Impact Analysis of the Financial Shared Services Model on Mengniu Dairy’s Financial Data

Hu Bo; Wang Ani

doi:10.62177/apemr.v3i3.1404

Authors

Hu Bo Xi'an Polytechnic University
Wang Ani Xianyang Caihong Optoelectronics Technology Co., Ltd.

DOI:

https://doi.org/10.62177/apemr.v3i3.1404

Keywords:

Financial Shared Services Model, Financial Data, Mengniu Dairy

Abstract

The Financial Shared Services (FSS) model is a new operational framework that relies on big data platforms and internet technologies to centralize and standardize the management of accounting and reporting processes. Its core lies in achieving the centralized sharing and efficient management of financial data through the integration of unified system platforms, accounting systems, accounting standards, and operational procedures. This paper introduces the theoretical foundation of Financial Shared Service Centers (FSSCs) and uses the establishment of an FSSC by Mengniu Dairy as a case study. Based on selected data from Mengniu Dairy’s financial statements from 2015 to 2024, the study examines four key financial dimensions: profitability, solvency, operational efficiency, and growth capacity. The results indicate a positive correlation between the implementation of the FSSC and changes in certain key financial metrics at Mengniu Dairy.

Downloads

Download data is not yet available.

References

Gunn, R. W., Carberry, D. P., Frigo, R., & Behrens, S. (1993). Shared services: Major companies are reengineering their accounting functions. Management Accounting, 75(5), 22–29.

Liu, M., & Zhu, X. (2020). Practice and service model innovation of financial shared service centers in real estate groups under informationization: A case study of Group B. Construction Economics, 41(S2), 41–45.

Liu, C. (2024). Implementation plan for process reengineering under China Railway Construction Corporation's shared services model. Finance and Accounting, (11), 64–65.

Hou, J. (2020). Study on the impact of shared financial services in listed companies on corporate performance (Master’s thesis). Xi’an University of Science and Technology.

Hu, A., Zhang, C., & Zhou, S. (2021). Research on the impact of financial shared services on corporate financial performance: A case study of Huawei Company. Accounting Friend, (19), 14–19.

Liu, K. (2021). Performance management of financial shared service centers based on cloud accounting in the big data era. Accounting Learning, (07), 99–100.