Costing Projects | Management Reports | Budgeting
Nowadays, businesses are getting more complex in character while functioning under cutthroat competition. Hence, only financial results and financial position of a business for a given period of time and on the last date of such a given period respectively cannot alone furnish all kinds of information that are necessary for effective decision making of business operations to outperform the competition. In this scenario, Cost Accounting is highly useful for controlling the operations of the business with a view to increasing efficiency and reducing expenses and hence increasing profits.
Cost accounting helps in:
*Knowing/Determining the Cost,
*Exercising Proper Control over Cost,
*Formulating Cost Management Policies,
*Fixing the Desired Selling Price over the Total Costs,
*Maximizing the Output and Profit,
*Forecasting and helping in other operational decisions like Make or Buy Decision.
Being a globally recognized and qualified professional cost & Management accountant, I can offer the best of my services in all of these areas of cost accounting with your satisfaction at the top.
Apart from these, I can also provide up to the mark services in the following areas:
* To perform ABC Costing, Marginal Costing, Activity Based Costing, Relevant Costing, Process Costing, Job Order Costing, Batch Costing as the need may be.
* To prepare optimal production plan where there is a limiting factor (i-e; material, labor, machine time)
* To perform cost audits and preparing reports in the required format
* To make estimates of new or proposed products’ costs
* To maintain Cost Accounting System
* To reconcile finished goods inventories’ costs
* To prepare (monthly, quarterly and annual) cost forecasts
* Based on last year/period data, to prepare a budget for the next year/period.