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Implications of Lean Manufacturing on Management Accounting in Romanian Organisations

Author

Listed:
  • Mariana Man

    (University of Petroşani, Romania)

  • Bogdan Răvaş

    (University of Petroşani, Romania)

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.

Suggested Citation

  • Mariana Man & Bogdan Răvaş, 2017. "Implications of Lean Manufacturing on Management Accounting in Romanian Organisations," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 17(1), pages 155-168.
    • Handle: RePEc:pet:annals:v:17:y:2017:i:1:p:155-168
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    References listed on IDEAS

    as
    1. Dekker, Henri & Smidt, Peter, 2003. "A survey of the adoption and use of target costing in Dutch firms," International Journal of Production Economics, Elsevier, vol. 84(3), pages 293-305, June.
    2. Mariana Man & Vladimir Modrak & Ioan Constantin Dima & Piotr Pachura, 2011. "The Cost For The Entire Life Cycle Of The Product Respecting Quality Standards," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 4(1), pages 1-238, September.
    3. Patricia Everaert & Stijn Loosveld & Tom Van Acker & Marijke Schollier & Gerrit Sarens, 2006. "Characteristics of target costing: theoretical and field study perspectives," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 3(3), pages 236-263, September.
    4. Mariana Man & Sorin Mihai Radu & Joanna Tabor, 2015. "The Risk Management Organizational Entities," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 115-126, June.
    5. Maria Man & Alina Fleșer, 2008. "The Use Of Target-Cost and Target-Price by the Company’s Management," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 8(2), pages 5-10.
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    More about this item

    Keywords

    Lean accounting; management accounting; target costing; Lean manufacturing;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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