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

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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.

Data Availability

Not applicable for this article.

How to Cite This Article

nitin sharma. 2013. "Current Trends of application of Activity Based Costing (ABC): a Review". Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 13 (GJMBR Volume 13 Issue 8 (D3)).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
Classification
GJMBR-D Classification JEL Code: D23
Version of record
v1.2

Issue date
March 11, 2013

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

nitin sharma
nitin sharma Green Hills Engineering College, Affiliated To Himachal Pradesh University, Shimla