Innovative approaches in management accounting of organizations: comparison of Russian and Chinese practice

Over the past 10 years, Russia and China have become closer in all areas, but especially the cooperation of states can be traced in economic relations. Considering the issues of organizing economic activity, it is necessary to touch upon the side of management accounting from the point of view of its innovativeness. The use of new modern methods of management accounting characterizes the enterprise in terms of its well-being and prospects. At the same time, for Russian and Chinese enterprises, there are different approaches to management accounting and financial reporting, penalties for falsifying documentation and its execution. The purpose of the article is to consider the positions of various researchers on innovative approaches to management accounting in Russia and China, as well as to identify similarities and differences in this area.