Cost & Management Accountancy
Cost and Management Accountancy  aims to maximize profit by managing Revenues and Expenses. It provides data and reports used by managers to inform their strategies around long-term profit and growth.
In Cost & Management Accountancy, we perform services like Costing, Pricing of goods and services, prepares, Verifies or Certifies Cost Accounting, and prepares related statements. Our main job is analysing the Cost and to devise ways to reduce it. Apart from this we are also expected to evaluate operating efficiency and effectiveness of production and service management in different departments of an Organization. A Cost & Management Accountant is the first whistle-blower, who alerts the Management on issues of purchase price, inventory, human costs and related issues. He is also an Efficiency Auditor so that the company saves money and time in manufacturing and distribution operations.
A Cost & Management Accountant is a advisor on profitable product mix, identify business risks and ensure mitigation.
Now, the Govt of India has also entrusted the Cost & Management Accountants for handling GST, as well, in the area of Business Advisory Services, Procedural Compliance, Transitional Partner, Representation under Dispute Resolution post GST , Audit & Assurance, Systems Audit and Systems Development to be GST compliant, Accounting and IT Infrastructure and Training to the Corporate World / all Business Sectors.
Perhaps the greatest benefit of implementing Cost Accounting is its ability to reduce costs and improve cost-efficiency without reducing the level of production. It can streamline processes to help identify waste factors, such as wasted time or surplus resources.
At Way Out Consultancy, we provide you the following services. Please feel free to reach out to us so that we can help your organization Grow:
- Maximization of profits by managing the revenues and expenses.
- Provides data and reports for the use of managers to form their strategies around long-term profit and growth.
- Takes an analytical approach towards reducing the costs in a reasonable manner in order to make good profits.
- Submit reports on the costs of the organization and advise them on taking the right steps forward to make profits.
- Conducts Cost Audit u/s 148 of the Companies Act, 2013
- Ascertainment of True Cost of Production
- Installation of Costing System and Maintenance of Cost Records
- Implementation of Strategic Cost Management through Standard Costing & Marginal Costing Technique
- Consultancy for improving operating efficiency
- Conversion of Audit Report into XBRL Mode
For placing your requirement, please click here
For making payment online, please click here
