The Hurdle to Implementation of ABC in Automotive Engineering MSME Units in Gujarat
Published: 2022
Author(s) Name: Suresh Prajapati and Paresh Shah |
Author(s) Affiliation: Professor, Rai School of Management Studies, Rai University, Ahmedabad, India.
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Abstract
There has been much debate over the best method of accounting for the costs
incurred by Indias manufacturing sector, particularly the sectors devoted to the
mechanical processing of goods. However, it is widely accepted that many small
and medium-sized enterprises (SMEs) in the Automotive Engineering industry
continue to use outdated costing methods because they lack access to modern
resources and training. In their review of the existing literature, the authors
identified a need for further investigation into the challenges faced by the small
and medium-sized enterprises (SMEs) in Indias Automotive Engineering
Industry when adopting the ABC costing approach. The ubiquity of SMEs,
especially those involved in the automotive engineering industry, gives this
study great importance for offering practical advice.
Keywords: ABC, Costing, SME, Industry
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