Management Accounting, Cost Accounting, Indian Economy Scenario
Request Expert
ACCOUNTING FOR VALUE ADDITIONS/DEDUCTIONS IN ECONOMIC ACTIVITIES IS THE PRIMARY FOCUS. THIS INCLUDES HIS INTERESTS IN MAKING ACCOUNTING INFORMATION USER FRIENDLY,ENSURING COMPLIANCE WITH LEGAL FORMATS & STANDARDS, ENABLING USER TO REFLECT THE TRUE VALUE OF BUSINESS ENTITIES. THUS, HIS FORMAL TRAINING IN ACCOUNTING, HIS SPECIALISATION AREA, ENABLES HIM TO MAKE, ADHERE, MOULD ACCOUNTING SYSTEMS TO USER'S NEED. HE HAS A FORMAL PROFESSIONAL DEGREE IN ACCOUNTING, EXPERIENCE IN TEACHING ACCOUNTING IN ALL LEVELS TO PROFESSIONAL STUDENTS, AND ALSO CONDUCTING ABOUT 20 CORPORATE EXECUTIVE TRAING PROGRAMS PER YEAR FOR 6 YEARS. ALSO BEEN PART OF TEAM OF INTERNAL AUDI IN COMPANIES, WHICH EXPOSED HIM TO ACTUAL ACCOUNTING SYSTEMS AND THEIR COMPLEXITY. SPECIFICALLY ACCOUNTING SYSTEMS IN INDIAN ORGANISATIONS INCLUDING BPOs, HAS BEEN HIS FORTE OF SPECIALISATION.
COST IS THE MOST CREATIVE ELEMENT IN ACCOUNTING. IT'S A PRIMARY DATA THAT CAN EVOLVE IN THE ACCOUNTANTS INTELLECT, AND ADD VALUE TO THE USER. MODERN COMPETITIVE POSITION HINGES ON THE ABILITY TO IDENTIFY COST IN ACTIVITIES. THIS IS HIS FOCUS AT HEART, MIND AND ACTION. HIS SPECIALISATION IN COST IDENTIFICATION IS RESULT OF HIS ATTITUDE TOWARDS THE CONCEPTS OF COST AND HE IS COMPETENT TO CLARIFY COST IN ANY COMPLEX SOCIO-ECONOMIC-POLITICAL SITUATIONS. HE HAS THE CONFIDENCE OF EXPRESSING THE COST IN PROFIT AND NON-PROFIT ORGANISATIONS/SYSTEMS WITH EQUAL EXPERTISE.
COST ACCOUNTING NEEDS TO BE COMPREHENSIVE ENOUGH TO INCORPORATE ALL DIMENSIONS OF COST AND HIS INSIGHT INTO THE SUBJECT FOR ABOUT 12 YEARS HAS BEEN INTENSIVE. HE WAS NOT ONLY INVOLVED IN PUBLICATIONS ON COSTING BUT ALSO ENGAGED IN EVOLVING CONCEPTS AND HELPING EXECUTIVES TO USE THEM. HE HAS ALSO PROVIDED TRAINING IN COSTING SYSTEMS TO EXECUTIVES IN BIG CORPORATIONS AND BEEN PART OF COST AUDIT TEAMS. COST STRUCTURING IS HIS FOCUS AREA WHICH WOULD ALSO REFLECT THE INPUTS FOR COST CONTROL.
LINKING COSTS TO THE VALUE CREATED IS THE AREA REQUIRED BY USERS. IT WOULD PROVIDE USERS OF ACCOUNTING INFORMATION, INCLUDING CORPORATIONS, A LARGE AREA OF OPERATIVE DECISIONS. THROUGH LATEST TECHNIQUES LIKE ACTIVITY BASED COSTING, BENCHMARKING, LIFE CYCLE COSTING, JUST-IN-TIME COSTING, BALANCE SCORECARD AND TARGET COSTING HE CAN ENGINEER THE COSTS OF DIFFERENT ACTIVITIES WHICH ARE HITHERTO NOT VISIBLE AND ESPECIALLY COSTS IN THE PROCESS OF ECONOMIC DEVELOPMENT, INDIA IS GOING THROUGH. FOR INVESTORS IN INDIAN ECONOMY WOULD REQUIRE COST ANALYSIS IN INDIAN CONTEXT AND HE WOULD BE ABLE TO PROVIDE COST ENGINEERING SYSTEMS TO SUCH USERS.
He has provided consulting to Escorts Equipment Corporation of India Ltd., a pvt. sector company, in establishing cost model to their fabrication unit.....established benchmarking and saved few crores of rupeesCost Audits at Power generating plants-hydroelectric power, ensuring compliance of cost audit provisions in Indian company Law