Tendencies of Standardisation of Management Accounting in Russian and International Practices

By Labyntsev, Nikolay Tikhonovich; Sharovatova, Elena Aleksandrovna et al. | European Research Studies, October 2017 | Go to article overview

Tendencies of Standardisation of Management Accounting in Russian and International Practices


Labyntsev, Nikolay Tikhonovich, Sharovatova, Elena Aleksandrovna, Omelchenko, Irina Aleksandrovna, Makarenko, Tatyana Valeryevna, European Research Studies


1. Introduction

The management accounting has already taken its place in the international and Russian management systems with its theoretical, methodological, and organisational needs. The importance of accounting resources for shareholders and outside investors, requires techniques and methods of accounting to be placed under some norms of unification, which are presumed in professional standards of accounting (Thalassinos et al., 2012; Thalassinos and Liapis 2014; Thalassinos et al., 2015; Liapis et al., 2013; Havlicek et al., 2103; Allegret et al., 2016).

Due to standardisation of accounting, consistency of formats allows shareholders and investors to choose a development strategy for an economic entity and determine whether it is appropriate to make an investment, to perceive contents of financial statement. Besides, process of accounting and liability standardisation are demanded in the international and Russian practice, with the difference of time implementation of professional standards (Anikina et al., 2016; Hes and Jilkova, 2016).

The start of accounting standardisation in Russian theory and practice was given in the period of centrally planned economy abolishment. Since that time, techniques and methods of Russian accounting were closed to the international formats, which make the factor of uniformity more attractive for foreign economic activity.

However, the regulations of management accounting in Russian and international practices follow different paths, thus making them the object of scientific and practical interest in professional field. In the leading countries of the world economy the standardisation of accounting management is recognised as an absolute necessity, while in Russia this process still remains at the stage of discussion by the scientific community. Nevertheless, for the Russian microeconomics the role of standardisation in accounting management is irrefutable. In this regard the studies become relevant in the international experience in standardisation of management accounting and in Russian practice too.

2. Purpose of the study and hypotheses

2.1 Purpose of the study

The purpose of the present study is the examination of main trends in standardisation of management accounting techniques in the international practice and rationalisation of key directions of management accounting standardisation in Russian microeconomics. Achievement of the selected purpose requires solutions to following tasks:

1) To emphasise differences between missions of financial and management accounting, which exert influence on technology of accounting standardisation.

2) To generalise international experience of standardisation of management accounting techniques in commercial activities.

3) To suggest main directions of standardisation development in management accounting in Russian theory and practice of accounting.

4) To state consistency of main informational modules in the process of standardisation of management accounting techniques in Russia.

2.2 Research hypotheses

In order to find solutions to said objectives during research, following hypotheses will be examined:

[H.sub.1]: Unsteadiness of business environment in market economy requires differentiation of management and financial accounting's informational field. [H.sub.2]: Trends of management accounting standardisation depend on established relationships between the state and businesses.

3. Review of Scientific Literature

In Russian and international theory and practice of accounting, professional scientific community has long emphasised the key role of management accounting in administration of a present-day company.

During the formation of the market economy in Russia, foreign authors, such as Van Der Will, R. (1997), Daile, A. (2001), Drury (1998), Meyer (1993), Scone (1997), Han, J. …

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