Current Issue : April-June Volume : 2024 Issue Number : 2 Articles : 5 Articles
In the traditional media model, users intelligently and passively receive information. With the continuous development of the new media industry, the traditional centralized financial management model gradually exposes many drawbacks, which are no longer adapted to the development requirements of the media in the new era, and its financial management model is constantly being adjusted and optimized. Starting from the definition of centralized financial management mode, the article quotes the data of JR New Media Company and some websites, studies the construction of centralized financial management mode of JR Company, analyzes the problems existing in the implementation of centralized financial management mode of the new media company, and puts forward suggestions on how to optimize the centralized financial management mode, including the establishment and improvement of the financial decision-making, budgeting, funds management It also puts forward suggestions on how to optimize the centralized financial management model, including establishing and improving the financial decision-making, budgeting, capital management, early warning management mechanism, establishing a unified and optimized performance incentive standard, and upgrading the work level of the company’s financial management personnel, etc., so as to improve the level of the financial management of JR New Media Company and promote its sustained and smooth development....
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....
It is controversial at the global level whether the expansionary fiscal policies implemented during the economic contraction are pro-growth. Reaching conclusions on discussion points is possible by observing theory and practice. While this study examines policies between 2007 and 2009 with examples from developed and developing countries, it also includes different approaches to the ideal policy set in the literature. In the light of discussions in the literature, the harmony between countries’ fiscal policies and their implementation areas also reveals their effectiveness in global growth....
With the continuous development and progress of the socio-economy in recent years, various sectors within the socio-economic development have been advocating the concept of sustainable development. Along with the improvement of the production level of enterprises and the continuous growth of the economy, the increasingly deteriorating ecological environment has risen to the status of an international strategic concern. The grim situation of the ecological environment has to some extent hindered the sustainable development of society. To promote the sustainable development of the economy in the financial sector, green finance has emerged. As a key component of sustainable development, green finance has attracted attention worldwide. China, as one of the world’s largest developing countries, faces unique economic and environmental challenges. This study aims to explore the impact of green finance on sustainable development in China through empirical research, aiming to fill the research gap in this field. The research findings indicate that China’s green finance products and services have played a positive role in sustainable development. The promotion of green finance is related to the growth of the renewable energy industry, reduction in carbon emissions, and investment in ecological conservation. Specifically, the development of green finance promotes the growth of the Chinese economy, the transformation and upgrading of the industrial structure, and guides a low-carbon economy through energy conservation and emission reduction, thereby promoting economic sustainability. Therefore, it is necessary to actively cultivate the strength of green finance, vigorously promote the green transformation and upgrading of the regional industrial structure, and implement measures such as carbon finance to promote the development of a low-carbon economy nationwide, in order to promote the sustainable development of the Chinese economy....
ASC 842, which stands for Accounting Standards Codification 842, is a set of accounting standards issued by the Financial Accounting Standards Board (FASB) that specifically addresses lease accounting. The purpose of ASC 842 is to provide comprehensive guidance on how organizations, both lessees and lessors, should account for leases in their financial statements (FASB, 2023). An abstract for ASC 842 would summarize its key principles and requirements, which include: Classification of Leases : ASC 842 outlines criteria for lessees to determine whether a lease should be classified as an operating lease or a finance lease, which has implications for how lease assets and liabilities are recognized and measured. Lease Recognition : The standard requires lessees to recognize both a right-of-use asset and a lease liability on their balance sheets for most leases, fundamentally changing the way leases are reported compared to previous accounting standards. Lease Measurement : ASC 842 prescribes how lessees should measure the right-of-use asset and lease liability, including initial recognition, subsequent measurement, and revaluation. Lease Disclosures : The standard mandates increased disclosures in financial statements, providing stakeholders with more transparency about a company’s lease commitments and related financial impacts. Transition and Implementation : ASC 842 provides guidance on how companies should transition to the new lease accounting rules and what practical expedients may be available to ease the adoption process. Lessors : The standard also addresses accounting for lessors, with specific guidance on lease classification and measurement. ASC 842 was introduced to bring greater transparency and comparability to financial statements, as it requires companies to reflect their lease obligations more prominently on their balance sheets. This abstract highlights the key aspects of ASC 842, which is essential for companies and stakeholders to understand and comply with to ensure accurate financial reporting regarding leases. Compliance with ASC 842 may have significant implications for a company’s financial position and performance, making it a critical accounting standard for financial professionals and organizations to adhere to....
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