1. 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 SATURDAY p.m to 9.00 p.m.
Discussion will be lead by Banking Professional
CMA G NARAYANAN

2. 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

3. 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.

4. 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

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

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

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

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

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

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

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

12. 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

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

14. Thanks
Query plz
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