Costing Methodologies and Cost Management Practices in the People's Republic of China

46 Pages Posted: 4 Oct 2012

See all articles by Raef A. Lawson

Raef A. Lawson

Institute of Management Accountants

Date Written: May 1, 2010

Abstract

This paper presents the results of a study of costing methodologies and cost management practices utilized by companies in the People's Republic of China (PRC). We find that costing practices employed by companies, while occasionally reflecting prior practices, are now largely in conformance with the 2006 ASBE. Cost management practices are in a state of transition in the PRC - reflecting the techniques used under the prior planned economic system, but also showing the beginning of the adoption (and adaptation) of Western techniques.

Going forward, management accountants in China need to blend the lessons learned from implementation of management planning and control systems under prior economic systems along with current Western techniques and methodologies in order to develop systems that are appropriate for their organizations.

Suggested Citation

Lawson, Raef A., Costing Methodologies and Cost Management Practices in the People's Republic of China (May 1, 2010). Available at SSRN: https://ssrn.com/abstract=2156737 or http://dx.doi.org/10.2139/ssrn.2156737

Raef A. Lawson (Contact Author)

Institute of Management Accountants ( email )

10 Paragon Drive
Montvale, NJ 07645-1760
United States
2014741532 (Phone)
2014741603 (Fax)

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