Costing Department

To ensure that costs for the company’s products and services are allocated according to corporate procedures and in compliance financial accounting standards.
Oversees the cost control systems, manages and interprets cost audits, and prepares cost accounting reports for presentation to top management.
Ensure that there is accurate recording of expenditure in the appropriate journals and ledgers
Performing monthly stock valuation for Raw material, Work in Process, Finished Goods.
Preparing monthly report of contribution per unit for top management.
Reporting top management with month wise and product wise cost price showing relative inflationary/deflationary impact on product costs.
Provide assistance to the organization in preparing budget process by encouraging the budget holders to submit budgets at the expected time
Performing Variance Analysis and Defining Responsibility for Variances
Preparing monthly quantitative stock reconciliation to justify material consumption in financials
Conducting Monthly Stock take for Various Types of Stocks Using Different Audit Techniques.

Accounts Department

Establishes financial status by developing and implementing systems for collecting, analyzing, verifying, and reporting financial information, and managing accounting staff.
Preparation of monthly Financial Statements for the top Management and intrepreting the direction of company with respect to anylsis of key performance indicators.
Achieves accounting operational objectives by contributing accounting information and recommendations to strategic plans and reviews; preparing and completing action plans; implementing production, productivity, quality, and customer-service standards; resolving problems; completing audits; identifying trends; determining system improvements; and implementing change.
Meets accounting financial objectives by forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances, and initiating corrective actions.
Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; and preparing special reports.
Maintains accounting controls by establishing a chart of accounts and defining accounting policies and procedures.
Guides other departments by researching and interpreting accounting policy and applying observations and recommendations to operational issues.
Avoids legal challenges by understanding current and proposed legislation, enforcing accounting regulations, and recommending new procedures.
Updates job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in
professional organizations.
Interacted with MIS & Finance Manager during ERP system implementation process, capitalize on this knowledge to better reveal system user friendliness.
Inventorization of Landed cost relating to imported raw materials and managing its consumption.
Accomplishes accounting and organization mission by completing related results as needed.
Other Assigned Duties

Providing top Management a monthwise Ratios Analysis with Interpretation of the same and developing a direction for the Organization.
For the Sake for Cost Leader Strategy a competitor Analysis is done to look for any cost reduction as compared to competitors in Industry.
Budgeting (For Control Purposes)
Communicating banks about financial health of company.
Forecasting (Cost/Benefit Analysis).
Preparation of Forecasted Financial Statements for Lenders(Banks) for pursual of Fixed Assets purchase or othwerwise monthly requirement.