Management accounting with product development in business

Abstract

Product development is an important and necessary activity for manufacturing enterprises to survive and grow in an internationally integrated economy. In order to successfully develop products, companies need to coordinate and maximize the role of management accounting. This study aims to clarify the role of management accounting in product development. At the same time, the study provides recommendations for businesses on skills and experience requirements for management accounting as well as the ultilization of management accountants, and especially proposes management accounting methods to apply in stages of product development.