IDEAS home Printed from https://ideas.repec.org/a/pet/annals/v17y2017i1p155-168.html
   My bibliography  Save this article

Implications of Lean Manufacturing on Management Accounting in Romanian Organisations

Author

Listed:
  • Mariana Man

    (University of Petroşani, Romania)

  • Bogdan Răvaş

    (University of Petroşani, Romania)

Abstract

The methods for calculating and managing the costs should meet customers’ requirements as early as the stage of designing the products, in terms of their quality and price; it should also contribute to reducing the costs of existing products by continuously removing the losses. For this, one of the methods used in Lean Accounting is Target costing. This method starts from the premise that the product price and the processes of continuous improvement should be established taking into account customers’ needs, starting from the price the customer is willing to pay, depending on the value attributed to the product. This paper presents a few of the implications of applying the Target costing on the structure and functionality of the accounts specific to managerial accounting in Romanian organisations that apply Lean accounting.

Suggested Citation

  • Mariana Man & Bogdan Răvaş, 2017. "Implications of Lean Manufacturing on Management Accounting in Romanian Organisations," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 17(1), pages 155-168.
    • Handle: RePEc:pet:annals:v:17:y:2017:i:1:p:155-168
    as

    Download full text from publisher

    File URL: https://www.upet.ro/annals/economics/pdf/2017/p1/Man-Ravas_2.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dekker, Henri & Smidt, Peter, 2003. "A survey of the adoption and use of target costing in Dutch firms," International Journal of Production Economics, Elsevier, vol. 84(3), pages 293-305, June.
    2. Mariana Man & Vladimir Modrak & Ioan Constantin Dima & Piotr Pachura, 2011. "The Cost For The Entire Life Cycle Of The Product Respecting Quality Standards," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 4(1), pages 1-238, September.
    3. Patricia Everaert & Stijn Loosveld & Tom Van Acker & Marijke Schollier & Gerrit Sarens, 2006. "Characteristics of target costing: theoretical and field study perspectives," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 3(3), pages 236-263, September.
    4. Mariana Man & Sorin Mihai Radu & Joanna Tabor, 2015. "The Risk Management Organizational Entities," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 115-126, June.
    5. Maria Man & Alina Fleșer, 2008. "The Use Of Target-Cost and Target-Price by the Company’s Management," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 8(2), pages 5-10.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ofileanu Dimi & Bumbescu Sorina Simona, 2014. "Target Costing – The Response Of The Managerial Accounting To Changes In The Environment," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 45-55, June.
    2. Carsten Homburg & André Hoppe & Roman Schick & Amelie Braul, 2021. "Accounting for preference dependency in target costing – a note," Review of Quantitative Finance and Accounting, Springer, vol. 57(3), pages 845-858, October.
    3. Yazdifar, Hassan & Askarany, Davood, 2012. "A comparative study of the adoption and implementation of target costing in the UK, Australia and New Zealand," International Journal of Production Economics, Elsevier, vol. 135(1), pages 382-392.
    4. Ax, Christian & Greve, Jan & Nilsson, Ulf, 2008. "The impact of competition and uncertainty on the adoption of target costing," International Journal of Production Economics, Elsevier, vol. 115(1), pages 92-103, September.
    5. Ionica Oncioiu & Sorinel Căpuşneanu & Dan Ioan Topor & Ana Maria Ifrim & Ramona Camelia Silvestru & Monica Ioana Toader, 2021. "Improving Business Processes in a Construction Project and Increasing Performance by Using Target Costing," SAGE Open, , vol. 11(1), pages 21582440219, February.
    6. Jaroslav Belas & Jan Dvorsky & Ludmila Kozubikova & Martin Cepel, 2019. "Important Factors of SMEs Entrepreneurial Orientation," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 165-179.
    7. Theuvsen, Ludwig & Essmann, Sandra & Brand-Sassen, Henning, 2005. "Livestock Husbandry between Ethics and Economics: Finding a Feasible Way Out by Target Costing?," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24598, European Association of Agricultural Economists.
    8. Odysseas Pavlatos & Hara Kostakis, 2022. "Exploring the Relationship between Target Costing Functionality and Product Innovation: The Role of Information Systems," Australian Accounting Review, CPA Australia, vol. 32(1), pages 124-140, March.
    9. Katarina Culkova & Adriana Csikosovaa & Maria Janoskova, 2015. "Development Of Risk Payment Index In Slovakia Comparing With Chosen Eu Countries," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 12(1), pages 37-47, DEcember.
    10. Sorin Briciu & Sorinel Capusneanu & Dan Ioan Topor & Cristian-Marian Barbu & Anamaria Tepes-Bobescu, 2015. "Performance Analysis Of An Entity From Construction Sector Using Dashboard," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 74-83, December.
    11. Stadtherr, Frank & Wouters, Marc, 2021. "Extending target costing to include targets for R&D costs and production investments for a modular product portfolio—A case study," International Journal of Production Economics, Elsevier, vol. 231(C).
    12. Heinz Ahn & Marcel Clermont & Stephan Schwetschke, 2018. "Research on target costing: past, present and future," Management Review Quarterly, Springer, vol. 68(3), pages 321-354, August.
    13. Anamaria Tepes-Bobescu & Ileana Sorina Rakos, 2015. "Implementing Target Costing Method in a Construction Project," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(3), pages 168-175, September.
    14. Henri, Jean-François & Boiral, Olivier & Roy, Marie-Josée, 2016. "Strategic cost management and performance: The case of environmental costs," The British Accounting Review, Elsevier, vol. 48(2), pages 269-282.
    15. Afonso, Paulo & Nunes, Manuel & Paisana, António & Braga, Ana, 2008. "The influence of time-to-market and target costing in the new product development success," International Journal of Production Economics, Elsevier, vol. 115(2), pages 559-568, October.
    16. Jacek Karcz & Sylwia Gaik & Natalia Jêdrzejas, 2014. "Outsourcing Of Information Technology Services Based On Processes In The Chosen Automotive Company," Advanced Logistic systems, University of Miskolc, Department of Material Handling and Logistics, vol. 8(1), pages 57-66, December.
    17. Ibusuki, Ugo & Kaminski, Paulo Carlos, 2007. "Product development process with focus on value engineering and target-costing: A case study in an automotive company," International Journal of Production Economics, Elsevier, vol. 105(2), pages 459-474, February.
    18. Dorota Kostrzewa-Nowak & Waldemar Gos, 2022. "Practical Applications of Target Costing in a Multidisciplinary R&D Project," Sustainability, MDPI, vol. 15(1), pages 1-13, December.
    19. Katarzyna Grondys & Oliwia Ślusarczyk & Hafezali Iqbal Hussain & Armenia Androniceanu, 2021. "Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic," IJERPH, MDPI, vol. 18(8), pages 1-19, April.
    20. Gopalakrishnan, Mohan & Libby, Theresa & Samuels, Janet A. & Swenson, Dan, 2015. "The effect of cost goal specificity and new product development process on cost reduction performance," Accounting, Organizations and Society, Elsevier, vol. 42(C), pages 1-11.

    More about this item

    Keywords

    Lean accounting; management accounting; target costing; Lean manufacturing;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pet:annals:v:17:y:2017:i:1:p:155-168. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Imola Driga (email available below). General contact details of provider: http://www.upet.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.