Measuring Target Costs using Lean Accounting - Couverture souple

Salam, Adil; Bhuiyan, Nadia; Defersha, Fantahun Melaku

 
9783639716818: Measuring Target Costs using Lean Accounting
Couverture souple
ISBN 10 : 3639716817 ISBN 13 : 9783639716818
Editeur : Scholars' Press, 2014

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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.

Biographie de l'auteur

Dr. Adil Salam, holding a PhD from Concordia University, is a Purchasing Manager at Novartis Pharmaceuticals Canada Inc. Dr. Nadia Bhuiyan, holding a PhD from McGill University, is a Professor at Concordia University. Dr. Fantahun Defersha, holding a PhD from Concordia University, is an Assistant Professor at Guelph University.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Scholars' Press
Date d'édition
2014
Langue
anglais
ISBN 10 
3639716817
ISBN 13 
9783639716818
Reliure
Broché
Nombre de pages
180
Coordonnées du fabricant
non disponible
Personne responsable
non disponible