Faculty:- CMA R. Gopal MFM, M.Phil., FCMA Practicing Cost Accountant

1. The Institute of Cost Accountants of IndiaErode ChapterCost Audit & XBRL02.03.2019-Saturday - Time 6-9 pm. Faculty:- CMA R. Gopal MFM, M.Phil., FCMA Practicing Cost Accountant

2. GENERAL INFORMATION • Corporate identity number, Name of company, Address, • Email • Current financial year • First previous financial year • Level of rounding, Reporting currency, Number of cost auditor, Date of board of directors' meeting • report has been qualified or has any reservations or contains adverse remarks Consolidated qualifications • observations or suggestions • Explanation of company • related party transactions

3. Particulars of cost auditor • Whether cost auditor is lead auditor • Category of cost auditor • Firm's registration number • Name of cost auditor or cost auditors firm • PAN, Address, Email id Membership number • Name of member signing report • Name of product or industry • SRN number of form CRA-2 • Number of audit committee meeting • Date and place of signing cost audit

4. Disclosure of cost auditors qualifications or adverse remarks in cost auditors report • Disclosure regarding audit of cost records in conformity with Cost Auditing Standards • Disclosure relating to availability of information and explanation for purpose of cost audit • Disclosure relating to maintenance of cost records as per rule 5 of the companies cost records and audit rules 2014 • Disclosure relating to availability of cost records of branches not visited • Disclosure regarding availability of information as per companies act 2013 • Disclosure relating to adequacy of internal audit of cost records • Disclosure relating to true and fair view of cost of production or service cost of sales margin and other information • Disclosure relating to availability of audited and certified cost statements and schedules for each unit and each product or service • Cost auditors observations or suggestions

5. Cost accounting policy • Cost accounting policy • Disclosure regarding identification of cost centres, cost objects • and cost drivers • Disclosure regarding accounting for material cost including • packing materials, stores and spares, employee cost, utilities and • other relevant cost components • Disclosure regarding accounting, allocation and absorption of • Overheads • Disclosure regarding accounting for depreciation or amortization • Disclosure regarding accounting for by products, joint products • and scraps or wastage • Disclosure regarding basis of inventory valuation • Disclosure regarding valuation of inter unit or inter company and • related party transaction • Disclosure regarding treatment of abnormal and non-recurring • costs including classification of non-cost items

6. Product Group Details • Name of product or service • CETA Sub heading of CETA UOM • Whether previous year figures are reported • Details for not reporting previous year figures • Net operational revenue of current year and previous year • Other operating incomes of company • Other incomes of company • Extraordinary income • Turnover as per excise or service tax records

7. Quantitative Information • For current year and previous year • Installed capacity • Capacity enhanced, Capacity available • Self manufactured, lease, • Production as per excise records • Domestic purchase Imports • Change in stock of finished goods • Other qty adjustments (WASTAGES etc.) • Domestic sales / services trading • Export • notes

8. RAW MATERIAL - current year & previous year Name CETA SUB CETA Nature UOM Quantity Rate Cost of material

9. UTILITY Current Year and previous year • Description • Unit • Quantity • Rate • cost

10. INDUSTRY SPECIFIC COST • previous year and current year data • Description • Cost • TEXT

11. Abridged Cost Statement • Cost of process materials, Cost of direct employees • Cost of direct expenses, Cost of stores and spares • Cost of repairs and maintenance • quality control packing (primary & secondary) • Cost of research and development • Cost of technical knowhow, depreciation, • other production overheads WIP Credit for recoveries • Cost of FG purchased self or captive • Administrative selling interest • MARGIN SALES VALUE

12. Profit reconciliation (for the company as a whole) • PREVIOUS YEAR AND CURRENT YEAR • Profit or loss as per cost accounting records • Profit (loss) for audited product or services • Profit (loss) for unaudited product or services • Name of incomes not considered in cost accounts • Expenses not considered in cost accounts • Difference in stock valuation as per cost and financial • Other adjustments • Profit (loss) as per financial accounts • Notes to profit reconciliation

13. Value addition and distribution of earnings • Company as a whole previous year and current year • Earnings available for distribution • Gross revenue, Export incentives Other incomes • Bought out items • salaries, wages, dividend Funds retained taxes • Extra Ordinary Expences • Other distribution of earnings

14. Financial position and ratio analysis • Share capital Reserves and surplus Long-term borrowings • Fixed assets net working capital • Capital employed Net worth • Financial performance of the company • Profitability ratios of the company • Other financial ratios of the company • Working capital ratios of the company

15. Related Party Transactions • Name of related party • Name of product • Nature • Code • CIN • PAN • AGFREGATE QUANTITY • QGGREGATE PRICE • AVERAGE PRICE • Basis adopted • OTHER BASIS

16. Reconciliation Of Indirect Taxes • Assesable Value • Excise duty • Service tax • Cess and others • Value added tax

17. Thanks • Query plz • ?????