Author(s)

Wenfang Feng ¹, Xiaoming Zhao ¹

Affiliation(s)

¹ School of Economics and Management, Lanzhou University of Technology, Lanzhou, Gansu, China

Corresponding Author

Wenfang Feng

ABSTRACT

Facing the increasingly fierce competition pressure in the construction industry, how to explore the potential of construction enterprises within the limited profit space, break through the bottleneck of cost management and bring into play the competitive advantage of enterprises, the management of target cost method is one of the important ways. After a basic discussion on the target cost method, the article takes the characteristics of engineering construction enterprises and Company A as a specific case to explain the process of determining, decomposing, and controlling the target cost of engineering projects and its effectiveness, to provide a reference for construction enterprises to apply the target cost method.

KEYWORDS

Engineering Projects, Target Cost Method, Cost Control, Implementation Effect

CITE THIS PAPER

Wenfang Feng, Xiaoming Zhao, Application of Target Cost Method in Engineering and Construction Enterprises - Take Company A as an Example. Accounting and Corporate Management (2022) Vol. 4: 5-13. DOI: http://dx.doi.org/10.23977/acccm.2022.040702.

REFERENCES

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