Current Trends of application of Activity Based Costing (ABC): a Review

1
nitin sharma
nitin sharma
2
Dr. Nitin Kumar
Dr. Nitin Kumar
3
Dalgobind Mahto
Dalgobind Mahto
1 Green Hills Engineering College, Affiliated To Himachal Pradesh University, Shimla

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Activity-based costing (ABC) is a method for determining true costs. Though ABC is a relatively recent innovation in cost accounting, it is rapidly being adopted by companies across many industries, within government and other organizations like institutions, finance or service sectors. In the light of current practices, this paper emphasizes to understand the need and importance of ABC costing in the organizations. This is coupled with management methods, an extensive range of uses, empowering utilization of ABC information for a wide variety of company functions and operations such as process analysis, strategy support and time-based accounting, monitoring wastage and quality along with productivity management.

60 Cites in Articles

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

nitin sharma. 2013. \u201cCurrent Trends of application of Activity Based Costing (ABC): a Review\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 13 (GJMBR Volume 13 Issue D3): .

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GJMBR Volume 13 Issue D3
Pg. 11- 24
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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April 23, 2013

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Activity-based costing (ABC) is a method for determining true costs. Though ABC is a relatively recent innovation in cost accounting, it is rapidly being adopted by companies across many industries, within government and other organizations like institutions, finance or service sectors. In the light of current practices, this paper emphasizes to understand the need and importance of ABC costing in the organizations. This is coupled with management methods, an extensive range of uses, empowering utilization of ABC information for a wide variety of company functions and operations such as process analysis, strategy support and time-based accounting, monitoring wastage and quality along with productivity management.

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Current Trends of application of Activity Based Costing (ABC): a Review

Dr. Nitin Kumar
Dr. Nitin Kumar
Dalgobind Mahto
Dalgobind Mahto

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