Frontiers in Business, Economics and Management 
ISSN: 2766-824X | Vol. 9, No. 3, 2023 

 

180 

Discussion	on	the	Integrated	Development	Path	of	
Financial	Accounting	and	Management	Accounting	
Xingmeng Yuan, Long Tang* 

Southwest Petroleum University, Chengdu, 610500, China 

* Corresponding author 

 

Abstract: The gradual development of economy and rapid progress of science and technology have promoted human society 
to step forward into the era of digital economy, and then promoted the transformation of financial accounting function based on 
accounting and supervision to management accounting function based on value creation and value increment. However, both 
financial accounting and management accounting are branches of the accounting discipline, and the professional knowledge of 
a single branch is slightly insufficient to solve problems in a certain field. Only by combining and integrating the knowledge of 
multiple branches, and analyzing and solving problems from multiple perspectives can enterprises achieve sustainable 
development. Therefore, in combination with the background and direction of industry development in the era of digital economy, 
this paper analyzes the necessity of the integrated development of financial accounting and management accounting based on 
the functional positioning of enterprise financial accounting and management accounting, and discusses the integrated 
development mode of financial accounting and management accounting from the aspects of goal orientation, platform 
construction and content construction. And then put forward the two in the concept of mutual integration, content mutual 
penetration, system framework, technical personnel mutual integration and other aspects of the feasible path, in order to improve 
the accounting staff's business ability and comprehensive quality, conform to the market demand and the development of The 
Times. 

Keywords: Financial accounting, Management accounting, Fuse, Development path. 
 

1. Introduction 
With the rapid development and widespread promotion of 

the new generation of information technologies such as the 
Internet, blockchain, financial robots, big data and cloud 
accounting, tremendous changes have taken place in the 
financial and accounting management mode of all walks of 
life, and accounting work is developing in the direction of 
intelligence. In order to meet the requirements of social work 
on financial and accounting personnel in the new era, The 
integration of financial accounting and management 
accounting is imperative. However, in the process of the 
integration and development of the two, the operation and 
management of enterprises are faced with many uncertainties. 
Therefore, in the context of the digital economy era, how to 
adopt scientific and efficient methods and strategies to 
improve the effectiveness of the integration and development 
of the two has become a key issue that needs to be solved 
urgently in the development of modern enterprises. Lin Gang 
(2019) pointed out that the difference between financial 
accounting and management accounting in the cost 
measurement aperture is the main obstacle to the further 
development of management accounting, and proposed that 
the solution is to combine the cost methods of the two. Kou 
Haifeng (2020) found that the integrated development of 
market economy is accompanied by the rising cost of 
operation and management. Therefore, more and more 
managers are aware of the importance of financial accounting 
and management accounting, and have achieved certain 
results in practice. Yan Hui (2021) proposed that the effective 
integration of financial accounting and management 
accounting and the establishment of a scientific and effective 
information system on this basis is the inevitable trend for the 
development of enterprise financial management. Dong 

Haibin (2023) proposed that in order to keep up with the 
development of The Times and keep pace with The Times, 
enterprises should take effective measures to actively 
promote the better integration of financial accounting and 
management accounting. It can be seen that the integration of 
financial accounting and management accounting can 
effectively solve the difficulties and problems encountered in 
the practice and management of enterprise accounting. Based 
on this, on the basis of defining the concepts of financial 
accounting and management accounting, this paper analyzes 
the necessity of their integrated development, and puts 
forward the practical countermeasures of their integrated 
development from many aspects through the analysis of the 
development mode. 

2. The Necessity of The Integration of 
Financial Accounting and 
Management Accounting 

(1) Realistic needs: conform to the development of The 
Times 

With the development of science and technology, the 
Internet, big data, cloud accounting and other information 
technologies have been widely used, which has brought great 
changes to the work of the accounting industry, and an 
unprecedented change has occurred. Financial robots will also 
replace the work of basic financial accounting workers. In 
order to actively respond to the complex and changing market 
environment, enterprises need to reasonably adjust their 
internal management methods in light of the actual 
development situation and operational needs, so as to ensure 
that financial work can be carried out in an orderly manner 
and achieve corporate development goals. In the case of 
continuous development of information technology, 



 

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advanced information management technology is gradually 
integrated into the financial management of enterprises. The 
previous financial management work can no longer meet the 
development needs of the company at this stage. The organic 
combination of financial accounting and management 
accounting is more in line with the development needs of 
enterprises at this stage. In addition, in the face of the new 
situation of economic development, if enterprises want to 
stand in the fierce competition, they must put the center of 
development on "talents". Financial accounting and 
management accounting are crucial in the development of 
enterprises. High-quality and high-level accounting talents 
can improve the quality of financial management of 
enterprises, and the integration of the two can effectively save 
human resources. At the same time, it also meets the needs of 
enterprise development under the new situation. 

