Subject. This article discusses the current state and prospects for the management accounting development in China. Objectives. The article aims to identify present-day problems in the methodology and practice of applying management accounting in China and develop practical recommendations for their improvement. Methods. For the study, I used a systems analysis, synthesis, review, and generalization. Results. Based on the analysis of the development of management accounting in China over the past 20 years, the article finds that the experience of regulation of the Ministry of Finance of China has had a positive impact on the development of the theory and practice of management accounting, and it is relevant for further dissemination and study in Russia. Conclusions. Theoretical research on management accounting in China demonstrates a transition from traditional management accounting tools to the digitization of management accounting. In practical application, there are still certain inconsistencies in specialist support and the ineffective use of management accounting tools.
Keywords: management accounting, application regulation, standard cost, ABC costing, regulatory systems, digitalization, big data
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