Transitioning Financial Accounting to Management Accounting in Biotechnology Enterprises: Leveraging Big Data Technology for Strategic Decision-Making

Xiaochun Lai
Xiamen Institute of Technology, Xiamen Fujian 361000, China

DOI:https://doi.org/10.5912/jcb2516

Abstract:

Research and Development (R&D) activities are pivotal drivers for biotechnology enterprises, yet they entail high costs and significant uncertainties. As these enterprises advance towards modernization, the transformation from traditional financial accounting to management accounting becomes essential for strategic growth. This study leverages big data technology to develop an intelligent financial processing model tailored to the complexities of biotechnology enterprises. The model is constructed using enterprise financial datasets and undergoes systematic data validation to ensure accuracy and reliability. Furthermore, data mining techniques are applied to assess the model’s effectiveness, focusing on financial data processing and management accounting efficiency. Multidimensional analyses reveal that the proposed model enhances data accuracy, mitigates the limitations of conventional accounting methods, and strengthens financial decision-making. The findings underscore the potential of integrating big data technologies to optimize financial management processes, thereby supporting sustainable growth and innovation in the biotechnology sector.