Comparative analysis of trends in the development of accounting in state institutions in Russia and China: global unification and differentiated approach
Abstract
Accounting in different countries is always different from each other, but with the development of international financial reporting standards, it tends to unify. Accounting in China is about 3 000 years old, which gives reason to think that accounting is sufficiently developed in the People's Republic of China and processes in production are debugged due to trained specialists and certain traditions. We can say that in Russia accounting is striving to reach the international level, given the fact that since 1973 the development of international financial reporting standards began. Some of them can be brought to the international level, or adopted in Russia. Indeed, in the modern world, at the level of economic integration, accounting is one of the main means of international communication. To unify accounting means to establish communication at the economic level between countries such as the Russian Federation and the People's Republic of China. To establish this communication, you need to consider all the pros and cons of this process for each of the countries that may be encountered when combining systems. And also find out what common features of accounting already exist, and what global differences between the two systems can prevent unification.
About the Authors
Hongfeng Shi
Saint Petersburg Polytechnic University of Peter the Great
Russian Federation
Russian Federation
Master
N. V. Abramchikova
Saint Petersburg Polytechnic University of Peter the Great
Russian Federation
Russian Federation
Associate Professor
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Review
For citations:
Shi H., Abramchikova N.V. Comparative analysis of trends in the development of accounting in state institutions in Russia and China: global unification and differentiated approach. Kazan economic vestnik. 2023;1(1):85-89. (In Russ.)
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