he role of time-driven resource consumption accounting technology in rationalizing product cost

Abstract

This research aims to study the relationship of employing the time-drivev resource consumption accounting technique by applying it in the ready-made garments factory in Najaf. To achieve this goal, the researcher relied when applying the above technique on the data obtained through field visits and personal interviews with workers and officials in the factory and some sales agents, as well as the data extracted from the factory records of the research sample. And because the traditional costing systems are no longer able to provide appropriate information that keeps pace with the developments and changes in the current business environment and the fierce competition it includes, because these systems have been found as a basis for serving a suitable business environment that is consistent with its requirements, whose features have disappeared today and have been replaced by a business environment with Completely different features that made the economic units face to face with the risk of non-continuity and the deterioration of their competitive position if they did not reconsider in terms of applying those systems and take the initiative in adopting modern strategic techniques in the field of cost and administrative accounting. The time-oriented resource consumption accounting technique is among the most important strategic techniques for managing Cost in the modern era, which can be employed by economic units to achieve rationalization in the cost of their products in a way that helps in achieving optimal utilization of resources, improving product processes, eliminating waste and loss, and as a result enhancing competitive advantage by providing high quality products that meet customer requirements, In a timely manner, and at low prices. The research has reached a number of conclusions, the most important of which is that the ready-made garment factory in Najaf, as the research sample, suffers from the lack of features for applying the time-oriented resource consumption accounting technique, by applying which the goal of cost rationalization can be achieved as well as providing useful information The administration helps in making various decisions.