What role did management accounting play in the rise of Huawei and Haier?

In the process of the rise of Huawei and Haier, the management has played the following roles:

1. In Huawei, by establishing a global 7*24-hour cycle checkout mechanism, management accounting has realized the relay transmission of checkout operation in the sharing center under the same data platform and the same checkout rules, greatly shortening the calendar days of checkout. In addition, the 24-hour system automatically scrolls the settlement data, processes 40 million rows of data every hour, and shares the central circulation settlement, which supports the fastest and timely acquisition of the operating data of 130+ representative office.

2. In Haier's financial reform, management accounting incorporated the finance of all organizations and businesses into the group's financial team, and divided the finance into three categories: comprehensive finance, ecological finance and shared finance according to the principle of "making the concentration more centralized and making the dispersion more decentralized", so as to achieve better management and monitoring of corporate financial activities and improve financial efficiency and accuracy. At the same time, management accounting realizes business financial sharing by "moving" all financial personnel into the business.