Research On The Construction Of FSSC Based On Industry-Finance Integration

Financial sharing service is the product of economic globalization and rapid development of information technology.It is a relatively advanced financial management model,which has been widely used in large enterprise groups in China.However,in recent years,the proposal of "industry-finance integration" requires the financial work to extend to the front end of business,and promotes the transformation of enterprise finance from accounting-based accounting to management-oriented accounting,so as to strengthen the all-round support of financial work for enterprise strategy and help create corporate value.Although the financial sharing service has solved the problems of low standardization and low efficiency of corporate financial work,it has not yet achieved the transition to management accounting.Therefore,how to innovate the financial sharing service model from the perspective of business-finance integration has become a current research hotspot.TF City Construction Investment Company is a state-owned holding company.In response to national policies,the group divested government's financing functions,transformed itself into a market-oriented urban operator,and contracted for urban infrastructure projects such as public transportation,water services,and energy.This transformation has brought about the expansion of the group scale and put forward higher requirements for the financial department.Currently,the TF Group adopts a decentralized financial management model.This model has the disadvantages of low standardization of financial work and weak strategic support,which makes it hard to meet the needs of transformation.The financial sharing service model from the perspective of industry-finance integration provides new ideas for the problem.Firstly,this article sorts out related literatures on financial shared services,industry-finance integration,and the cross-research of the two,analyzes and summarizes the relationship between the two,and then proposes a framework for constructing a new type of financial shared service center based on industry-finance integration: Extend the original financial sharing service center,which is mainly responsible for accounting,to a new type of financial sharing service center that integrates accounting,management accounting,and fund management.Secondly,verify the feasibility of the above framework by case analysis and field research.Select TF Group as the research object,analyze its current financial management status,summarize its current financial management issues,and design the construction scheme of financial Shared service center from the industry-finance integration perspective for the group,which was specifically designed from four key elements: strategic positioning,organizational structure,business process reengineering and financial information system;finally,put forward the guarantee measures for the effective operation of the scheme.Through the construction of financial sharing service center of TF Group based on industry-finance integration,this paper hopes to promote the in-depth development of financial sharing services in the direction of industry-finance integration and provide new ideas for the practice of financial management in Chinese enterprises.At the same time,I hope that the design scheme of TF Group can provide reference for the company or the industry.