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Selected Works

2006

Discipline
Institution
Keyword
Publication
File Type

Articles 1261 - 1261 of 1261

Full-Text Articles in Social and Behavioral Sciences

Activity Based Costing For Better Cost Management, Babu P. George Dec 2005

Activity Based Costing For Better Cost Management, Babu P. George

Babu George

Implementing change in
management, successfully and profitably,
is the greatest challenge for modern
enterprises. Innovation in strategies,
marketing performance, role of
competition, change in technology, change
in customer needs, management initiatives
are all facts of life in the global
environment today. Cost management
works with its customer to manage change
more profitably. Activity-Based Costing
(ABC) is a new methodology of product
costing which measures the cost of
products more accurately. Overhead
allocation is much more sophisticated
under this system. This paper attempts to
highlight the need, importance and
methodology of ABC for better Cost
Management in modern enterprises.

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