Obstacles to Applying the Target Costing Approach in the National Company for Mills and Feeds.

Dr. Khairiya Muhammad Ibrahim Abubakar / Dr. Mabrouka Mzoughi / Mr. Mansour Ali Al-Turki

This study examined the obstacles to applying the target costing approach in the National Company for Mills and Feeds. It aimed to introduce the target costing approach, highlight its role in cost reduction, and enrich Libyan academic literature in this domain. The research utilized deductive and descriptive-analytical methodologies, employing a questionnaire to collect data from a sample size of 58 valid responses, which were statistically processed using SPSS. The study revealed several key findings: cost reduction is not prioritized as a core strategy within the company, there is a lack of clear procedures and flexible accounting systems for implementation, and academic curricula in Libyan universities face deficiencies in covering modern costing techniques. Additionally, high switching costs and a lack of specialized training further hinder adoption. The study recommended adopting modern cost reduction techniques, conducting continuous training for accounting staff, and updating university accounting curricula.

Target Costing, Cost Management, National Company for Mills and Feeds, Cost Reduction, Accounting Systems.