Summary of Articles | Management Accounting

Running Head: MANAGEMENT ACCOUNTING
MANAGEMENT ACCOUNTING
Name of the Student
Name of the University
Author Note

1MANAGEMENT ACCOUNTING
Table of Contents
MEMO.......................................................................................................................................2
Summary of first article.........................................................................................................2
Summary of second article.....................................................................................................4
Business implications of paper on clients..............................................................................6
Personal Reflection....................................................................................................................7
Reference....................................................................................................................................8

2MANAGEMENT ACCOUNTING
MEMO
To: Paulina Presto
From:
Date: March 24, 2020
Subject: Research Articles on SMEs and management accounting
Dear Paulima,
I have come across two articles from searching function of library. This article is
chosen by searching the key words “Management accounting”, “Small and Medium sized
enterprise”, “Activity-based costing” and “Target costing”. The first article I have chosen is
(Jayeola & Onou, 2014) that is about implementation of target costing in SMEs in Ogun
industrial metropolis and the second article chosen is (Kocakulah et al. 2017) that is about
using of activity-based costing for achieving competitive edge in global market place.
Summary of first article
The paper by Jayeola discusses relationship that existed among the technique of target
costing and profitability and turnover of small and medium scale enterprise in the Ogun
industrial metropolis. Target costing is considered to be the practice of planning of cost,
management of cost and reduction of cost, whereby planning and management of cost is at
design and development cycles of costs in comparison to later stages of the development and
management of product. Its main objective is enabling executives of business for managing
profitability of business in the competitive marketplace. The target costing technique
implementation to the operations of business had tracked down cost drivers and led towards
reduction of cost. It implied that target costing technique implementation had significantly
improved sales turnover of investigated enterprises. Moreover, target costing technique