Services – YSThakar

Services

About The Firm

Gujarat Leading Firm of Cost & Management Accountants

Cost Audit & Compliance

Comprehensive cost audit services ensuring complete compliance with MCA regulations and Cost Accounting Standards.

Verification of production data with source documents and cost records
Identification and validation of manufacturing cost centres
Element-wise cost segregation and detailed analysis
Identification of abnormal costs and exceptional income
Preparation and filing of Cost Audit Report with MCA

Product Costing & Profitability Analysis

Detailed product-wise cost analysis and profitability assessment to support strategic business decisions.

Structured product-wise cost build-up from raw material to finished goods
Direct and indirect cost allocation methodology design
Overhead absorption and variance analysis
Standard costing system design and implementation
Integration with SAP and ERP costing modules

Cost Accounting System Implementation

Design and implementation of structured costing systems aligned with operational and financial requirements

Assessment of existing costing practices and gap analysis
Design of cost centres, cost elements, and allocation bases
CAS (Cost Accounting Standards) aligned system design
SAP FICO / CO module configuration and advisory
Training and handholding for internal finance teams

Internal Audit & IFC

Risk-focused internal audit and Internal Financial Control review for improved governance and compliance.

Risk-based internal audit planning and scoping
Process walkthroughs and control identification
Testing of design and operating effectiveness of controls
Financial and operational control gap reporting
Management letter with prioritised recommendations

GST Audit & Advisory

Professional GST audit and compliance services with process review and advisory support.

GST audit as per applicable provisions and GSTIN requirements
Input Tax Credit (ITC) eligibility review and optimisation
Identification and rectification of GST compliance gaps
Advisory on GST implications for new business transactions
Assistance with GST notices, assessments, and departmental enquiries

MIS Development & Reporting

Development of customized MIS frameworks for effective management reporting and operational monitoring.

Assessment of management information needs and reporting gaps
Design of cost and production MIS templates and dashboards
Key Performance Indicator (KPI) framework development
Inventory and production performance monitoring reports
SAP-based MIS extraction and report design

Inventory & Asset Verification

Physical verification, valuation, and reconciliation of inventory and fixed assets.

Reconciliation of physical stock with system/book records
Fixed asset physical verification and tagging
Identification of obsolete, damaged, or slow-moving inventory
Reconciliation of Fixed Asset Register with GL and physical count
Reporting and recommendations for discrepancies identified

Cost-Benefit Analysis for IPO

Analytical support and cost studies for IPO planning and financial restructuring.

Cost data preparation and validation for DRHP filings
Historical cost trend analysis and forward-looking projections
Cost-benefit analysis for major capital expenditure decisions
Independent validation of production costs and margins
Coordination with merchant bankers and statutory auditors

Maintenance of Cost Records

Systematic cost records maintenance per Section 148 of Companies Act 2013 — ensuring regulatory readiness at all times.