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Product Life Cycle Accounting and Target Costing

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Strategic Management Accounting, Volume I

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Abstract

This chapter addresses product life cycle accounting and how target costing requires that the whole value chained be conceived and engineered. Depending on the stage of a product in its life cycle, different issues appear as strategic and therefore deserve to be accounted for. But also, the well-known notion of cost takes on different forms and shapes at each stage, requiring specific accounting systems each time. Building upon marketing research, this chapter shows how a management accounting system remains pertinent by adapting to momenta in product life cycle.

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    Vassili Joannidès de Lautour

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Joannidès de Lautour, V. (2018). Product Life Cycle Accounting and Target Costing. In: Strategic Management Accounting, Volume I. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-92949-1_2

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