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Product Life Cycle Accounting and Target Costing

Chapter

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.

Keywords

Value chain accounting Target costing Product life cycle Research & development accounting Marketing accounting Inventory accounting 

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© The Author(s) 2018

Authors and Affiliations

  1. 1.Grenoble École de ManagementGrenobleFrance

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