Study On The Centralized Accounting In Y Insurance Company:A Management Accounting Perspective

Insurance company has many regional scattered branches loaded with daily transactions.Centralized management of accounting system with unified regulations and consistent rules,helps to set up a standard accounting process,improve the reliability of financial data,ensure the quality of financial statements and enhance the overall performance of the enterprise.Centralized accounting in China has experienced nearly 20 years development since late 1990s,the practice is facing with many problems to be solved urgently.This paper adopts normative research method,takes Y insurance company as case object,reviews relevant theories and literature on centralized accounting and management accounting at home and abroad,describes and analyzes Y insurance company's current centralized accounting practice,discovers some problems:long accounting process,invalid cost management,imperfect business-financial data conversion,high occupational risk and low motivation of accountants.Through digging in the cause,this study discusses the deficiency of internal control,budget management and performance evaluation in Y insurance company's centralized accounting practice,then provides improving measures in approval control,cost management,process arrangement,duty segregation and performance evaluation of Y insurance company's centralized accounting practice,enhances Y insurance company's management accounting function.In the implementation and improvement of enterprise centralized accounting,this paper has some certain theoretical and practical significance.