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The Cost Control By Applying The Target Costing Method In The Construction Industry

Author

Listed:
  • Radu MĂRGINEAN

    ("1 December 1918" University of Alba-Iulia)

  • Anamaria ŢEPEŞ BOBESCU

    ("1 December 1918" University of Alba-Iulia)

Abstract

The Romanian economic spectrum considered on a slightly increasing trend in the general aspects of the national economy, feels increasingly the need for a development in the cost management issue. One of the modern methods of cost calculation that can fill this gap in the Romanian business practice in management accounting is the target costing method. The overall objective of this case study is to demonstrate the applicability and usefulness of this method in the cost controlling activity, widely used in the field of managerial accounting practice in the developed economies. The financial accounting and the managerial accounting converge in terms of ultimate interest for the company, i.e. value creation and performance increase in a sustainable way. After performing the case study with real financial data, we conclude that the target costing method is applicable and particularly useful in the construction industry and the results may provide support for decision-makers.

Suggested Citation

  • Radu MĂRGINEAN & Anamaria ŢEPEŞ BOBESCU, 2014. "The Cost Control By Applying The Target Costing Method In The Construction Industry," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 3, pages 348-357, April.
    • Handle: RePEc:cmj:seapas:y:2014:i:3:p:348-357
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    More about this item

    Keywords

    The target costing method; Managerial acounting; performance; The construction industry;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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