Subject. This article discusses the issues related to the arrangement of management accounting at joint ventures between China and Russia and areas for its improvement. Objectives. The article aims to justify the feasibility and possibility of harmonizing the methodology of management accounting arrangement at joint ventures of China and Russia. Methods. For the study, I used a comparative analysis, review, synthesis, and generalization. Results. Based on the analysis of the practical application of elements of management accounting in ancient China and Russia, the article identifies various national traditions related to accounting. It also describes the similarities and differences between the national and corporate cultures of China and Russia and offers the author-developed recommendations for selecting tools and methods of management accounting to improve their practical application at joint ventures in China and Russia. Conclusions. When arranging management accounting at joint ventures between Russia and China, the practice to consider the historical development of management accounting tools and methods in both countries, as well as their national and corporate cultures can become an effective method to prevent the possibility of inefficient implementation of management accounting information systems.
Keywords: management accounting, power distance, joint venture, national culture, regulatory systems, corporate culture, standard costs
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