EMPLOYING A RESOURCE CONSUMPTION AND COST ACCOUNTING SYSTEM BASED ON TIME-ORIENTED ACTIVITIES TO ACHIEVE A COMPETITIVE ADVANTAGE - AN APPLIED STUDY
Costs playing an essential role in all manufacturing companies, so many companies are interested in searching for tools and methods that reduce costs as one of the most important factors of success for these companies, and in light of what Iraqi manufacturing companies suffer from intense competition due to the invasion of foreign products to the markets at low prices compared to the product. The local, which is characterized by the high cost of its production, as well as the adoption of traditional methods in production and in calculating costs, all of this has an impact on the company's competitive ability, so this research aims to shed light on modern cost systems because of their role in achieving competitive advantage, and these systems include accounting for resource consumption and costs On the basis of time-oriented activities, the role of these two systems is to achieve optimal utilization of resources and reduce costs by separating and excluding idle energy. Where the two systems were employed and applied in the heaters factory of the General Company for Electrical and Electronic Industries
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