Handbook Of Factory Accounts

A paradigm shift is taking place for business units in general and manufacturing units in particular in the post-GATT liberalized Indian Economy. It is now accepted that the success or even the survival of a manufacturing unit lies in its ability to compete on three dimensions - Cost, Quality and Timeliness. These, in turn, have their roots in factories, where the action of manufacturing takes place. The Factory Management has to cope with these apparently conflicting goals proactively on a continuous basis within the constraints of external legal framework. The factory accounts service function is to be prepared to look beyond score-keeping and to tune itself to record and capture these dynamic forces for strategic decision making as well. In this effort, not only the accounts per se but also, more importantly, the owners, owner-managers, and all other managers from different backgrounds need to participate almost with a crusading seal. This presupposes a lear and deep understanding of this function its role and utility at a certain level of detail. An appreciation of its core knowledge is essential. This Handbook, first-of-its-kind in India is designed to offer this core knowledge is a capsule form to everyone concerned with factories - small, medium and large. It is the first book for the uninitiated on a handy reference work for the professional accountant.