A target-costing cost accounting system as a strategic management tool
The relevance and purpose of the work. The article discusses the results of research and use of the cost accounting system «target-costing» as a tool for real enterprise management. The disclosed role of the cost accounting system is to comply with the principle of stable profit both in the short term, and the level of use of the next profit for the expected period of time. The materials and methods of research. The authors of the reports are publications of authors who have studied management accounting as well as strategic management. The results of the work. Target costing is a structured approach to calculating the cost of a product. When applied, the production and sale of a specific product with specific functionality and quality will provide the required level of profit according to the calculated selling price. The Conclusions. Organization of cost accounting is a strategic management tool. The use of target costing in parallel with the production of a product allows you to design resource costs. Based on the results obtained, production methods are developed and resource suppliers are considered.