Tuesday, August 29, 2006

The broader sketch of areas in which u can find cost accountants are engaged.

This should primarily contain each practising members area ofoperations classified as One major area and other area based onrevenue generation or clientele.This would focus the institute on marketing services of CostAccountants.The PCAs need not be asked to divulge clientele or revenueinformation but simply a self declaration as to the activities.The areas under coverage should be broadly:
1.Maintenance of Books accounts(Including Cost accounts wherenecessary).
2.Engaged in Establishment and design(customisation)of Accounts(Financial as well as Cost accounts).
3.Internal Audit(Including design and certification).
4.Rendering Accounting services for non-corporates.
5.Engaged in Consultancy services relating to various Tax laws forbusiness.
6.Acting as Authorised representatives under the provisions ofvarious laws(Taxation and others)
7.Rendering Management Consultancy.
8.Engaged In Statutory Cost Audit.
9.Engaged in Attest Functions under VAT and Central Excise andCustoms Acts.
10.Engaged in rendering Financial services(Brokering,Portfoliomanagement.
Any Other Services if that is what the Practising CA is engaged in.
This would finally help in pooling resources of expertise to pass onto the next breed of Cost accountants in the make.I think council members will make this concscious decision soonerthan later.
In addition they can be engaged as consultants in Project management ,Specific assignments from Governments etc

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