Improving the value of the product by employing of Time Driven - Performance Based Costing technique (An Empirical Study

Abstract

The Time Driven - Performance Based Costing technique Considered as most important strategic cost management techniques in the modern era, through which economic Entitles can perform their objectives by improving the value of the product, reducing its cost and providing products that meet the requirements and needs of the customer through their performance, low prices and high quality that enjoy out.

Accordingly, the most important objectives of the current research is to study the above technique by applying it in one of the factories of the General Company for Textile and Leather Industries, which is the ready-made clothes factory in Najaf. For the purpose of achieving this goal, the researchers, when applying the time- driven performance-based costing technique, relied on the data obtained in several ways,  including field visits, personal interviews with workers and officials in the factory as well as sales agents, as well as data extracted from the accounting and cost records in the factory the research sample. 

The researchers reached A set of conclusions, the most important of which is that a factory for ready-made clothes in Najaf, as the research sample, suffers due to the lack of application of the time- driven performance-based costing technique, which can achieve its goals by reducing cost and improving the value of the product, so the most important Issue in this The research of recommendations emphasizes the focus of attention to the application of the above-mentioned technology for its role in achieving this goal.