Reflective Writing on Articles

Running head: REFLECTIVE WRITING ON ARTICLES
REFLECTION ON ARTICLES
Name of Student
Name of University
Author’s Note

REFLECTION ON ARTICLES1
ANSWER TO QUESTION 1:
The report which I have provided were consists of two peered articles that were
based on the standard costing and target costing. The two articles were about the
costing methods that companies around the world adopt before launching new product
in the market. The use of the costing methods are mostly adopts by the manufacturing
concerns around the world. The articles that were discussed in the report mainly states
about the benefits and loss that the company many realize while after adoption of the
costing methods. The articles that I have mentioned were about the benefits that each
costing methods bring to the company. The discussion regarding the efficiency of the
costing method was also being provided in the report. I have also learned the same
while preparing the report. The report also clears the idea about the process of
implementation of the costing method by the company in its system. I have also learned
about the stringent process that the companies go through while changing the costing
method in the system. I have also learned about the main purpose behind the change in
the costing method. As per my observation, the management of the company usually
opts for the change in the costing method in the company. The cost reduction is the
main agenda behind the change in the costing method. The reduction of the cost mainly
assists the company to increase their revenue, which in turn assists the company to
realize more profit (Kidwell et al 2016). Thus, costing method is the tool that helps the
company to gain more profit from the market.
After reading and analyzing the articles, I was sure that target costing method is
much more beneficial for the company than the standard costing method. In the
competitive business world the efficiency of the target costing method is much more in
comparison to the standard costing method.
The main problem that I have encountered while preparing the report was the
selection of the most favorable costing method. Standard costing method is also
considered as the most favorable costing method, which have the ability to reduce the
cost by considerable means. Like target costing method, standard costing method also
proves its efficiency in this competitive business world. The article on standard costing
method also states the same thing.
The article review provides me a complete insight about the target costing
method and standard costing methods. The implementation of the costing method was
also being understood from the review of the article. The benefits and loss that both the
costing method brings in the system were also understood.
ANSWER TO QUESTION 2:
The searching and reading of the articles was the most difficult phase. This is the
phase from where I have understood the importance of knowledge gathering. The
searching for the articles assists me to find the most suitable costing method that will
help the company to reduce their costs and increase their profit margin. The report
assists me to identify the modern trend that the company uses to select the best costing
method in this competitive business world.
Another main problem that I have faced while preparing the report was to find the
perfect article or journal that will fulfil the requirement. The article about the using or the