Costing
Cost Audit & Compliance Report
Section 148 of the Companies Act, 2013 provides for mandatory Cost Audit. Government
of India, Ministry of Corporate Affairs issues orders for Cost Audit either to specific
Company or to all companies in specified Industry fulfilling certain conditions.
Maintenance of Cost Records.
Cost Study and Analysis
In the recently changed global scenario, profit target is set by the top management
and the gap between the price, which is ruled by market forces, and profit defines
cost. Analysis of cost containing elements has acquired tremendous importance. These
cost studies have an objective of working out costs under given parameters and the
projections of cost based on changed parameters., size of business, degree of competition,
capacity considerations, Government Regulations and policies, cyclical demand, health
of economy, technology etc. largely impact the cost and hence determination of cost
and its analysis is essential for the long term survival and growth of any business
entity.
As Dr Bhargave has been awarded with Ph D in Cost Reduction through Tax planning,
his expert services are proved to be helpful to many Industries and establishments.
Costing Systems – installation, implementation and follow up.
Cost determination on real time basis requires robust system for capturing the cost
and its assimilation. Right from the point of first incurrence through various stages
till the goods and services are sold, post sales costs including winding up costs
must be captured and considered. Right from manual recordings to sophisticated ERP
Systems require initial set ups and timely updation thereof to reflect correct costs.
Once the systems are put in place, the results are to be critically reviewed to
their correctness, which is the stage of implementation. The results from the systems
implemented require review and monitoring on periodic basis to achieve the objectives
of the project. We actively “involve” ourselves and do complete hand holding for
our clients till they are fully acquainted with the systems.