Role of Resource Consumption Accounting in Supporting the Practices of Value-Maximizing and Cost-Reduction in Strategic Thought: A Theoretical Study

  • Nabil Ahmed Mareai Senan, Adeeb Abdulwahab Alhebri


Thestudy presents Resource Consumption Accounting (RCA) and its role as a contemporary cost approaches in support of the practices of value maximizing and cost reduction in strategic thinking. The study adopts a descriptive approach, based on content analysis, in an attempt to prove its prime goal. The study emphasizes the importance of the role played by RCA in support of the practices common in strategic thought, such as Lean Management, Six Sigma, Supply Chain Management and Target Costs.