the accounting principles of the Chinese administration bureaus and the absent of internal merit appraisal system. The high cost of the Chinese radio and television industry is the obstacle of industrialization of the Chinese radio and television industry. This paper will discuss the factors that impede the cost management of the Chinese radio and television industry, including low incentives, the obsolete accounting principles, the lack of the responsibility subject and cost management control, the discrepancy of cost management and budget policy, and the lack of professional personnel. The keynote of this paper is to introduce the effective methods to improve cost management process of the Chinese radio and television industry by solving the above problems. The author will focus on accelerating the transformation process, and granting more rights and duties to the financial divisions of the Chinese radio and television industry, thus plunging more incentives to the management; building up an updated accounting principle, and making the responsibility subject to control the budgets. In addition, this paper will discuss how to specify the cost management process by setting up a complete internal control system, and how to refine the cost management process by emphasizing the budget control policy. The author asserts that the information and technology innovations will contribute to the methods of cost management. Finally, yet importantly, this paper will discuss the significance of training employees and attracting qualified staff to improve the cost management process. This paper is references to the topic of cost management process under the transformation of the Chinese radio and television industry.