Cost Accounting Standards in effect from April 1

From April 1 Cost Accounting Standards to come into effect

Ten cost accounting standards have been formulated, six of them are mandatory, which will come into effect from April 1 and three more are likely to be added, according to Mr K. Narasimha Murthy, Director of IDBI and LIC Housing Finance.

He was delivering the key-note address at a seminar on ‘Effective corporate environment — best practices for costing,’ organised by the Institute of Cost and Works Accountants, Visakhapatnam chapter.

source >>> www.forum4finance.com

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Guneet Kaur

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