Brief Overview of Qualified CA and CS Vibhor Kapoor

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Brief Overview of Qualified CA and CS Vibhor Kapoor

Click to know more about CA cum CS Vibhor Kapoor

ERP Key Business Processes

Identification and physical verification

Identification of Costing System

Identification of manufacturing process flow through production centers

Identification of cost centers/cost objects and cost drivers

Verifying Actual Capacity of Plant

Verifying Plant and Machinery

Activity Based Costing

Identifying Statistical Key Figure

Identifying nexus between Logistics Warehouse and Accounting

Verifying Status of Open, Start and Technically Closed Purchase, Production, Work, Sales Order

Verifying System of Periodic Productivity and Saving to closely monitor Project Cost

Verifying System of Idleness Cost

Verify Multi-Level Bill of Material with Actual Line, Job, Assembly, Discrete and Repetitive Schedules

Verifying Routings and Cycle Time

Verifying System of Utilities Cost with the objective to cost split to Product

Verifying System of Periodic Closing for Production Order, Work Order, Process Order, Sales Order

Verifying Cost Classification system for arriving Cost of Goods Manufactured FG and SFG

ERP Key Cost Components for computing Material Consumption

Bill of Material Structure

Raw Material, Primary Packing Material, Bought Out Components, Engineering Material, Consumables

Job Work Components, Work Material, Scrap, Defectives, Rejection.

Adjustment of Actual Usage Variance, Price Variance, Rate Variance in BOM

Adjustment of Actual Variable Expenses Usage Variance, Price Variance, Rate Variance in BOM

Material Consumed = Opening Stock (+) Local and Imported Purchase (-) Closing Stock (w/o GIT)

Inventory -Imported has Two GL A/C Inv. Receipt - Imported and Inv.Issue - Imported

Inventory -Local has Two GL A/C Inv. Receipt -Local and Inv.Issue -Local

Computation of Landed Cost of Imported Material

FOB Value = Qty. (X) Rate as Per Bill of Entry

FOB Customs = Fob Value (X) Forex Rate as Per Bill of Entry

FOB Invoice = Fob Value (X) Forex Rate as per Invoice Date

Value of Basic Customs Duty= Assessable Value (X) % of Basic Customs Duty

Assessable Value of Countervailing Duty (CVD) = Assessable Value (+) Value of Basic Customs Duty

Value of Additional Countervailing Duty =Assessable Value of CVD (X) % of Additional CVD

Value of Customs Education Cess = (Value of BCD + Value of Additional CVD )(X) % of Customs ECESS

Value of Customs Higher Education Cess = (Value of BCD + Value of Additional CVD )(X) % of Customs HECESS

Import Value = Assessable Value(+)(Value of BCD + Value of Customs CESS and HECESS)

Value of Additional Duty on Import = (AV(+) BCD (+) CVD (+) CESS + HECESS) (X) % of Additional Import Duty

Clearing and Forwarding Charges, Agency Charges, Insurance, Demurrage, Sea and Local Freight, Handling

Landed Cost = FOB Invoice Value (+) BCD (+) ECess (+) HECesss (+) All Clearing Charges

Value for LP4 = Landed Cost (+) Additional Countervailing Duty (+) Additional Import Duty

ERP Key Cost Components for computing Manufacturing and Other Expenses

Routings, Tasks, Work Centers, and Resources

Classifying Materials in MM

Exploring the Material Classification System

Configuring the material classification system

Working with Master Data

Working with the Vendor Master Data

Working with the Material Master Data

Working with Purchasing Information Records

Working with Source List

Working with Batch Management Data

Understanding Quota Arrangement

Implementing Purchasing Process in the MM Module

Exploring the Purchasing Process

Exploring the Purchase Requisition Phase

Exploring the Request for Quotation Phase

Exploring the Quotation Phase

Exploring the Purchase Order Phase

Exploring Outline Purchase Agreement

Confirming a Vendor

Managing External Services in MM Module

Implementing Consumption Based Planning

Implementing Reorder Point Planning

Implementing Forecast-Basad Planning

Implementing Time-Phased Planning

Working Capital Requirement in terms of Credit Days for Vendors, Suppliers, Material, Manpower , Overheads and Sales

Managing External Services in MM Module

Implementing Consumption Based Planning

Implementing Reorder Point Planning

Implementing Forecast-Basad Planning

Implementing Time-Phased Planning

Implementing the Inventory Management Process in MM

Exploring the Type of Stock

Exploring the Type of Goods Movement

Issuing Goods

Receiving Goods

Returning Goods

Reserving Stock

Transferring Stock

Using Traditional Method of Inventory Management

Implementing the Invoice Verification Process

Working with the standard Method of Invoice Verification

Working With the Evaluated Receipt Settlement Process

Parking an Invoice

Exploring Variance of Invoices

Blocking Invoices

Implementing Inventory Valuation Process in MM

Exploring Valuation Areas

Working with Valuation Method

Configuring The Valuation Process

Configuring The Split Valuation Process

Valuing Inventory In Balance Sheet

Cost Accountant Firm in Delhi Ncr Cost Auditor, Tax Auditor, GST Auditor, CA , CMA, CS, Advocates, Legal Practitioners, Business Analyst, ERP Consultant, Software, Utility and Electrical Engineers, Government Approved Valuers, Builders, Architects with VBA Team in Delhi ncr co Smart panels for energy savings in delhi ncr co | Architects Builders Home Decor Wooden Flooring Artificial Grass in delhi ncr com| Corrugated Pipes in delhi ncr com Construction, Infrastructure, Health care, education sector, Aviation sector and related services|Importer, Exporters and Manufacturing Industries and ERP Consultant and Business Analyst Vijay Mohan Kapoor Cost Accountant in delhi ncr co Costauditorindia www.indelhincr.com

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Lucknow Uttar Pradesh PIN - 226001 India

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+91-7398971404

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