Target Costing

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TARGET COSTING

GROUP MEMBER’S NAME:

1. NUR FARAHANI BINTI ABDULLAH        2011696708
2. NURANISAH BINTI MD AMIN                2011830004

LECTURER NAME:

        ASSOC. PROF DR ROSIATIMAH MOHD ISA

TOPIC:         TARGET COSTING, STRATEGY MANAGEMENT OF ACCOUNTING

CLASS:        AC220 8K

DUE DATE: MARCH, 30TH 2015

CONTENTS

1. ACKNOWLEDGEMENT…………………………………………………………3
2. INTRODUCTION………………………………………………………………….4
3. CHARACTERISTICS OF TARGET COSTING……………………………….5
4. THE PROCESS OF IMPLEMENTATION OF TARGET COSTING………..6
5. TARGET COSTING VS TRADITIONAL STANDARD COSTING………….9
6.  ADVANTAGES AND DISADVANTAGES OF TARGET COSTING………10
7. CONCLUSION…………………………………………………………………….11
8. REFERENCES…………………………………………………………………….12

ACKNOWLEDGEMENT

Assalamualaikum wbt. First of all, we would like to praise and feel grateful to Allah for his blessing that we are able to complete this group report, under subtopic of Target Costing, as required in the “Continuous Assessment” for subject MAF 635. We hope this report will give information and can act as a note as a way to help others to more understands in applying this method in examination as well as in future.

We are also would like to express our deepest appreciation to all, who provided us the information and references in complete this MAF 635 report.  A special gratitude we give to thanks to all people who involved in this preparation of the report directly or indirectly. Thus, we want to take this opportunity to give a big thanks to Associate Professor Dr Rosiatimah Mohd Isa as our MAF 635 lecturer for her fully attention and guidance in order to help us in preparing this report.

Then, we also would like to thank to all people who willing to help us, especially to my partner in gaining the information to accomplished this report. In order to get the information, we have set up a several meeting and a discussion through along this two weeks period.

By gaining all the information that we are needed, we are finally completed our report successfully. We really appreciate because of this cooperation, help and willingness, it help us to understand better about this subject. Besides, without their help also, our “Target Costing Report” would never come at the end of this road like we want.

Last but not least, we would like to thank to our friends and family for their support and advices. Without their support and help, we are sure that we will not reach until this stage.