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Measuring Target Costs using Lean Accounting

 

Marketed By :  Scholars' Press   Sold By :  Kamal Books International  
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  • Product Description
 

Aerospace is very important to the Canadian economy, with over 80,000 employees; generating over $20 billion dollars in revenue. However, with the economic downturn, sales have been decreasing. Competition is growing with emerging countries entering the market, companies are struggling to stay competitive, and they are adopting various practices to deliver value to their customers. The principles of lean manufacturing strive to do just that, and while enjoying much success in production environments, lean principles have been found to be applicable in other areas of the enterprise, including accounting. This study presents the notion of target costing for new products. In comparison to traditional costing of products, where the desired profit is added to the cost required to develop the product, target costing is ‘lean’ in the sense that it puts the focus on creating value for the customer by setting the price of the product based on the cost. In this book, various types of target cost models are developed. The models are then applied to predict the cost of commodities at a major Canadian aerospace company.

Product Specifications
SKU :COC79358
AuthorAdil Salam,Nadia Bhuiyan and Fantahun Melaku Defersha
LanguageEnglish
BindingPaperback
Number of Pages180
Publishing Year2014-10-22T00:00:00.000
ISBN9783639716818
Edition1 st
Book TypeIndustry & industrial studies
Country of ManufactureIndia
Product BrandScholars' Press
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08 00:00:00