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

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  • Violeta Maria Isai

    (Dunarea de Jos University of Galati, Romania)

  • Cristina Geru

    (Dunarea de Jos University of Galati, Romania)

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.

Suggested Citation

  • Violeta Maria Isai & Cristina Geru, 2020. "Challenges and Solutions in Management Accounting - Implementation of Target Costing in the Industry of Equipment Production," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 75-79.
    • Handle: RePEc:ddj:fseeai:y:2020:i:3:p:75-79
    DOI: https://doi.org/10.35219/eai15840409139
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    References listed on IDEAS

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    1. G. Burrows & R. H. Chenhall, 2012. "Target costing: first and second comings," Accounting History Review, Taylor & Francis Journals, vol. 22(2), pages 127-142, July.
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