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

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

nitin sharma

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Dr. Nitin Kumar

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Dalgobind Mahto

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Himachal Pradesh University

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

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Abstract

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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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.

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How to Cite 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

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

activity based costing cost drivers value added activity

Submission ReceivedDecember 6, 2012
Peer Review Double Blind
Handling Editor
Accepted January 3, 2013
Published January 15, 2013

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v1.2

Issue date

April 23, 2013

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Article Matrices

Total Score: 107

Country: India

Subject: Global Journal of Management and Business Research - D: Accounting & Auditing

Authors: Dr. Nitin Kumar, Dalgobind Mahto (PhD/Dr. count: 1)

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