Old Meets New
Chinese companies are blending some of their traditional techniques with some new ones from the West to achieve good working management accounting practices they can use.
Old Meets New
By Raef Lawson, CMA, CPA
This is the second of three articles based on the recently completed study by the Institute of Management Accountants (IMA®) of the state of management accounting in China. The study included both field studies as well as an extensive survey of 209 companies. These were given access to companies that was unprecedented for Westerners. The research team consisted of Dr. Raef Lawson, IMA vice president of research and Professor-in-Residence; Jiliang Yang, retired professor from Hong Kong University of Science and Technology; and Pinzhun Ding, IMA senior China advisor, formerly of the PRC Ministry of Finance and the Chinese Institute of Certified Public Accountants (CICPA).
The first article discussed the evolution of the finance and accounting (F&A) function in Chinese companies; this one discusses the management accounting techniques they employ; and the third article discusses these companies’ costing practices. To obtain a copy of the study, visit the IMA website.
The English-language version of the particular article offered here originally appeared in Strategic Finance Magazine, April, 2009. The full version can be found online (for subscribers only) on thier site. Alinga Consulting Group has obtained rights to offer a Russian translation of this and other articles for the benefit of your Russian-speaking auditors and accountants. Forward this link to them! To receive updates on future articles, simply send an email with the “Subscribe Alinga” in the subject field to firstname.lastname@example.org.
Raef Lawson, CMA, CPA, Ph.D., is the vice president of research and Professor-in-Residence at the Institute of Management Accountants (IMA®). You can reach him at email@example.com.
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