Details

Case

Educator Copy

Nirala: The Cost Question

Wasif M Khan


INDUSTRY : Food

AREA : Accounting & Control

ORGANIZATION : Nirala

LENGTH : 5

LUMS No : 01-504-2002-1

PUBLICATION YEAR : 2002

DESCRIPTION

KEYWORDS:

Nirala,Cost Question,Accounting,Control,Manager,Sweets,Food,Tradition,Brand,Cost Management


DESCRIPTION:

The owner-manager of the country's leading sweetmeats (mithai) producer seeks cost information to support decision-making. A high growth strategy based on a reputable brand name is leading to professionalizing the traditionally managed firm. The case illustrates the important concepts underlying cost management and the importance of such information for growing firms.


LEARNING OBJECTIVES:

1) To introduce the idea of the wide range of definitions and classifications about costs. 2) To help students conceptualise the critical importance of different costs for different purposes. 3) To illustrate the many factors that motivate cost systems development. 4) To illustrate the rle of educated managers in driving cost systems development.


SUBJECTS COVERED:

Accounting & Control