(2) Practical basis: Service and development of long-term 
interests of enterprises 

The integrated development of financial accounting and 
management accounting has certain advantages and 
characteristics, that is, the effective integration of the two can 
actively participate in enterprise management. In other words, 
in the process of enterprise development, on the one hand, 
through the information advantages of financial statistics data, 
it can make correct adjustments to various activities of 
enterprises, and thus play a positive role in guiding the 
business activities of enterprises. Therefore, the integration of 
the two forms of accounting development, not focusing on the 
current short-sighted behavior, but looking to the future, for 
the future good and rapid development of the enterprise has 
played a vital role in promoting. On the other hand, through 
the data processing ability of management accounting, the 
amount of information can be improved, and the obtained data 
can be counted and predicted, so that the management 
information of enterprises can be shared, so that managers can 
have a relatively complete understanding of the overall 
information of enterprises and grasp the financial information 
in real time. 

3. Analysis of Integrated Development 
Mode of Financial Accounting and 
Management Accounting 

(1) Target positioning 

At this stage, human society is moving towards the era of 
digital economy, and profound changes have taken place in 
the mode of production and operation, organizational 
management mode, and financial and financial paradigm. 
However, the single development mode of financial 
accounting or management accounting can no longer meet the 
needs of enterprise development. Therefore, we should 
combine the major of financial accounting and management 
accounting, use new technology, new ideas, new paradigm 
and new means to cultivate composite accounting talents for 
the development of enterprises. In the exploration of the 
integrated development mode of the two, the establishment of 
the concept of integrated development is the basis of the 
effective integration of the two, and strengthening the 
penetration of the two in the content is the essence of the 
integration, and the organic combination of the two can create 
high-quality composite talents to adapt to the new era. 

(2) Platform construction 

In the process of integrated development of financial 

accounting and management accounting, we should also 
recognize the importance of information platform 
construction, use modern information technology means to 
build an information management platform, provide platform 
support and information data support for staff, realize 
information sharing, and provide a reliable basis for managers 
to make decisions. First, when building the information 
platform, it is necessary to make reasonable use of advanced 
information technology to ensure that the platform fully 
realizes the storage of financial accounting and management 
accounting information, provides information and data 
protection for the work implementation of relevant staff, and 
improves work efficiency. Second, in the construction of the 
platform, strengthen the interconnection with other 
information systems, realize the entry of information data at 
one point and share it everywhere through intelligent 
collection, reduce the work intensity of grassroots operators, 
and better achieve the business goal of reducing costs and 
increasing efficiency. Third, after the platform is built, 
strengthen the thought guidance of the integrated 
development of financial accounting and management 
accounting according to accounting standards, constantly 
improve the platform management standards, continuously 
optimize the comprehensive benefit evaluation standards 
after the platform operation, regularly carry out benefit 
analysis, and truly realize intelligent office and digital 
management. 

(3) Content construction 

Both financial accounting and management accounting 
belong to an important work in the operation and management 
of enterprises. Based on the development goals of enterprises, 
financial accounting and management accounting collect, 
process and process the information reflected in the economic 
activities of enterprises, and then guide, regulate and control 
the economic activities of enterprises, so as to optimize the 
business activities of enterprises to the maximum extent and 
achieve effective decision-making. In the process of their 
fusion development, this paper draws on Huang Manyuan's 
research to carry out fusion analysis from three aspects, 
namely, information input perspective, control process 
perspective and achievement expression perspective. 

a. Integration of information input 

Enterprise financial accounting and management 
accounting have the same information source, which is based 
on the events and economic transaction data that occur in the 
process of enterprise production and operation activities, 
collect and organize the information, and then use specific 
methods to deal with it. From the content point of view, both 
are accounting for the current and future capital trends of the 
enterprise, and there is a great overlap in the accounting 
content, that is to say, the work of the two has certain 
similarities. In the operation and management activities of 
enterprises, by collecting and summarizing, processing, 
storing and sharing relevant accounting data information, the 
flow and use of enterprise funds can be intuitively reflected, 
and the derivative value generated by the flow of funds can 
be reflected. In terms of financial information, the methods of 
financial accounting and management accounting to obtain 
information are the same. In the case of cross, overlap or 
independence, the two can use their own methods to deal with 
similar accounting information, which can clearly reflect the 
direction of their respective emphasis. Therefore, in 
management accounting, taking financial accounting data as 



 

