Performance Costing System of Indian Railways: Role of CMAs

Abstract

Digital System for bullet rains and metro trains can be designed by engineers with the help of Cost & Management Accountants. Costs to railways can be bifurcated according to different activities performed.

Performance costing system can be developed by using Activity Based Costing (ABC) Method. The best opportunity for cost accountants in Indian Railways is Cost Benefit Analysis for Bullet Train Projects declared by the Government recently. Ahmedabad-Mumbai bullet train project is one of them.