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Showing posts with the label Cost Accountant

Job Target, Institutions and Unemployement.

Suppose that we all are students having common goals to flourish in life and get right job in right time and become professional of our relevant field. Suppose, again, we want to get exactly what we desire for. It is human nature to think in advance to make dreams of future. We all peoples being students make future plan too. Some of us want to become Electrical Engineers, Doctors, Architects, or some others to be Accountants and Business Executives. All imaginations in the minds of student should be, to achieve goals in general. In Pakistan various educational institutions, Universities and Colleges are providing education to students. Higher Education Commission (HEC) is the central governing body controlling affairs of the institutions. Unfortunately, there are less educational institutions providing up to standard quality education. Today, in this business world, every day some new discoveries are made in technology and old-fashioned equipment are discarded out of market. One sho...

Cost and Management Accountant last hope for Pakistan Industries.

There are various Professional institutions in Pakistan like; Institute of Cost and Management Accountant of Pakistan (ICMAP), Institute of Corporate Sectaries of Pakistan (ICSP), Pakistan Institute of Public Finance Accountants (PIPFA) and  Institute of Chartered Accountant of Pakistan (ICAP).  ICSP members works as Company secretaries for large organizations where they deal in company affairs PIPFA and ICAP members works in finance and Accounts at middle levels and majority Chartered Accountants are also employed in companies as Auditors where they just audit companies accounts instead of value addition in business. Pakistan with weak industry, under deep crisis need survival. Most of the industries working in Pakistan are generating very low profit the reasons may be that these having high production cost or higher Cost of sale, or having unskilled labours or lack of Professionals like; Cost Management Accountants or Industries do not have sufficient capital to invest for e...