Recently Updated Pages
Costing Framework for Decision Making
Introduction Let us start our discussion with a costing framework suitable for decision making. ...
Method of Indirect Cost Allocation
1. Allocation Principle Cause & Effect: A product should absorb the cost of any department whos...
Indirect Cost
1. Definitions Direct Costs Traceable to a specific product Examples: wood, plywood, laminatio...
Treatment of Process Losses
1. Introduction Real‑world reality: Processes incur losses, wastage, defective units. Loss tim...
Joint and By-products Costing
1. Definitions & Context Joint Products: Two or more products of significant value emerging sim...
Process Costing
1. Process Industries Definition: Firms producing identical products or services through a cont...
Customer Costing
1. Extension of Job Costing Definition: Customer costing extends job costing by pooling costs o...
Job Costing
1. Job as a Cost Object Definition: A job is treated as a cost object. All costs related to tha...
Methods of Product Costing
Broad Methods of Product Costing There are two broad methods of product costing: 1. Job Costing ...
RK Forging Case Study Notes
Introduction Company: RK Forging, based in Coimbatore. Industries Served: Power, Automotive, O...
Costing in Service Industry
Service Sector Costing 1. Importance of Service Sector Contributes over 61 % of GDP (up from 59 ...
Preparation Of Cost Sheet
Cost Sheet Preparation: Autocomp Ltd 1. Cost Sheet Overview Definition: Final output of the cos...
Costing System
1. Illustrative Example: Government Hospital Tender Context: You work for a government hospital...
Basic Cost Terms and Concepts
R&D Project Decision Example Project cost: 100 m Estimated benefits (original): 160 m Amount ...
Introduction
Uses of Financial Reports External users rely on financial reports: Investors – assess finan...
hi HARSHIT
'Meesho' venture building journey, along with insights from Vidit and Sanjeev, founders of 'Meesho'
In this section we summarize the key lessons from Meesho's entrepreneurial journey, including per...
Discussion on lean canvas and product-market-fit for 'Meesho'
In this section, we focus on creating a Lean Canvas for Meesho after its second pivot and then di...
Discussion on Lean Canvas and product market fit for 'Merishop'
Here, in this section we analyze the Lean Canvas of the pivoted venture, Merishop (the backstory ...
Discussion on the Lean Canvas for 'Fashnear' and problem-solution-fit
In this section, we review hypothetical Lean Canvases for Fashnear and assesses whether the ventu...