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Fcma Arti Arora

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Why Every Business Needs Product Costing Advice from a Cost Accountant

July 12, 2026 432 Views 0 comment Print

Accurate product costing is essential for sustainable profitability, yet many businesses continue to price products and services without knowing their true cost. A qualified Cost and Management Accountant (CMA) helps organizations determine the actual cost of production or service delivery by analysing material, labour, overheads, capacity utilisation, inventory, quality costs, and other cost components. Professional […]

Energy Sector: Cost Audit in Power, Oil & Gas

January 7, 2026 921 Views 0 comment Print

This explains why power, oil, gas, and coal companies fall under mandatory cost audit regulations. The key takeaway is that meeting turnover thresholds triggers strict compliance obligations.

Cost Audit Applicability on Industry

December 28, 2025 2607 Views 0 comment Print

This explains when manufacturing companies must undergo cost audit based on turnover thresholds. The key takeaway is that exceeding ₹100 crore overall turnover and ₹35 crore product revenue triggers compliance.

Cost Audit Applicability on Pharma Industry

December 22, 2025 951 Views 0 comment Print

Cost audit applies to pharma companies crossing prescribed turnover limits, ensuring transparency and compliance with price controls under the DPCO.

Role of Cost Accountant in inventory valuation under Income Tax

April 7, 2023 3396 Views 0 comment Print

Discover the significance of inventory valuation in income tax and the crucial role cost accountants play in this process. Learn about inventory valuation methods and the responsibilities of cost accountants, including choosing valuation methods, determining costs, maintaining accurate records, ensuring compliance with tax regulations, and coordinating with other departments. Stay informed to ensure accurate and compliant inventory valuation for your business.

Consequences of not following provisions of Section 38 of GST Act 2017

March 30, 2023 3501 Views 0 comment Print

Understand the implications of not adhering to Section 38 of GST Act 2017. Explore the consequences, including ITC reversal, penalties, interest, scrutiny, and reputational damage.

MCA notice for non-compliance of provision related to Cost records & Solution

March 24, 2023 5823 Views 0 comment Print

Learn about the MCA notice for non-compliance with cost records under Section 148 of the Companies Act 2013, and discover solutions for directors, including appointing a Cost Accountant, maintaining accurate records, rectifying non-compliance, seeking professional advice, and timely communication with the MCA to avoid penalties and legal consequences.

Directors Responsibility For Maintenance of Cost Records

March 17, 2023 7488 Views 1 comment Print

Section 148 and Section 134 of the Companies Act 2013 both deal with responsibility of directors regarding the maintenance of cost records.

Role of inventory management control in cost accounting

March 7, 2023 4875 Views 1 comment Print

Discover the crucial role of inventory management control in cost accounting. Learn how it optimizes inventory levels, reduces costs, and boosts profitability.

Penal provisions for non- compliance of cost audit report

March 6, 2023 17247 Views 0 comment Print

Discover the penal provisions for non-compliance of cost audit reports under Section 148 of the Companies Act, 2013, and ensure timely submission to avoid penalties.

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