Cost accountants work in manufacturing units and management consultancies. Cost accountants take care of journal entries, monthly accounts process, quarterly accounts reports, do inventory analysis, increase the cash flow, calculate the depreciation, generate PPV reports, review the general ledger, analyse the cost of raw materials, control overheads and do a cost-benefit analysis. The skills of…
The CSR expenses are eligible for claiming tax exemption. The CSR activities are in section 37(1) of the income tax act. The assessed is a domestic company with production units and distribution channels for aerated and non-aerated beverages. The assessed is criticised for six types of issues. The first issue is the disallowance of fees,…
Companies use accounting software to check the audit. The software records the data, and it is essential to document the timely changes made to the data. The audit trail is for companies with software backup. Previously it is said by MCA that in a small business, where the accounting and other data are maintained manually…
RR Academy provides online and offline coaching for CA, CMA and ACS courses. Teaching is a noble profession. The teaching profession requires experience and the right approach to understand the students. All the students with professional qualifications do not prefer to become a professional. Only candidates with interest become faculty. Professional courses require skill-based and…
The abbreviation ICAI is the common term for chartered accountants and cost accountants. The expansion sounds like the Institute of chartered accountants of India for CA. The expansion is the Institute of cost accountants of India for cost accountants. It is mentioned as ICMAI on the website. The ICAI trademark is leading to confusion. Public…
Performance at the school level gets more appreciation than performance at the university level. The school toppers and state-level toppers become the centre of attraction. College toppers and university toppers are not in the limelight. In professional education, the all-India rank is to encourage the students. At the foundation level, students struggled a lot to…
The recent news from Maruti Suzuki is that the price of Maruti cars will increase from April 2023. The reason for this price rise is cost pressure. The price increases because of demand, cost and inflation. As CMA students read about cost reduction, budget, and market research, they understand this recent news better. Cost strategies…
The rule of ICAI states that a CA in practice and CA in service has professional differences. A CA doing independent practice face professional misconduct if he serves as a member of a company board. A chartered accountant in practice should get general and special permission for different events in his professional journey. The blog…
