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Tips for Internal Audit for scrap metal and other materials from different sections of manufacturing unit

February 13, 2024 5406 Views 0 comment Print

Learn how to conduct an internal audit on scrap metal and materials, ensuring compliance, efficiency, and accuracy with a comprehensive checklist.

SAP Implementation: Unlocking Business Potential with Key Modules

January 24, 2024 1092 Views 0 comment Print

Discover the compelling reasons for SAP implementation. From streamlining processes to global standardization, explore how SAP enhances efficiency and compliance.

Applicability of Cost Audit & Maintenance of Cost Records in Construction Industry

May 3, 2023 182994 Views 2 comments Print

Understand the applicability of Cost Audit and Maintenance of Cost Records in the Construction Industry. Learn about rules, coverage, turnover criteria, and the duties of companies for appointment of cost auditors. Explore different Construction Project Models like PPP, Real Estate Development, and EPC Contracting. Consequences of non-compliance and steps required for maintaining cost records. Expert insights shared by Guruprakash N. Bhambore, Secretary-The Bombay Commodity Association Ltd.

Price Driven Costing a Tool with Cost Accountants (Cost Reduction through Value Engineering )

February 18, 2023 1881 Views 1 comment Print

Price driven costing tools with value engineering can help reduce costs for MSMEs in India. Find out what value analysis can do for cost accountants.

Need of Cost & Management Accounting & Role in providing healthcare services at affordable prices

January 9, 2023 2727 Views 0 comment Print

Discover the crucial role of Cost & Management Accounting in delivering affordable and quality healthcare services. Uncover the need for cost reform in the healthcare sector, exploring the challenges and benefits. Explore the impact of India’s largest health insurance scheme, ABPM-JAY, and the importance of effective cost management in achieving equitable healthcare for all.

Costing Lens provide check functions on use of Poor Quality material in Manufacturing Concern

December 8, 2022 1797 Views 3 comments Print

Explore how Costing Lens in Internal Audit can prevent fraud related to the use of poor-quality material in the manufacturing sector. Discover key checks, including input-output ratios, wastage/scrap ratios, process time analysis, and machine efficiency impact. Learn how to identify and address quality-related challenges to optimize efficiency and reduce costs.

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