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the core information source is conducive to the unification of 
accounting language and the steady improvement of the 
internal organization and management efficiency of 
enterprises, so as to effectively meet the objective needs of 
internal cost and efficiency. 

b. Integration of control process 

The combination of financial accounting and management 
accounting is regarded as a management activity, or an 
organic combination, so that it can give full play to its unique 
management control function. In the new economic situation, 
the enterprise organization to carry out various management 
activities or investment control plans, need to achieve the 
important purpose of integrated development in the whole 
management control process. In order to optimize the 
integration effect of financial accounting and management 
accounting in the control process, some work contents such 
as strategy methods and performance appraisal should be 
refined and decomposed, and the modern process control idea 
should run through the whole accounting work process. In 
addition, it is necessary to compare and analyze the actual 
financial situation of the enterprise with the expected effect, 
and give timely feedback to ensure that the operation effect of 
the enterprise can be continuously improved. In the new 
economic situation, such an organic cycle model will play a 
positive role in promoting the long-term development of 
enterprises. 

c. Integration of results expression 

The result of the integration of financial accounting and 
management accounting must have the output of achievement 
expression, and achievement expression is not only an 
important carrier of integration development, but also an 
effective way. In the era of digital economy, the measurement 
of enterprise value and strength has changed from tangible 
assets such as assets and equipment to intangible assets such 
as knowledge and manpower. The amount of these intangible 
assets will play a crucial role in the operation and 
development of enterprises. These assets often cannot be 
accurately measured or approved in the financial statements. 
For the users of accounting statements, the greater the need to 
understand and grasp the real competitiveness of the 
enterprise, the greater the usefulness of intangible assets such 
as non-value information. By using the management 
accounting information system, quantitative results can be 
closely combined with descriptive descriptions, and the 
information content provided greatly improves the 
practicality of accounting information. 

4. Practice Countermeasures of 
Financial Accounting and 
Management Accounting Integration 
Development 

(1) Mutual integration of ideas 

In the complex and changeable development situation, in 
order to promote the effective integration and development of 
financial accounting and management accounting, we must 
change the conservative and outdated way of thinking, 
abandon the traditional conservative ideas, take the initiative 
to remove the shackles of the solidified working mode of 
financial accounting and management accounting. In the high 
quality development of accounting work in the new era, 
Flexible application of advanced integrated development 
ideas, methods and strategies to solve the problems and 

contradictions in the process of their integration. First of all, 
it is necessary to pay attention to the training of managers, 
improve the management concept of managers by 
strengthening the education and training of managers, so that 
managers have a full understanding of the practical 
significance of the integrated development of the two, and 
objectively examine the positive role played by the integrated 
development of the two in improving the competitiveness of 
enterprises and strengthening the comprehensive strength, so 
as to reform the traditional way of thinking. Actively and 
effectively adapt to the new changes brought about by the 
integration and development of the two. Secondly, the 
effective integration of financial accounting and management 
accounting requires relevant staff to establish correct ideas 
and concepts, and constantly improve them in daily work, so 
that financial accounting and management accounting can 
promote each other. Therefore, it is necessary to strengthen 
the training of relevant staff, so that staff can understand the 
significance and role of the integration of the two and the 
benefits of the integration for the development of enterprises. 
In this way, employees will accept the status quo with a 
positive attitude and devote themselves to the process of 
integration and development with a full working attitude. 

(2) Mutual penetration of contents 

In the modern accounting system, financial accounting and 
management accounting are two indispensable subjects, and 
in practice, the development of the two work depends on the 
accumulation of experience of staff on the one hand, and on 
the other hand depends on the study of relevant theories, 
which reflects the common basis of the integration of the two, 
namely accounting theory, to a certain extent. By studying 
accounting theory and deepening the understanding and 
cognition of accounting theory, we can promote the mutual 
penetration of financial accounting and management 
accounting in theory and content, and then realize the 
integration of the two, so that the accounting work of 
enterprises can keep up with the pace of the development of 
The Times and make enterprises stand out in the fierce 
competition. In daily work, financial accounting and 
management accounting have different focuses. Financial 
accounting focuses on recording, accounting the business 
process and generating financial statements to provide basic 
financial information for enterprise decision-making, while 
management accounting focuses on disclosing business 
information to provide help for enterprises to adjust and 
optimize strategic decision-making. But generally speaking, 
the two are to improve the efficiency of enterprise operation 
as the ultimate goal, to promote the enterprise management to 
achieve scientific, rationalization, high efficiency. In addition, 
the content of financial accounting and management 
accounting can be better penetrated and integrated with the 
support of big data technology. Through the sharing of 
technology and data, financial accounting can provide the 
foundation for management accounting, while management 
accounting can supplement and expand the business vision of 
financial accounting. Finally, through the integration of the 
two, enterprises can serve a higher level of operation and 
management. 

