On the Differences and Coordination between Tax Accounting and Financial Accounting

Abstract

In modern enterprise management, tax accounting and financial accounting, as two major pillars of the accounting field, are intrinsically related but exhibit significant differences in terms of accounting basis, objects, and principles. With the deepening of the market economy and the improvement of tax and accounting systems, the coordination between the two has become a key issue in enterprise operations and regulatory frameworks. Based on their core definitions, this paper systematically analyzes the necessity of coordination-including reducing accounting costs, mitigating tax risks, and adapting to market economic development. It further elaborates on the specific differences in accounting basis, accounting objects, and accounting principles, and proposes coordination paths from three perspectives: improving institutional coordination mechanisms, strengthening internal corporate collaboration, and enhancing the competence of practitioners. The study aims to provide theoretical support for enterprises to achieve efficient integration of tax and financial accounting, thereby helping enterprises cope with complex economic environments, reduce operational risks, and enhance overall competitiveness.