The Integration of Target costing and Time driven activity based budgeting techniques and its reflection on time and cost management as a competitive priority
– Applied research in the men’s apparel factory in Najaf –
Presented to
The Council of the College of Administration and
Economics – Karbala University It is part of the Requirements for the Degree of Master of science in Accounting
By
Ahmed Nasser Abbas Al-Daami
Supervised by
The ProfessorDr. Salah Mahdi Jawad Al-Kawaz
The research aims to demonstrate the role played by the integration between the two techniques target cost, and the Time driven activity based budgeting in managing time and cost as competitive priority, and to clarify the role that plays technique of Time driven activity based budgeting in providing integrated information on costs that are allocated according to what is consumed of resources optimally, and with less time, by determining the time times related to the activities that are practiced in production, and the events of those activities that would contribute to improving the application of the target cost technique by reducing the gap between the target cost and the current planned cost.
To achieve this goal, the General Company for Textile Industries in Hilla was chosen through one of its factories represented by the Men’s Clothing Factory in Najaf as a sample for research as a case study for applying research techniques to it.
The researcher followed two Methodologies, namely the deductive Methodology, which is done by using references, sources, periodicals, and research, both Arab and foreign, as well as relying on the Internet. and the inductive Methodology, as the researcher relied under this Methodology on multiple means to obtain the required data and information, the most important of which are: Visits and field coexistence in the factory the research sample, an interview with officials and workers in the factory the research sample, and some sales agents who specialize in selling men’s suits, in addition to accounting records, cost reports, and time cards for the factory research sample.
The researcher reached several conclusions, the most important of which confirms that the men’s clothing factory in Najaf, as the research sample suffers from the lack of features for the application of modern techniques, including the two techniques on which the research was based, which through their integration, can achieve the goal of managing time and cost efficiently and effectively. Therefore, the most important recommendations presented by the research is the need to pay sufficient attention to the application of the above two techniques for their role in achieving this goal.
Key words: Time driven activity based budget, target costing, time management, cost management.