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MANAGEMENT ACCOUNTING IN RUSSIAN COMPANIES: ANALYSIS OF IMPACT ON CORPORATE PERFORMANCE
Abstract
This study investigates the state of management accounting practices in Russian mid-sized companies. The paper builds on previous reports [1], [2] and describes the contribution of management accounting to corporate success by looking at the relationship between the state and intensity of management accounting practices and financial performance of a company as measured by its return on equity. Data was collected by survey. Although the answers were quantified, the study is interpretive and exploratory, with an aim to explore the role of management accounting in emerging markets, using the context of Russia. The study found no correlation between the state of management accounting and the financial performance of a company, using as indicators a companyВ’s integrated management accounting score and its return on equity. The study contributes to the theory of management accounting by filling a gap in knowledge about specifics of management accounting beyond the highly industrialized countries, in the context of emerging economies as exemplified by Russia. As this study was limited to the mid-sized companies, further research could be expanded to include larger companies. Researchers should consider using case studies to reconcile the findings from surveys with participantsВ’ reported experiences and could consider non-financial assessments of the impact of management accounting on corporate performance. Globally released research on management accounting in Russia is scarce and includes only a handful of papers. This report adds to the international body of accounting literature and facilitates academic conversations among the world-wide scientific community.
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References13
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