C.A.Final (New) ICWAI FINAL (New)
11269 Points
Joined November 2008
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Cost Accounting Standards |
CAS No |
Title |
Objective |
Useful for |
CAS1(Final) |
Classification of Cost |
For preparation of Cost Statements
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Assessment of excise duty and other taxes, anti-dumping measures, transfer pricing etc. |
CAS2(Final) |
Capacity Determination |
For determination of capacity
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Proper allocation, apportionment and absorption of cost. |
CAS3(Final) |
Overheads |
For Collection, Allocation, Apportionment and Absorption of overheads
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Determining Cost of products, services or activities |
CAS4(Final) |
Cost of Production for Captive Consumption |
To determine the assessable value of excisable goods used for captive consumption.
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Determining Cost of products, services or activities |
CAS5(Final) |
Average (equalized) Cost of Transportation |
To determine averaged/equalized transportation cost |
Calculating the amount of deduction from assessable value of excisable goods, freight subsidy, Insurance claim valuation, etc |
CAS6(Final) |
Material Cost |
To bring uniformity and consistency in the principles and methods of determining the material cost with reasonable accuracy in an economically feasible manner. |
Applicable to all cost statements which require measurement, assignment, classification and presentation of material costs. To be followed in all cost statements requiring assurance including attestation. |
CAS8(Draft) |
Employee Cost |
To bring uniformity and consistency in the principles and methods of determining the Employee cost with reasonable accuracy. |
Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Employee cost including those requiring attestation |
CAS9(Draft) |
Cost of Utilities |
To bring uniformity and consistency in the principles and methods of determining the Cost of Utilities with reasonable accuracy. |
Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Cost of Utilities including those requiring attestation |
CAS11(Draft |
Direct Expenses |
To bring uniformity and consistency in the principles and methods of determining the Direct Expenses with reasonable accuracy. |
Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Direct Expenses including those requiring attestation |
CAS12(Draft |
Packing Material Cost |
To bring uniformity and consistency in the principles and methods of determining the Packing Material Cost with reasonable accuracy. |
Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Packing Material Cost including those requiring attestation |
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