Probe - Accounting, Auditing and Taxation

Integrative Strategies in Financial Management: Bridging the Gap between Managerial Decision-Making and Accounting Practices

Hangming Zhang

Nanjing University of Finance and Economics

Xin Zhong

Nanjing University of Finance and Economics

Xinghui Wei

Nanjing University of Finance and Economics

DOI: https://doi.org/10.59429/paat.v6i1.6203

Keywords: Financial management; Accounting practice; Comprehensive strategies

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Abstract

This article explores the integrated strategies and their importance between financial management and accounting practices in the modern business environment. The article first analyses the theoretical basis of financial management decisions and the importance of data accuracy and compliance in accounting practice. It then demonstrates, through real-life examples, how integrated strategies can achieve effective integration between management decisions and accounting practices in different business environments. The article also discusses the challenges in implementing these strategies, such as technology integration, organisational culture adaptation, compliance issues and data security. Finally, the article provides a future-oriented outlook and recommendations, emphasising the importance of technological advances, a global perspective, continuous risk management and support for sustainable development.

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