THE COST CONTROL BY APPLYING THE TARGET COSTING METHOD IN THE CONSTRUCTION INDUSTRY.

The Romanian economic spectrum, found on a slightly increasing trend in the general aspects of the national economy feels more and more strongly the need for an upgrade in terms of cost management problem. One of the modern costing methods that can fill this gap in the Romanian business practice related to accounting management is the Target Costing method. The overall objective of this study is to demonstrate the full applicability and usefulness of this calculation and cost tracking methods, widely used in the field of managerial accounting practice in developed economies. Managerial accounting and financial accounting converge in terms of ultimate interest of the company, namely value creation and growth performance in a sustainable way. Following the case study, conducted with real financial data, it was concluded that the target costing method is applicable and particularly useful in the construction industry and the results may provide support for decision-makers. [ABSTRACT FROM AUTHOR]