TITLE:
An Examination of the Impact of Financial Sharing on the Quality of Corporate Accounting Information in the Context of the Financial Shared Service Model
AUTHORS:
Chengxin Wang
KEYWORDS:
Financial Shared Services Model, Accounting Information Quality, Internal Control, Decision Support, Globalization
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.11 No.11,
November
29,
2023
ABSTRACT: In the context of globalization intensification, enterprises face the
challenge of managing increasingly complex
business operations. This study aims to investigate how the financial shared
services model, characterized by centralized processing and standardized
operations, impacts the quality of corporate accounting information. By
examining literature and conducting empirical data analysis, we explore how the
model enhances the efficiency and accuracy of accounting information
processing, strengthens enterprises’ internal controls through increasing
financial information transparency, and bolsters financial monitoring.
Furthermore, we analyze how this model positively impacts decision support, aiding enterprises in making superior economic
decisions. Despite the challenges in system compatibility and employee training
during implementation, this study underscores the immense potential of the
shared services model in optimizing accounting information systems, reinforcing
internal controls, and improving decision support. The profound impact of this
model on the quality of corporate accounting information underscores its value
and the importance of its further research and application.