Integrative Strategies in Financial Management: Bridging the Gap between Managerial Decision-Making and Accounting Practices
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.
References
1.Tasadduq I . Venturing and managing disruptive digital innovations: financial management concept motivated propositions [J]. International Journal of Innovation Science, 2023, 15 (5): 733-755.
2.Afshin P A G . Information technology investment and working capital management efficiency: evidence from India survey data [J]. South Asian Journal of Business Studies, 2023, 12 (4): 559-574.
3.Noemi R B F . Governing aid coordination in regional platforms: the G20 Compact with Africa case [J]. International Review of Administrative Sciences, 2023, 89 (4): 1147-1164.
4.J H J B C J J E C . The value of maternity care in Queensland, 2012-18, based on an analysis of administrative data: a retrospective observational study. [J]. The Medical journal of Australia, 2023.
5.Lingzi G . Optimized backpropagation neural network for risk prediction in corporate financial management. [J]. Scientific reports, 2023, 13 (1): 19330-19330.
6.Sebastian B L J C J A C B . Lessons learned from applying model-driven engineering in 5 domains: The success story of the MontiGem generator framework [J]. Science of Computer Programming, 2024, 232
7.Niels V D A P . Crowdsourcing as a tool for creating effective nudges: An example for financial oversubscription. [J]. Proceedings of the National Academy of Sciences of the United States of America, 2023, 120 (44): e2308129120-e2308129120.
8.Tourpe U P P D R L . Digital Solutions Guidelines for Public Financial Management [J]. Technical Notes and Manuals, 2023, 2023 (007).
9.Sebastian C B D Y L P P M L K S D C D M E T E K A G J A M J S D H A S D M R O C . Estimating the savings of a national project to prevent healthcare-associated infections in intensive care units. [J].The Journal of hospital infection, 2023, 143 8-17.
10.Poniachek A B E I . Cases In Financial Management: Applications For Financial Analysis[M]. World Scientific Publishing Company: 2023-10-04.
11.Sotirios J S B C F . New development: A prototype framework to assess the coverage of financial management topics in MPA/MPM programmes [J]. Public Money & Management, 2023, 43 (7): 755-761.
12.Penghuy Y V Y . Public Financial Management:Cambodian Experiences[M]. ISEAS–Yusof Ishak Institute Singapore: 2023-10-03.
13.Wang H F . The Exploration and Practice of Curriculum Ideology and Politics of Financial Management Based on Cross-school Study and Cloud Platform [J]. Advances in Vocational and Technical Education, 2023, 5 (10).
14.Abdelrahman M F A . Public financial management indicators for emergency response challenges and quality of well-being in OECD countries [J]. Mind & Society, 2023, 22 (1-2): 129-158.
15.Fong C P K H . The Associations of Spirituality, Adversity Quotient and Ethical Decision Making of Accounting Managers in the Contexts of Financial Management and Corporate Social Responsibility [J]. Sustainability, 2023, 15 (19).
16.Hashem E A M J M S M A M . Simulation-Based Models of Multi-Tier Financial Supply Chain Management Problem: Application in the Pharmacy Sector [J]. Mathematics, 2023, 11 (19).
17.Hang L . Innovative enterprise management models on financial management personnel emotional anxiety disorders [J]. CNS Spectrums, 2023, 28 (S2): S124-S124.
18.Liu D Y . Research on Financial Management Issues of Asian Development Bank (ADB) Loans in Guangxi University Infrastructure Projects [J]. Journal of Global Economy, Business and Finance, 2023, 5 (9).
19.Ma Y . Research on the Investment and Financial Management Tendency of College Students from the Perspective of Behavioral Finance [J]. Financial Engineering and Risk Management, 2023, 6 (9).
20.Akinola N E . The importance of financial management in small and medium-sized enterprises (SMEs): an analysis of challenges and best practices [J]. Technology audit and production reserves, 2023, 5 (4): 12-20.
21.Wilson D J S M K M . An Investigation of the Extent of Implementation of the Financial Management Practices of Agri-SMEs in developing countries: Evidence from Tanzania [J]. Sustainable Technology and Entrepreneurship, 2024, 3(1).
22.Xue H H . Discussion on the impact of the “Big Smart Migration Cloud Zone” on financial management and countermeasures——Based on the perspective of administrative institutions [J]. Academic Journal of Business & Management, 2023, 5 (19).
