Cma

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Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2012 Dear experts....what is the advantage of doing ICWA with MBA IN FINANCE??..some experts say that MBA finance with ICWA is a very good option... what is the relation between COST and FINANCE???..

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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22 April 2012 First of all you have to prepare a budget of anything whether it is you personal expenses or setting up of an industry thereafter finance is required at the time of production costing is equally important without which you cannot cut the cost and compete in the market. Now, you decide what is the relation between cost and Finance

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dhanwanti kourani

dhanwanti kourani (Expert)
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24 April 2012 Well costing definitely affects your finance as it hits your budget as said by Mr.Agarwal... In a manufacturing concern there should be coordination between finance as cost of production(COGS)is a key determinant of your profitability.
If the concern is using ERP...then it a golden combination.