Modern Cost Management,

With the arrival of social tideway of new industry, Manufacturing and running environment of enterprise gave obvious change and it made traditional cost management method suffer unprecedented impact. In accordance with this prospect, developed capitalism countries made the first step of innovation on Cost management theory and practice. It mainly showed rising of Activity-Based Cost Management in American and Target Costing in Japan. At present they are turning into main thought of guiding cost management in the world.Activity-Based Cost Management and Target Costing got rid of distortion of cost information and disappointing control effect because of only emphasizing control after the event for product cost under the traditional cost management method and gained magnificent effect. But they also have many shortcomings, furthermore their merits replenish each other. So in the thesis on the basis of analysizing this two typical patterns, a type of more integrated modern cost management system is built through combining their advantages and merging some modern management thought that is effective by testifying. Finally in the light of this system, I analyze the cost management pattern of HanDan steelworks that has important effect in our country at present theoretically and give some advice about improving and perfecting it.