Implications of Lean Manufacturing on Management Accounting in Romanian Organisations

Mariana Man () and Bogdan Răvaş ()
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Mariana Man: University of Petroşani, Romania
Bogdan Răvaş: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2017, vol. 17, issue 1, 155-168

Abstract: The methods for calculating and managing the costs should meet customers’ requirements as early as the stage of designing the products, in terms of their quality and price; it should also contribute to reducing the costs of existing products by continuously removing the losses. For this, one of the methods used in Lean Accounting is Target costing. This method starts from the premise that the product price and the processes of continuous improvement should be established taking into account customers’ needs, starting from the price the customer is willing to pay, depending on the value attributed to the product. This paper presents a few of the implications of applying the Target costing on the structure and functionality of the accounts specific to managerial accounting in Romanian organisations that apply Lean accounting.

Keywords: Lean accounting; management accounting; target costing; Lean manufacturing (search for similar items in EconPapers)
JEL-codes: M12 M41 (search for similar items in EconPapers)
Date: 2017
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