Role of the Institute of Cost Accountants of India in cost reporting practices in India

Jansy C. M.; Dr. Sivakumar A

doi:10.66635/nk59hv85

Authors

Jansy C. M. Jansy C. M, Part- time PhD Scholar, PG &Research Department of Commerce and Management Studies, Sree Neelakanta Government Sanskrit College, Pattambi. (Affiliated to Calicut University) &Assistant Professor, PG Department of Commerce Government Arts and Science College Pathirippala, Palakkad, Kerala-678642 Author
Dr. Sivakumar A Dr. Sivakumar A, FCMA, Assistant Professor of Commerce, PG &Research Department of Commerce and Management Studies. Sree Neelakanta Government Sanskrit College, Pattambi (Affiliated to Calicut University), Fellow Member of the Institute of Cost Accountants of India. PhD Guide of Calicut University Author

DOI:

https://doi.org/10.66635/nk59hv85

Keywords:

Role of the Institute of Cost Accountants of India, Cost reporting practices in India, Cost Accounting Standards, Employees of Costing system implementing entities, employees of Costing system non-implementing entities

Abstract

Cost Accounting has a recent origin, especially after the Second World War. The Institute of Cost Accountants of India (ICMAI) is the sole agency in cost reporting practices. In India, the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India are the other regulators. All of the institutes are functioning under the administrative control of the Ministry of Corporate Affairs of the government of India. Here, the researchers have collected both the primary data and the secondary data. From the data analysis using descriptive statistics and inferential statistics, especially one-way ANOVA, the researchers conclude that demographic variables related to employees of cost-system implementing entities. (Sample Size -190) and employees of cost- system non-implementing entities. (Sample Size-194) have a positive impact on their attitude towards different functions of the Institute of Cost Accountants of India.