Guide to Cost Accounting Records & Cost Audit Under Companies (Cost Records and Audit) Rules 2014

A COMPREHENSIVE AND ILLUSTRATIVE GUIDE WITH PRACTICAL EXAMPLES TO COMPANIES (COST RECORDS AND AUDIT) RULES, 214,COST ACCOUNTING STANDARDS AND COST AUDITING STANDARDSCOVERINGA comprehensive Clause-wise explanation and interpretation of the Companies (Cost Records and Audit) Rules, 214 with clarifications issued by the Ministry of Corporate Affairs and the Institute of Cost Accountants of India.Applicability of the provisions of cost accounting records and cost audit for different products/services.Explanation of the Cost Accounting Standards in a tabular form showing treatment of various cost elements under individual Standards and GACAP.Cost audit report, cost audit programme and step-wise guidance for preparation of cost audit report with practical case study and data. Contains detailed guidance of each element of the cost audit report with formula.Appointment procedure of a cost auditor under the revised scheme along with step-wise instruction for filing of Form CRA-2.A detailed case study starting from the financial accounts; building up of cost accounting records in a multi-product, multi-unit manufacturing company; preparation of cost audit report and compliance report; and reconciliation statement.Chapter on XBRL explains the terminology and structure of costing taxonomy together with guidance for filing of cost audit report in XBRL mode.Significant aspects of the Performance Appraisal Report.