Made in India will be lost if we are not globally competitive in input cost- This is a statement made by RC Bhargava –chairman of Maruti Suzuki-the biggest player in the Indian auto sector recently. Though he spoke in context of labour input cost and the absence of kaizan type labour maturity, I think it … More Activity Based Costing- A pragmatic decision.
Having a proper inventory accounting and linked product wise costing system is not only about profitability analysis, strategic planning and effective decision making, it is also about “EFFECTIVE CONTROLLING “ the performance of the business. Large enterprises pay millions to enjoy the benefits of the controllability function in SAP ERP especially when the ownership and … More COSTING -A Vital element of internal control mechanism
Don’t take rest after your first victory because if you fail in second, more lips are waiting to say that your first victory was just luck. All birds find shelter during a rain. But Eagles avoid rain by flying above the clouds. Problems are common, but attitude make the difference. Failure will never overtake me … More 9 Inspirational Ouotes by APJ Abdul Kalam
Dear Member, Please find the below check list of Site Waste Management Plan which will help you to develop an effective SWMP for your organisation. Effective SWMP gives the result of efficient operation and helps to control or save the cost of operation. Check List: Planning and preparation Have you set aside time to prepare … More Check List – Site Waste Management Plan
In continuation to my previous articles on cost accounting profession I will be discussing about the new segment of strategic cost management where those cost accountants who are employed needs to focus. As we cost accountants are now in the mode of decision making we need to develop strategies breaking the traditional strategies. The Time … More Strategic Cost Management….Innovation In Sales Matrixes
As India’s financial markets become more dynamic and the economy continues to evolve and diversify under the Narendra Modi government, investors also need to evolve the way they assess credit risk. http://www.livemint.com/Opinion/dfFoaObOhoJWFG8qoyzRTJ/Understanding-credit-risk-in-India.html
Success can be defined a million different ways — and it looks different for everyone who achieves it. But one thing all successful people have in common is an insatiable passion for something, and the motivation to constantly improve it. Showcasing this universal theme of passion and drive, Stratx has created an infographic revealing the most striking … More 30 inspiring quotes from super-successful people that every professional should read