On The Total Factor Accounting Mode Based On The Humanistic Accounting Theory

The current accounting is based on original recorded production activity, which makes gradual progress with the development of social productivity. Its ultimate goal is to effectively enhance assets’ safety and integrity so as to protect the interests of stakeholders.In the era of natural economy, by using single entry bookkeeping, accounting objectively recorded changes in the property and material belonged to the subject and provided information support for state levying of property taxes based on the total amount of property and material. In the time of industrial economy, there was a great change in the organic form of society: rapid growth of the production of socialized commodity which was on the enterprise basis, diversified sources of assets applied to new enterprises, distribution of enterprise income to assets providers. Accordingly, double-entry bookkeeping was used to reflect assets possession and sources, asset operation and earnings of accounting subjects.The limited income distribution and other ways helped to improve the capacities of reproduction and debt redemption, to ensure the interests of investors and creditors and to provide information for state social management, levying turnover tax, income tax and property tax. As scientific technologies gradually played an important role in social product,accounting adapted to the changes of social laws and regulations and offered accounting and supervision of the investment and transaction of intangible assets focused on industrial property right, so as to ensure the interests of intangible asset owners. Therefore, current accounting takes it as its own duty to ensure the interests of all parties and maintain the effective operation of social economy. Nowadays, the owners’ interests of labor resources,production and environment resources, as well as physical assets, intangible assets, should be protected, which calls for better accounting model to meet the common interests of stakeholders.The current humanistic accounting theory puts people first, that is, focuses on stakeholders’ interests, which meets the demand of accounting in recent times. In this paper,based on the guidance of humanistic accounting theory, total factor accounting mode is introduced creatively, which accounts many factor resources which are overlooked by many enterprises together with labor resources, environmental resources and other resources involved in economic activities of enterprises. In my opinion, total factors accounting includes four parts: production environment, currency and physical resources, intangible resources and technology and labor service. Enterprises make accounting of the above four factors in the circulation process. This total factor accounting mode tries to provide concrete implementation method for humanistic accounting theory and to lay a basis for theconstruction of modern accounting system.The following is the structure of this paper: Chapter one is the introduction, which introduces the research background and significance, methods and design of this paper.Chapter two is literature review, which provides the relevant literature in humanistic accounting theory. Chapter three discusses theoretical basis and relevant concepts,analyzing the theoretical contribution of principal-agent theory, stakeholder theory,corporate social responsibility theory and sustainable development theory to this paper and discusses concept connotation of humanism, labor factor and production environment.Chapter four analyzes current accounting model and its three loopholes: unreasonable setup of the accounting element, unreasonable objects of accounting measurement and unreasonable benefit-cost calculation and sharing scheme, and some problems concerning current accounting theory on human resources, such as unclear distinction of accounting objects, defects of accounting measurement and unfair accounting. Based on above studies,chapter five introduces improvement method for current accounting model--total factor accounting mode and makes further discussion of its concept, content and accounting idea.Chapter six is the conclusion and prospect.