The Role of Modern Costing Techniques (Green Target Costing, Total Quality Management) in Reducing Production Costs and Achieving Sustainable Development Goals: “An Exploratory Study in the Iraqi Stock Market”

Authors

Mawj Abbas Jasim Alhchaimi, ThiQar Technical College, Department of Accounting Techniques, Southern Technical University, IraqFollow
Ali Mahdi Hameed, Al-Furat Al-Awsat Technical University, Al-Dewaniyah Technical InstituteFollow
Fatimah Flayyih Oudah, Al-Furat Al-Awsat Technical University, Al-Dewaniyah Technical InstituteFollow
Adnan Kadhum Matrood, Al-Furat Al-Awsat Technical University, Al-Dewaniyah Technical InstituteFollow

Abstract

Costing techniques, such as Green Target Costing and Total Quality Management, play a crucial role in achieving sustainable development goals. These techniques assist organizations in achieving integration between economy, environment, and society, leading to sustainable development. Green Target Costing helps identify and reduce environmental costs, encouraging companies to use resources efficiently, and contributing to sustainable development goals. Additionally, Total Quality Management improves quality, reduces costs, and promotes a quality culture within the organization, ultimately contributing to sustainable development through enhanced institutional performance. The use of these costing techniques, Green Target Costing and Total Quality Management, enables organizations to achieve sustainable development by enhancing institutional performance, and integrating economic, environmental, and social aspects. The study’s key conclusions are that Green Target Costing and Total Quality Management techniques aid in promoting sustainability, reducing environmental impact, and achieving sustainable development goals. Furthermore, these techniques improve performance, achieve strategic objectives, and contribute to sustainable development. The study recommends inter-organizational cooperation to share experiences and knowledge about Green Target Costing, Total Quality Management, and sustainable development. Regular and continuous evaluation of an organization’s performance regarding Green Target Costing, Total Quality Management, and sustainable development is also recommended.

Keywords

Green Target Costing, Total Quality Management, Sustainable Development

Recommended Citation

Alhchaimi, Mawj Abbas Jasim; Hameed, Ali Mahdi; Oudah, Fatimah Flayyih; and Matrood, Adnan Kadhum (2025) "The Role of Modern Costing Techniques (Green Target Costing, Total Quality Management) in Reducing Production Costs and Achieving Sustainable Development Goals: “An Exploratory Study in the Iraqi Stock Market”," Muthanna Journal of Administrative and Economics Sciences: Vol. 15 : Iss. 3 , Article 5.
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