Financial Structural Model For Business Information Management - A New Accounting Strategic Framework

In the recent past, business information impacted accounting data through the development of science and technology solutions. Therefore, new requirements for accountants arise in the latest accounting environment. Current accounting training could not meet company requirements at all. To ensure reliable accounting, improve economic and financial management, improve economic efficiency, and preserve the socialist market economy effectively, there is a need for innovation in accounts management. This paper presents an approach to improve financial reporting transparency and increase usefulness using an Advanced Financial Structural Model(AFSM). Fair value accounting and asset-impairment accounting have been inherently deficient in the present account management system. According to legal and accounting theory, the source record of accounting data should have the legal proof. The conventional accounting system of 'mixed attributes' should be replaced with a network that maintains historical cost and fair value strictly in financial statements. The simulation analysis has been performed based on business strategies. Finally, the new model achieves 97.78% of efficiency for improving economic management and financial management.