The Strategic Information can support the Target Cost Approach to realize Competitive Advantage

پوختە

Recently, management accounting and information are growing faster in an unparalleled way. The title of the study is one of the subjects that get large concerns in the accounting and business world in the present time. That is because many competitive firms have appeared in the regional and global markets and the rapid changes that covered all fields of life. The aims of the study have a special importance in making the firm's businesses succeed in general and the industrial firms especially. Thus, the important purpose of this study is to determine whether target costing is used in the costing application process in their customer expectation, profit margin, cost and price determination, cost reduction and management operations. Presently intensebcompetitive and highly volatile business environment, consistent development of low cost and high quality products meeting the functional requirements is a key to a company's survival. Companies continuously strive to reduce the costs while still producing quality products to stay ahead in the competition. Many companies have turned to target costing approach to realize this aim.