Discussion will be lead by Banking Professional CMA G NARAYANAN

Slides:

Advertisements

Similar presentations

1 Compliance Requirements November 27, Client registration & KRA requirements Formalities rationalized (agreements, signatures, documents) Availability.

Advertisements

Chapter 6 - Inventory Valuation1 INVENTORY – Chapt 6. p BALANCE SHEET Biggest Asset Inventory  see example How can an inventory item be both raw.

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 1-1 Financial Accounting THIRTEENTH EDITION Williams Haka Bettner Carcello.

I NFLATION A CCOUNTING

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 1-1 Accounting Information for Decision Making Chapter 1.

Fundamentals of Managerial Accounting

Audit Objective, Audit Scope and Audit Process

Chapter 3 Basic Costing. Inventory is also called stock What might the inventory for the following organisations be? What might the inventory for the.

Overview of Applications of Financial Management Supplemental Materials for: Essentials of Corporate Finance (by Ross, Westerfield, & Jordan – Published.

Sanjay Gupta: FCA, DISA, CISA, CRISC Certificate Course on Concurrent Audit of Banks Diligence Reports for Banks Organized by: IASB, ICAI Session By: CA.

Simple Interest And Methods of Payment. * Whenever money is borrowed, the borrower (an individual, organisation or community) pays the lender (a bank.

1 Homologues Group Meeting Slovenia, October 2009 Republika SlovenijaEuropean Union Ljubljana, October 2009 Introduction to IT audits PART II IT.

Copyright © 2009 Pearson Education Canada13-1 Chapter 13 Analyzing and Using FinancialInformation.

© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin 1-1 Financial & Managerial Accounting The Basis for Business Decisions THIRTEENTH EDITION Williams.

McGraw-Hill/Irwin Understanding Business, 7/e © 2005 The McGraw-Hill Companies, Inc., All Rights Reserved NickelsMcHughMcHugh Nickels Cover.

Introduction to Business Chapter 33

Bell Ringer – 4/30/08 1.In regard to banking, what is “earned interest”? 2.Explain the “Rule of 72” 3.Using the Rule of 72, calculate how long it would.

Basic Bank Services Bank account Bank deposits and cheques Electronic funds transfer Bank credit card transactions Debit card transactions 1 © 2013 McGraw-Hill.

Overview of Financial Statement Analysis Chapter I.

Chapter 1 Uses of Accounting information and the Financial Statements.

Azleema Ahmed Deputy Manager Capital Market Development Authority (CMDA)

Chapter 15 Debt and Equity Capital McGraw-Hill/IrwinCopyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.

Managing Market Risk. Board of Directors The Boards defines –Market risk –Management policies –Procedures –Prudential risk limits –Review mechanisms –Reporting.

Basic Costing Homework Recap. Basic Costing Chapter 4 Inventory Classification & Valuation.

Financing and Producing Goods

Credit Risk. Possibility of loss from the failure of loan or debt instrument repayments. Change in the repayment capacity of borrowers or debt instruments.

© The McGraw-Hill Companies, Inc., 2003 McGraw-Hill/Irwin Slide 1-1 ACCOUNTING: Information for Decision Making Chapter 1.

Basic principles of financing. Advances are the major revenue generating activity carried out by the banks. Therefore, this activity demands adequate.

McGraw-Hill/Irwin Understanding Business, 7/e © 2005 The McGraw-Hill Companies, Inc., All Rights Reserved Chapter 1818 Understanding Financial Information.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. 1-1 Chapter One: Accounting: Information for Decision Making.

Accounting. Introduction  What is Accounting?  What is the need for maintaining books of account?  Compulsory maintenance of books of account u/s.44AA.

Chapter 12 Auditing Liquid Assets. Cash Accounts Affected General Checking Accounts Cash Management Accounts Imprest Payroll Accounts.

EXPECTATIONS FROM BRANCH AUDITORS Panel Discussion CA JAGDEESH DHONGDE.

Objective 1.03 Understanding Ethics Needed For Employment In Accounting 1 Objective 1.03 Understanding Ethics.

INTRODUCTION TO FINANCIAL MANAGEMENT Chapter 1. WHAT IS FINANCE? Finance can be defined as science and art of managing money. KEYWORDS FINANCIAL MANAGEMENT.

