Simplicost - A Cost Partha System for MSMEs

Authors

  • Mahadevan Gopalakrishnan Practicing Cost Accountant, Chennai & Former President (2011-12), The Institute of Cost Accountants of India

DOI:

https://doi.org/10.33516/maj.v55i6.78-84p

Keywords:

No Keywords.

Abstract

In this article, the author lobbies for a simplified approach to costing, addressing the requirements of small enterprises, and takes a cue from the India centric approach of the famous “Parta†system. The one time cost sheet for each product, subject to updates on a need basis, tries to address the need for daily performance monitoring of costs and course correction from an engineering based approach.

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Published

2020-06-30

How to Cite

Gopalakrishnan, M. (2020). Simplicost - A Cost Partha System for MSMEs. The Management Accountant Journal, 55(6), 78–84. https://doi.org/10.33516/maj.v55i6.78-84p

Issue

Section

Costing

References

SIMPLICOST: Publication by Chartered Institute of Management Accountants, UK (Date unknown)

https://www.topcafirms.com/white-paper/parta-systemto-lean-management-accounting-by-dr-nn-sengupta

Capacity Measurement and Improvement: A manager’s guide to evaluating and optimizing Capacity Productivity – Consortium of Advanced Management International, 1997 – A CAM-I publication. PP.20 Chapter. 2

Vangemersch Richard, Alexander Hamilton Church (New York: garland Publishing.Inc.1988 P.71

https://www.apriori.com/product/function/ - Simulation-Driven Costing Enables Quick Comparison of Design Alternative

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