Cost Accounting and Management of the Product Life Cycle

With the rapid development of modern economic society, the product life cycle cost accounting system is more in line with the requirements of modern enterprise. It not only can promote the improvement of the enterprise cost management system, also can help enterprise managers to make more accurate production and management decision-making, strategic development planning, etc., and then promote the development of enterprises. Under the guidance of life cycle cost thought, the enterprise needs to pay more attention to production pre-and post-responsibilities, and the cost will be responsible for the need, assigned to the corresponding product cost accounting scope, and makes every effort to get more extensive and comprehensive cost accounting scope, in order to achieve more accurate product costs. This paper, the combination of the product life cycle theory and cost management strategies, describes the life cycle costing relevant theoretical basis, and makes a detail description of each stage of product life cycle cost of the collection which based on the operation management, points out that the key point of each stage of the product cost control and cost management strategy. At last, by quoting examples, it reproduces the new cost management system in practical application in modern enterprise.