Dissertation > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management

The Discussion on the Problems of the Application of Financial Shared Service Mode in Chinese Enterprise Groups

Author YangFangPing
Tutor ChenMingKun
School Jiangxi University of Finance
Course Accounting
Keywords FSS Performance appraisal Process managementInformation system
CLC F275
Type Master's thesis
Year 2012
Downloads 524
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Shared Service and centralization is the international management trend and developing way of modem enterprise. As globalization is more and more common,"smooth earth" brings resource allocation and flowing in whole world, more and more multinational corporations emerges. Therefore, hi-efficient cross-border financial management and capital operation becomes a key problem. Due to improve the pattern of financial affair management, multinational companies integrate services together to achieve the standardization, centralization and routinization. Meanwhile, the competition mechanism is introduced into the company operation, in order to reduce the cost, create the value and improve the qualities of services. As a result, the financial shared service mode appears. As an innovative management mode, financial shared service mode began to appear at America enterprise since the early1990s and is practiced so far, in just ten years, financial shared service mode has been widely used in many European companies, especially are widely practiced and applied in global500companies, and it is proved that the benefits are remarkable. In China, enterprises introduced financial shared service mode much later, at present, only a few enterprises are applying it in varying degrees, and encountering a series of problems to be solved in the application process of this management model, financial shared service mode is still in its infancy, there is a big gap in all respects, this lagging and insufficiency development will greatly affect our enterprise, especially the pace of implementation of financial shared service mode in trans-regional enterprise groups. So, analysis and solution of the performance management problems have become the chief prerequisite of the normal use in financial shared service mode.For more than30years development of financial shared service mode abroad, it had made some economic results after the efforts of the accounting theory field and the practical affairs field, but in our country, the study of it is just starting, the investigation of its theory is not comprehensive, and lacking investigation of specific application theory. Thus, this paper mainly used standardized methods, experience reference and summary method. The research object is financial shared service mode, on the basis of financial shared service mode theory, analyzing the problems and causes of financial shared service mode application in domestic enterprise groups, drawing on experience and revelation of the application of financial shared service mode in foreign countries, and giving some suggestions for strengthening the application of financial shared service mode in China.The article has six parts. Firstly, the introduction as the opening, the main contents are background and significance of research, research thinking and method, foreign and domestic literature summary, the basic framework of this paper. The second part is summarization of relevant theory, as the theoretical basis of expanding research and analysis, this part introduces meaning of financial shared service mode, feature, evolution, key implementation elements and service contents. The third part deeply analyzes the existed problems in the application of financial shared service mode in China, this article considers the main problems as following:the core values of financial work missing, ineffective implementation of process management regulations and performance appraisal measures lag behind, low integration of information system, then, analyze the causes from the standpoint of overall quality of accountant, process management consciousness, performance appraisal indicator system and information system. The forth part is the experience and inspiration of the application of financial shared service mode abroad, emphasizing on the application of financial shared service mode in Motorola and Citibank, summarizing the foreign experience and the revelation for China. The fifth part is countermeasures for strengthening the application of financial shared service mode in China, combined with the cause of forth part from four aspects:improve the overall quality of staff, strengthen implementation of process management regulations, establish the scientific performance appraisal indicator system, optimize financial shared service mode information platform. The sixth part is conclusion and insufficient research.

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