Research On Cost Control Optimization Of A Railway Enterprise Based On The Integration Of Business-finance

The Ministry of Finance issued [2018] No.22 Management Accounting Guidelines,which emphasized that enterprises could enhance the application of management accounting,promote the change of corporate management models and transform corporate economy.In the railway industry,on August 2020,China Railway issued the“Outline” to clarify the urgency of implementing railway as strong transportation industry.These include improving the management level of railway enterprises,reducing costs and increasing efficiency.As an important model in management accounting,the integration of business-finance has been extensively taken care by many corporates.At present,our country’s railway industry has a low degree integration in maintenance and repair services which occupy a large proportion of total cost.The inefficiency causes waste of resources our country’s transportation development program.Therefore,the establishment of a cost control model based on the integration of business-finance is of great significance for reducing costs and increasing efficiency in the railway industry.In terms of research content,this paper sorts out the literature on cost control,the integration of business-finance and information systems,and analyzes the existing literature based on the existing literature and existing cases,summarizes the research status and find the gap in literature.In the case analysis,the company’s profile and main business are firstly summarized,and the current status and problems of cost control in the life cycle of A company’s maintenance business are clarified.Through researching the causes of the problem,it is found that the low degree of integration between business process and finance process,integration between information systems,and integration between business personnel and financial personnel is the main reason for low degree the integration of business-finance.After discovering the source of the problem,this article designs an optimization plan for cost control based on the integration of business-finance.Focus on process optimization,use activity based costing to restructure processes between process integrations in life cycle based on corporate strategy;at the same time,information system integration and personnel integration optimization are taken as safeguard measures.This article draws the following conclusions.In order to improve the integration of business-finance,and achieve the integration of business-finance in entire cost control process,enterprise need to take process optimization as the main measure,information systems and personnel optimization as safeguard measures.In terms of process integration,using activity based costing to restructure processes.In budgeting,the operation center should be established,the business consumption resources are subdivided,and the data granularity is solved.Strengthening real-time cost control and difference analysis during cost control;After the business,based on the operation center and the responsibility center,use balanced score card for assessment.In terms of the integration of information systems,the optimization of information systems can solve the problem of delayed data transmission between the business and finance after the process is strengthened.Real-time monitoring and analysis of cost occurrences,timely detection of abnormalities and early warnings,which can be used in post-analysis enough data.In terms of personnel integration,strengthen the professional training of both parties,establish a integration of business-finance team,strengthen internal control and other measures to cooperate with the communication convenience and accurate data brought by the optimization of process and information systems,so that personnel can participate in corporate decision-making,and strengthen the degree in the integration of businessfinance.