In recent past world has become a global village , use of high tech in operations, freelancing, ever changing business policies and decline in oil prices requires all business to manage their financial resources and costs in a optimal way to compete in global business environment.
Cost reduction strategies , better management of financial resources, financial planning and allied strategies add value to business as well provide edge of competitive advantage.
KK Consultant is here to help out to manage your financial resources and costs, our financial management services include the following:
A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.
Budgeting is considered more crucial in NGO sector as release of grants by donors mainly depends on project budgets and utilization of funds.
Budgeting services can be used by both manufacturing and services sectors. Forecasting and forward planning solutions that will help you be able to cover any future expenses, if and when they arise.
We align budgeting process with cost accounting techniques to implement cost control strategy in manufacturing and industrial concerns. cost budgeting is considered a key factor in overall planning process, as cost can be managed by a business, unlikely revenue.
For investors to engage in launching a product or investment project, the plan has to be financially viable. Invested capital must show the potential to generate an economic return to investors at least equal to that available from other similarly risky investments, i.e. the return on investment needs to be equal or higher. For example, an investor expects a manufacturing facility to generate sufficient cash flows from operation to pay for the construction of the facility and ongoing operating expenses and, additionally, have an attractive interest rate of return.
A cost accounting system is a framework used by firms to estimate the cost of their products for profitability analysis, inventory valuation and cost control.
Estimating the accurate cost of products is critical for profitable operations. A firm must know which products are profitable and which ones are not, and this can be ascertained only when it has estimated the correct cost of the product. Further, a product costing system helps in estimating the closing value of materials inventory, work-in-progress and finished goods inventory for the purpose of financial statement preparation.