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The Hurdle to Implementation of ABC in Automotive engineering MSME Units in Gujarat


Affiliations
1 Gujarat university., India
2 Principal and Professor, Rai School of Management Studies, Rai University, Ahmedabad, India
     

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There has been much debate over the best method of accounting for the costs incurred by India's 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accepted that many small and medium-sized enterprises (SMEs) in the Automotive Engineering industry continue to use outdated costing methods because they lack access to modern resources and training.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 India's 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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  • The Hurdle to Implementation of ABC in Automotive engineering MSME Units in Gujarat

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Authors

Suresh Prajapati
Gujarat university., India
Paresh Shah
Principal and Professor, Rai School of Management Studies, Rai University, Ahmedabad, India

Abstract


There has been much debate over the best method of accounting for the costs incurred by India's 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accepted that many small and medium-sized enterprises (SMEs) in the Automotive Engineering industry continue to use outdated costing methods because they lack access to modern resources and training.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 India's 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.

References