Integration of Structural Components of Russian and Chinese Accounting Systems

DOI

10.2991/ttiess-17.2017.44How to use a DOI?

Keywords

Management accounting; financial accounting; accounting system

Abstract

The article compares the theoretical and methodological foundations of accounting in the Russian Federation and the People's Republic of China in the context of a single concept of their integration into the system of the international financial reporting standards and increasing its informativity for the further financial and economic analysis. The emergence of Russian and Chinese companies on the world market makes them meet the already established unified requirements for the provision of financial reporting, which increases the responsibility of the managers performing accounting and analytical functions for the reliability of the provided information. The work considers the views of leading Russian and Chinese scientists on the role and place of various types of accounting aspects, used in the management and planning of the economic activities, including theoretical provisions and the experience of their practical application from Russian and international citation bases SKOPUS and RSCI. The comparison was made by the main structural components: financial accounting regulated by the national Ministries of Finance and management accounting formed by the companies' management. The article identifies common features and small differences, proving the possibility of Russian organizations to adopt the best practices in the implementation of various methods and ways of accounting policy formation. The authors also consider the most interesting and promising methods of cost accounting and costing used by the Chinese companies, which make it possible to significantly enhance the effectiveness of strategic planning and control in the accounting and analytical sphere.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Larisa V. Iurieva
AU  - Elena R. Sinianskaia
AU  - Olga V. Savostina
PY  - 2017/06
DA  - 2017/06
TI  - Integration of Structural Components of Russian and Chinese Accounting Systems
BT  - Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017
PB  - Atlantis Press
SP  - 258
EP  - 265
SN  - 2352-5428
UR  - https://doi.org/10.2991/ttiess-17.2017.44
DO  - 10.2991/ttiess-17.2017.44
ID  - Iurieva2017/06
ER  -