Challenges and Solutions in Management Accounting - Implementation of Target Costing in the Industry of Equipment Production

Violeta Maria Isai and Cristina Geru
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Violeta Maria Isai: Dunarea de Jos University of Galati, Romania
Cristina Geru: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2020, issue 3, 75-79

Abstract: Target costing management, although it has been around for a long time, has only recently attracted the attention of companies. Its adoption was imposed by the intense competition that characterizes today's markets. Nowadays it is imperative for the companies to get involved in setting the costs of products and services in a more active and aggressive way from one year to the next. The purpose of the research in the present study is the analysis of the possibilities of implementing this method within the car manufacturing companies. Two research directions were pursued: a conceptual one, through the contribution brought to the increase of the knowledge of the managerial accounting and of the way of its organization and a practical one, by accessing and respectively the modernization of the cost calculation methodology in the mentioned sector.

Keywords: Target price; Profit margin; Target cost; Target cost index (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2020:i:3:p:75-79

DOI: 10.35219/eai15840409139

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