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A Comprehensive and Illustrative Guide With Practical Examples To cost Accounting Records Rules 2011, Cost Audit Report Rules 2011 and Cost Accounting Standards Covering The genesis and history of cost accounting and cost audit and the background for introduction of principle based cost accounting framework in India. Clause-wise explanation and interpretation of the Cost Accounting Records Rules 2011, Cost Audit Report Rules 2011 and Cost Audit Orders together with clarifications issued by the Ministry of Corporate Affairs and the Institute of Cost Accountants of India. Applicability of the provisions of cost accounting records and cost audit for different products/activities. Explanation of the Cost Accounting Standards 1 to 14 in a tabular form showing treatment of various cost elements under individual Standards and GACAP. Explanation of Product Group and how the same is to be used in reference to the Cost Accounting Records Rules and Cost  Audit Report Rules. Compliance Report —Step wise guidance for preparation of compliance report with practical case study and data. Cost Audit Report —Cost audit programme and step wise guidance for preparation of cost audit report with practical case study and data. Contains detailed guidance of each element of the cost audit report with formula. Appointment procedure of a cost auditor under the revised scheme alongwith step-wise instruction for filing of Form 23C and Form 23D. A detailed case study starting from the financial accounts; building up of cost accounting records in a multi-product, multi-unit manufacturing company; preparation of cost audit report and compliance report; and reconciliation statement. Chapter on XBRL explains the terminology and structure of costing taxonomy together with guidance for filing of cost audit report and compliance report in XBRL mode. Significant aspects of the Performance Appraisal Report. FAQs on various Rules, Orders, Circulars and XBRL. MCA Notifications, Circulars and Clarifications.