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BISWAJIT KUMAR SHAW

BISWAJIT KUMAR SHAW (Querist)
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20 October 2010 What inportance of Cost accountant in our accounting system .

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 October 2010 A cost accountant specialises in navigating managerial decisions, stabilising budgets and standards, assessing operational efficiency and the effectiveness of production and service management, identifying accountability for profit variance. His responsibilities include: designing and implementing effective management information and control systems, planning costing systems and methods, inventory control incorporating mathematical models, investment analysis, project management, internal audit, cost audit, diagnosis in the case of sick industries, fund management, pricing planning, interpreting information and data related to business activities and translating them in such a way as to guide the core management into taking the right decisions.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 October 2010 For more details see following link-----

https://www.icwai.org/icwai/docs/Student-Faq.pdf

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