Environmental Costing Made Simple: Highlights from ICMAI’s Guidance Note
Guidance Note on Environmental Costing by ICMAI The “Guidance Note on Environmental Costing” issued by the Institute of Cost Accountants of India (ICMAI) in April 2025 is a timely and comprehensive document aimed at integrating environmental considerations into cost accounting practices. This guidance note responds to the growing need for businesses to measure, manage, and […]
Cost Reduction – Role of the Management
In today’s highly competitive and globalized business environment, cost reduction is not merely a financial necessity but a strategic imperative. Rising input costs, shrinking margins, regulatory challenges, and economic uncertainties have compelled companies to reassess their cost structures continually. Amidst these dynamics, the role of management becomes pivotal—not only in identifying and implementing cost reduction […]
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