Activity Based Costing in Educational Institutions. ABC as an Innovative Approach

      Аннотация: The book explicates the nature, dimensions, significance, system and procedures and rationale of Indian universities and intends to introduce costing approach in education sector. It presents a clear and concise picture of income v/s expenditure for a functional set up and assists in systematic approach for deciding the fee structure and other financial activities. Activity Based Costing, which can be a powerful tool, will provide measurable parameters for budgetary planning and monitoring, following the principle of ‘not a profit making venture'. The book consists of six chapters. The introductory chapter delineates the salient features and concepts of cost and costing. The next chapter is on methodology. The third chapter highlights the holistic understanding of university functions, organizational systems and cost-incidence-relationship. The next chapter elucidates the activities associated with services. Observations and implications are dealt in the fifth chapter by the way of analysis and discussions. The last chapter is made to express conclusion with an objective to venture a pathway of cost monitoring for optimal system design and operation.

Ключевые слова: Activity Based Costing, ABC, educational institution, University System, Costing and Management, Innovative Approach to Costing, policy development, cost evaluation, cost analysis