The document outlines the responsibilities of a management information systems department, including preparing profitability statements, analyzing slow-moving inventory, reconciling physical and system stock counts, and comparing actual expenses to budgets. It also discusses responsibilities related to costing, such as standard and actual product costing, overhead distribution, product profitability analysis, and cost center expense analysis. Additional areas of responsibility include fixed asset accounting, budget preparation and monitoring, project feasibility studies, captive consumption analysis, statutory compliance, and ERP system implementation and report development.

1. MIS:
 Preparation of half yearly business unit wise profitability statement.
 Slow Moving Inventory & reason wise analysis.
 Physical stock verification with system stock & vice a versa, reason wise analysis.
 Analysisactual expenseswithbudgetedexpenses & expenses up to the period for last year.
 Standard vs. actual variance analysis for raw material & packing material consumption.
Costing:
 Actual & standard product costing for pricing of final products.
 Primary & Secondary distribution of overheads & compute LHR & MHR.
 Product - wise profitability working for price negotiations with customer.
 Analysis of cost center wise expenses for accuracy of cost center booking & variances as
compare to previous period.
 Analysisof abnormalities in routing times in products & reporting same to the engineering
dept.
 Marginal costing for make or buy decision, decision making for business expansion & for
negotiations with customer for exchange rate fluctuations.
Fixed asset accounting:
 Confirmation of date of commissioning of the asset & accounting of asset addition.
 Accounting of the asset sold for assets discarded during the year.
 Define the life of the asset as per New Companies Act, allot work center as well as cost
center number to the particular asset
 Update shiftsdata forproductioncostcenters, monitoring the depreciation computation as
per ERP.
Budgeting:
 Preparation of monthly capital expenditure budget.
 Analysisof currentmonthbudgetwithpreviousmonthaswell aslast year budgeted figures.
 Revenue expensesbudgetmonitoring,analysisof budgetedexpenses with last years figures
as well as previous month figures.
Project feasibilitystudy:
 Revenue estimation based on target prices available in the market.
 Material cost estimation based on quotations received from vendors.
 Conversion cost estimation based on machine specification & capacity.
 Selling & distribution cost estimation.
 Inflation working for future years of project.
 Computation of IRR.
 Provide information to Top Management regarding feasibility for decision making.
Captive consumptionworking:
 Ascertainment of assessable value of products captive transfers.
 Comparison of Captive Transfer rates with actual CAS 4 rates.
 Development of various reports in the ERP for CAS-4 preparation.
Statutory Compliance:
 Raw material consumptions for finish products for Cost Audit purpose.
 Quantitative details of Production & Sales Turnover for Cost Audit Report.
 Preparation of product segment wise profitability for Annexure of Cost Audit Report.
 Preparation of Annexure to the Cost Audit Report.
 Product wise sales turnover computation of segment wise profitability.
 Dealing with statutory auditors for inventory valuation process.
ERP Implantation:

2.  Developmentof cost center structure for various Nashik plant as well as Pithampur plant &
create awareness about the cost centers within ERP users.
 Costing system implantation & logic development for distribution of expenses & costing
reports.
 Development of various reports of inventory valuation - material cost, conversion cost, FG
valuation, WIP valuation & NRV comparison report.