Target Cost Management Implementation

Running head: MANAGERIAL ACCOUNTING
Managerial accounting
Name of the Student
Name of the University
Author Note

MANAGERIAL ACCOUNTING
Abstract:
The objective of developing this paper is to gain an understanding of the usefulness
of the management accounting system in the contemporary organizations. The
practical use of the system if management accounting is critically analysed by
reviewing two journal articles presenting the real case company and the utilization of
the managerial, accounting practices to their projects and managers in the process
of decision making. Two articles that has been chosen for evaluating the challenges
and relevance of target costing and standard costing to the contemporary
organization are “Management Accounting Practices (MAPs) of Small and Medium-
sized Manufacturing Enterprises in The City of Tarlac” and “A longitudinal case study
of target cost management implementation at a shipbuilding company” respectively.

MANAGERIAL ACCOUNTING
Table of Contents
Introduction:..................................................................................................................3
Discussion:...................................................................................................................4
Evaluating the features of standard costing as a system of control and planning:......4
Evaluating the relevance of standard costing as a system of control and planning
based on the article:.....................................................................................................6
Comparing the system of standard costing and target costing:...................................8
Evaluating the relevance of target costing in today’s uncertain and competitive
business environment:..................................................................................................9
Recommendation on the system and its usage in the contemporary organizations: 11
Conclusion:.................................................................................................................12