PRESENTATION TO THE PORTFOLIO COMMITTEE ON COOPERATIVE GOVERNANCE & TRADITIONAL AFFAIRS PRESENTER: MR V MADONSELA 13 NOVEMBER 2012.

CMA R. GOPAL MFM., M.Phil., FCMA Practicing Cost Accountant

Personal Finance.

Cash management and forecasting The relationship between the Ministry of Finance and the Central Bank of Montenegro Marija Popović Branka Rogošić Pavle.

Accounts Receivable, Accounts Payable & Cash

Tutorials Amsterdam Business School

Functional Aspects of MIS

Auditing Information Technology

Basics of financial management Chapter 6

Cash Flow Analysis Chapter #6.

Financial Accounting II Lecture 12

Specialised Branches Pune Branch March 25, 2017.

How Accounting Contributes to the Success of a Business

By CMA R. Gopal MFM., M.Phil., FCMA Practicing Cost Accountant

Installment Loans Canada- Loan Service For Needy of Canada!

PRACTICAL ASPECTS OF STATUTORY BANK BRANCH AUDIT

BANKING SECTOR- OPPORTUNITIES FOR CMAS

A VERY WARM WELCOME TO ALL

By CMA. L. Rajesh B.Com., ACMA., Practicing Cost Accountant

وزارت بهداشت درمان و آموزش پزشكي - دفتر برنامه ريزي منابع مالي و بودجه

By CMA G Kiruthika M.Com., ACMA Practicing Cost Accountant

ICDS CA Subodh V. SHAH.

By CMA R GOPAL MFM M. Phil., FCMA Practicing Cost Accountant

SAP TRM ONLINE TRAINING

Findings of Stock Audit and its uses – Stock audit by external CA firm is one of the important tools of credit monitoring for the bank. Apart from ensuring.

Faculty:- CMA R Gopal MFM M.Phil., FCMA Practicing Cost Accountant

Faculty:- CMA R GOPAL MFM M.Phil., FCMA Practicing Cost Accountant

Inventory Valuation Example

Financial Statements, Tools, and Budgets

Faculty:- CMA R. Gopal MFM, M.Phil., FCMA Practicing Cost Accountant

AMIT BACCHAWAT TRAINING FORUM

mSCOA Fund Segment and the effect on budgeting

Basic Accounting Concepts (Text 273 – 280)

Audit of Acquisition Cycle (Chap. 11 A)

CASH MANAGEMENT BEST PRACTICES FOR MUNICIPALITIES

Presentation transcript:

Discussion will be lead by Banking Professional CMA G NARAYANAN The Institute of Cost Accountants of India Erode Chapter Banking Sector—Role of CMA 17TH November 2018----SATURDAY--6.00 p.m to 9.00 p.m. Discussion will be lead by Banking Professional CMA G NARAYANAN

Project and feasibility report Project and feasibility report based on detailed production cost is to be validated by CMA only, as cost is determined by CMA

Monthly stock statement Monthly stock statement produced by borrowers (Cash Credit), to be validated and certified by Practicing Cost Accountant only, as cost accountant are competent to calculate ACTUAL cost of product. So that risk of bad debts will be reduced tangibly.

stock audit Regarding stock audit, of-late fast moving Vs slow moving analysis, FIFO LIFO analysis are not effectively followed. Valuation of FIFO LIFO AND Fast Moving vs Slow Moving can be done by cost accountant effectively Because Cost accountant are competent to calculate cost

WIP, Actual cost of WIP can be analysed and validated by CMA only.

credit worthiness To arrive credit worthiness, is to be certified by CMA only

Concurrent audit Concurrent audit can also be done by cost accountant. So that NPA can be minimised.

cost-benifit analysis Transaction cost, cost-benifit analysis can be done by CMA

right utility Investigating, right utility of funds by the borrower can be ascertained by CMA. Holding and hoarding of funds can be monitored (AML)

Treasury operation – fund management of bank can be monitored by CMA

Non fund based facilities Monitoring of Non fund based facilities can be done by CMA

Specialised certification Specialised certification for conducting of audit should be made compulsory (DISA by CA Institute), UPDATION in computer and information knowledge and skill is must

leakage of income Certification and scrutinising of leakage of income can be done by cost accountant

Thanks Query plz ?????