(3) Build an integration system 

The integration of financial accounting and management 
accounting will promote the continuous improvement and 
breakthrough of accounting theory. At present, although most 
enterprises have established relatively sound financial 



 

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accounting management system and management accounting 
management system, there are still some differences between 
them, so in the aspects of daily management focus and work 
content, the purpose of effective sharing of information 
resources cannot be realized. In order to better realize the 
organic integration of financial accounting and management 
accounting, it is necessary to build the integration system, 
optimize the management process and establish a sound 
management mechanism. By building a scientific and perfect 
integration system, accounting activities of enterprises can be 
more consistent with existing business activities, meet the 
diversified needs of multiple information users, reduce 
repetitive work, and improve accounting work efficiency. In 
the construction of integration, first of all, enterprise 
managers should pay attention to management accounting 
and affirm its important role in the development of enterprises, 
so as to facilitate accounting workers to collect and integrate 
relevant economic information more accurately. Secondly, it 
is necessary to continuously improve the quality of enterprise 
accounting personnel, especially to strengthen the training of 
management accounting personnel, so that they realize the 
importance of the innovation of management accounting 
work and accounting integration for the development of 
enterprises, so as to better promote the communication and 
exchange between financial accounting staff and management 
accounting staff. Thirdly, enterprises need to improve and 
perfect the business system of financial accounting and 
management accounting, so that relevant staff can collect 
relevant data more conveniently and effectively, and promote 
the effective integration of financial accounting and 
management accounting on the business system. Finally, 
further refine and improve the basic accounting work, 
improve the pertinence of information expression, and 
promote the integration of finance and management. 

(4) Technology and talent merge 

In the business activities of enterprises, big data 
information technology has played a crucial role. The use of 
big data technology can realize the efficient management of 
the original financial accounting documents, the key 
relationship between the verification index values, reduce the 
risk caused by data errors, and improve the accounting 
efficiency. The application of such big data technology puts 
forward higher requirements for the professionalism and 
technicality of accounting personnel. The integration of 
financial accounting and management accounting requires 
talents with high professional quality, who can effectively 
combine the internal operation conditions of enterprises with 
the external environment, conduct reasonable analysis of 
these factors, and give relevant suggestions for managers' 
reference. Therefore, in practice, we should pay attention to 
the training of these talents, in order to meet the requirements 
of modern enterprise development for the professional quality 
of accounting talents. First of all, enterprises should 
strengthen the training of accounting professionals, combine 
financial accounting with management accounting, and 
establish a sound training system. For example, they should 
hire accounting experts and scholars to give regular lectures 
to financial personnel, so that they can master new ideas, new 
technologies, new methods and new theories, so as to improve 
the comprehensive quality of financial personnel. So that they 
can better master the basic financial accounting knowledge 
and skills, so as to cultivate more "compound" talents. 
Secondly, enterprises should strengthen the training of 
computer application ability of accounting personnel, so that 

they can master the ability to use modern technologies such 
as big data to deeply mine and analyze corporate data, and 
provide high-quality and valuable financial and accounting 
information for decision makers. Thirdly, enterprises should 
encourage financial personnel to learn management 
accounting knowledge independently in their spare time, 
continuously expand their knowledge scope, and familiarize 
themselves with advanced technologies such as big data and 
the use of tools such as financial data analysis. Only in this 
way can the integration of financial accounting and 
management accounting reach the best state. Finally, 
enterprises should scientifically define the standards for talent 
introduction based on the responsibilities and scope of work 
of management accounting, and conduct a comprehensive 
investigation of the professional skills, professionalism and 
work experience of candidates to ensure that the hired 
personnel can meet the needs of management accounting 
positions. 

5. Conclusion 
To sum up, in the fast-developing economic environment, 

the effective integration of corporate financial accounting and 
management accounting is an inevitable requirement to 
conform to the development trend in the era of digital 
economy, and an inevitable trend to promote the healthy 
development of enterprises. The effective integration and 
rational use of the two is an important means to ensure the 
financial security of enterprises, which can improve the 
quality of corporate financial data while reducing financial 
and operational risks, and provide safe and reliable 
information and data support for the effective operation of 
enterprises. Therefore, enterprises should pay attention to the 
integration of financial accounting and management 
accounting, establish the correct concept of integration and 
development, constantly improve and optimize the 
integration content, constantly improve the economic benefits 
of enterprises, and promote the construction and development 
of enterprises with high efficiency and quality. 

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