Professor Jayaram Ramakrishnan, Professor of Practice, IFMR GSB has authored a book titled, Enterprise Performance & Risk Management for MSMEs – A Primer on behalf of the Institute of Cost Accountants of India (ICMAI). The updated edition of the book was released on 11 January 26 at the 63rd National conference of The Institute of Cost accountants of India (ICMAI) at Coimbatore. The book was reviewed by leading academics and industry professionals including Professor G Balasubramanian, Senior Professor and Advisor, IFMR GSB.
The book deals with development of a Management Accounting framework for MSMEs. This was motivated by the existing low uptake and inconsistent use of Management Accounting Practices by MSMEs as observed and suggested by prior research in an Indian context. MSMEs were often found failing to leverage adequately. the potential of management accounting for helping them achieve their financial objectives (primarily profitability and liquidity) while also adequately insuring against risks.