The present textbook titled “Activity Based Costing” has been meticulously
prepared to cater to the academic and practical needs of M.Com students,
especially in alignment with the National Education Policy (NEP) 2020. The
book is designed to enhance conceptual understanding, analytical ability, and
application skills, with a focus on interdisciplinary learning and real-world
relevance.
Activity Based Costing is an essential component of modern business
practices. It ensures cost transparency, efficiency, and compliance with statutory
regulations. The subject is not only vital for students aspiring to become cost
auditors or management professionals but also for those aiming to contribute to
sustainable business practices.
This book is structured to meet the curriculum framework recommended by
NEP 2020, which emphasizes a holistic, flexible, and multidisciplinary approach
to higher education. It encourages critical thinking, skill development, and ethical
values through integrated content. Each chapter includes learning outcomes,
conceptual clarity, practical examples, case studies, MCQs, and assignments to
enhance student engagement and comprehension.
Salient features of this book include:
• Coverage of key concepts of Activity Based Costing, including its
objectives, planning, execution, and reporting.
• Emphasis on legal framework and professional ethics relevant to cost
auditing.
• Integration of real-life case studies and industry-based examples.
• Inclusion of self-assessment tools, such as objective questions, review
questions, and practical problems.
• Focus on skill-based learning and outcome-based education as
advocated by NEP 2020.
We hope this textbook serves as a valuable academic companion to students,
teachers, and practitioners alike. We sincerely welcome feedback and suggestions
for improvement in future editions.