Pharmaceutical cost accounting compliance report requires cost accountant certification and detailed proformas for production, costs and reconciliation. Form B requires the appointed cost accountant to certify whether full information was obtained and whether proper cost records for the pharmaceutical company have been maintained to show true cost of production, cost of sales and margins; to report on unit wise and product/activity wise cost statements, conformity with Companies Act requirements and applicable cost accounting principles and standards, and to note material deficiencies or suggestions. The Annexure prescribes Proformas A-I and schedules for detailed quantitative data, cost of production and sales, allocation and apportionment of expenses, reconciliation with financial accounts, and process specific disclosures for fermentation and chemical processes.
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Pharmaceutical cost accounting compliance report requires cost accountant certification and detailed proformas for production, costs and reconciliation.
Form B requires the appointed cost accountant to certify whether full information was obtained and whether proper cost records for the pharmaceutical company have been maintained to show true cost of production, cost of sales and margins; to report on unit wise and product/activity wise cost statements, conformity with Companies Act requirements and applicable cost accounting principles and standards, and to note material deficiencies or suggestions. The Annexure prescribes Proformas A-I and schedules for detailed quantitative data, cost of production and sales, allocation and apportionment of expenses, reconciliation with financial accounts, and process specific disclosures for fermentation and chemical processes.
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