Cockroach Theory- A beautiful speech by Sundar Pichai ( Chief Executive Officer of Google Inc) 

The cockroach theory for self-development.

At a restaurant, a cockroach suddenly flew from somewhere and sat on a lady.

She started screaming out of fear. With a panic stricken face and trembling voice, she started jumping, with both her hands desperately trying to get rid of the cockroach. Her reaction was contagious, as everyone in her group also got panicky. The lady finally managed to push the cockroach away but ...it landed on another lady in the group. Now, it was the turn of the other lady in the group to continue the drama. The waiter rushed forward to their rescue. In the relay of throwing, the cockroach next fell upon the waiter. The waiter stood firm, composed himself and observed the behavior of the cockroach on his shirt. When he was confident enough, he grabbed it with his fingers and threw it out of the restaurant. Sipping my coffee and watching the amusement, the antenna of my mind picked up a few thoughts and started wondering, was the cockroach responsible for their histrionic behavior? If so, then why was the waiter not disturbed? He handled it near to perfection, without any chaos. It is not the cockroach, but the inability of those people to handle the disturbance caused by the cockroach, that disturbed the ladies. I realized that, it is not the shouting of my father or my boss or my wife that disturbs me, but it's my inability to handle the disturbances caused by their shouting that disturbs me. It's not the traffic jams on the road that disturbs me, but my inability to handle the disturbance caused by the traffic jam that disturbs me.

More than the problem, it's my reaction to the problem that creates chaos in my life.

Lessons learnt from the story:

I understood, I should not react in life.
I should always respond.

The women reacted, whereas the waiter responded.

Reactions are always instinctive whereas responses are always well thought of.

A beautiful way to understand............LIFE.

Person who is HAPPY is not because Everything is RIGHT in his Life.

He is HAPPY because his Attitude towards Everything in his Life is Right..!!

Credit To : Divya Brahmbhatt (CSWE)

There are two (2) techniques be involved in cost accounting:-
1) doing report on financial statements by determining costs of products, processes, projects and etc in a correct amounts
2) can be a tools for management to make a decision making, planning and control the organization

How cost accounting can assist management?
Cost accounting provide analysis of cost behavior, cost-volume-profit relationships, operational and capital budgeting, standard costing, variance analysis for costs and revenues, transfer pricing, activity-based costing and more.

Cost accounting is a type of accounting process that aims to capture company's costs of production by assessing input costs of each step of production including fixed costs and depreciation of capital equipment. Then, in measuring financial performance can help the management to compare input results, output results and actual results.

Cost accounting can be most beneficial as a tool for management in budgeting and in setting up cost control programs, which can improve net margins for the company in the future.