search query: @indexterm STANDARD COSTING / total: 44
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| Author: | Morgan, M. |
| Title: | Accounting for strategy: a case study in target costing |
| Journal: | Management Accounting (London)
1993 : MAY, VOL. 71:5, p. 20-24 |
| Index terms: | ACCOUNTING STRATEGY STANDARD COSTING |
| Language: | eng |
| Abstract: | The author discusses the inappropriateness of standard costing as a control tool in the modern business environment and at how the increased dominance of the information requirements of market analysts and shareholders has usurped the requirements of managers. The result of this is that internal accounting information has undermined rather than enhanced planning, decision-making and control systems within the organisation. The introduction and use of target costing, he maintains, is aimed at once again putting the control of product cost at the centre of the managerial stage, because it is recognized that operational control techniques must be clearly linked to strategy. |
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