The material presented in the book is based substantially upon the experience gained by implementing Activity Based Costing system in a large-scale multi product heavy engineering industry in an high technology intensive environment. The model so developed has been further refined through in-house discussion and feedback from users and the personnel of the top management. Further, the architecture of the model and the benefits derived through ABC implementation have been presented in an international seminar conducted by Punjab University and the Institute of Cost & Works Accountants of India (ICWAI). The salient features of ABC model have been presented in workshops conducted by Confederation of Indian Industry (CII), Institute of Chartered Accountants of India (ICAI) and Indian Institute of Management-Bangalore (IIM-B).

Outstanding Features

* Organized into seven chapters, it provides a practical approach for developing an ABC model suited to manufacturing enterprises.

* Addresses the theoretical concepts pertaining to Activity Based Costing including the mechanics of ABC.

* A comprehensive case study on application of ABC in a large heavy engineering organization is developed in different chapters of the book. Readers can use this case study for understanding the aspects of ABC.
* Provides the live examples of ABC application in the areas relating to reduction of NON VALUE ADDED ACTIVITIES (NVA) in the organization and the impact on production cycle time and on profit generation.

* Addresses the issues relating to software selection for ABC implementation and also provides the features of the in-house software developed for implementing a budget system based on ABC model.

* Discusses integration of ABC with other performance measurement systems like Economic Value Added (EVA), Theory of Constraints (TOC), Balance Score Card (BS) and also briefly about ABC application in service sector like banking sector.