Role & Responsibilities of Cost Auditor
Role of Cost Auditor In order to perform his work as a cost auditor, a cost auditor should clearly understand his position and also what he is expected to do.…
Finance
Role of Cost Auditor In order to perform his work as a cost auditor, a cost auditor should clearly understand his position and also what he is expected to do.…
Duties of cost auditor The Companies Act, 1956 does not mention duties of a cost auditor clearly. Section 233B(4) states that the cost auditor shall have the same powers and…
A Cost Accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who holds a valid…
Cost Audit means the checking and verification of the cost accountancy books, records, statements, reports and other data related to the cost of a product or service being provided by a business unit.
What is Credit Cards? Credit Cards is defined as a card which can be used to obtain cash, goods or services up to a stipulated credit limit. The supplier is…
What is Venture Capital Financing? In a narrow sense venture capital financing refers to, investment in new and tried enterprises that are lacking a stable record of growth. In a…
What is Factoring? Factoring is a financial technique where a specialized firm (factor) purchases from the clients accounts receivables that result from the sales of goods or services to customers.…
What is Depository? Depository is an organization which holds securities (shares, debentures, bonds etc.) in electronic (also known as ‘book entry’) form, in the same manner as a bank holds…
What is Bought out Deals? A bought deal is an issue of new shares that is purchased by a single underwriter, with the intent of reselling those shares to investors.…
What is Book Building? SEBI guidelines, 1995 defines book building as “A process undertaken by which a demand for the securities proposed to be issued by a body corporate is…