The role of cost-based method of activity and target cost in improving the efficiency of financial performance of service organizations University of Sirte as a model

Abstract

The study aimed to identify the effect of two methods (cost based on activity and target cost) as a modern approach to cost management in increasing the efficiency of the financial performance of the service organizations. The study concluded that the practical training on ABC and the scientific developments helped to raise the efficiency of performance. The target cost of objective measurement of indirect costs contributed to raising the efficiency of financial performance. The study recommended several recommendations, including: directing the management of the University of Sirte to establish a special section to account for costs and provide the necessary facilities for training in modern methods