Construction: Innovative Approach to Cost Accounting

Authors

  • Larisa Nikolaevna Gerasimova
  • . .

DOI:

https://doi.org/10.14419/ijet.v7i4.38.24440

Published:

2018-12-03

Keywords:

target-costing, target cost, optimization of technology, costs.

Abstract

Based on the study of existing methods of cost accounting, this paper examines the innovative approach to the calculation of products.

The article shows that at the time of the decision on investing in a business project related to the development and construction of a new facility, it is advisable to use the target-costing methodology to forecast the cost of a product. For this purpose, when calculating the cost of a product, it is necessary to consider the market research indicators and the values of cost drivers.

The author gives an example of using the “target-costing†method in a construction organization, considering peculiarities of this method in construction.

Based on the results of the study, it can be concluded that the proposed method of cost calculation for a future innovative product allows for an adequate assessment of future costs, which, given a shortage of raw data and the time resource, reduces investment risks.

 

 

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How to Cite

Nikolaevna Gerasimova, L., & ., . (2018). Construction: Innovative Approach to Cost Accounting. International Journal of Engineering & Technology, 7(4.38), 195–198. https://doi.org/10.14419/ijet.v7i4.38.24440

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Received 2018-12-20
Accepted 2018-12-20
Published 2018-12-03