| Cost Accounting Standards |
| CAS No |
Title |
Objective |
CAS-1
(Revised 2015) |
Classification of Cost |
For preparation of Cost Statements
|
| CAS2 (Revised 2024) |
Capacity Determination |
CASB of ICMAI issues the CAS-2 (Revised 2024) replacing the existing CAS-2 (Revised 2015) for implementation w.e.f. 1st April 2024
|
CAS3
(Revised 2015) |
Production and Operation Overheads |
To bring uniformity and consistency in the principles and methods of determining the Production or Operation Overheads with reasonable accuracy.
|
CAS-4
(Revised 2018)# |
Cost Accounting Standard on Cost of Production / Acquisition / Supply of Goods / Provision of Services |
To determine cost of production or acquisition or supply of goods or provision of services or both.
|
| CAS5 |
Average (equalized) Cost of Transportation |
To determine averaged/equalized transportation cost |
CAS6
(Limited Revision 2017) |
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. |
CAS7
(Limited Revision 2017) |
Employee Cost |
To bring uniformity and consistency in the principles and methods of determining
the Employee cost with reasonable accuracy. |
CAS8
(Limited Revision 2017) |
Cost of Utilities |
To bring uniformity and consistency in the principles and methods of determining
the Cost of Utilities with reasonable accuracy. |
CAS9
(Limited Revision 2017) |
Packing Material Cost |
To bring uniformity and consistency in the principles and methods of determining
the Packing Material Cost with reasonable accuracy. |
CAS10
(Limited Revision 2017) |
Direct Expenses |
To bring uniformity and consistency in the principles and methods of determining
the Direct Expenses with reasonable accuracy. |
CAS11
(Limited Revision 2017) |
Administrative Overheads |
To bring uniformity and consistency in the principles and methods of determining
the Administrative Overheads with reasonable accuracy. |
CAS12
(Limited Revision 2017) |
Repairs And Maintenance Cost |
To bring uniformity and consistency in the principles and methods of determining
the Repairs and Maintenance Cost with reasonable accuracy. |
CAS13
(Limited Revision 2017) |
Cost of Service Cost Centre |
To bring uniformity and consistency in the principles and methods of determining
the Cost of Service Cost Centre with reasonable accuracy. |
CAS14
(Limited Revision 2017) |
Pollution Control Cost |
To bring uniformity and consistency in the principles and methods of determining
the Pollution Control Costs with reasonable accuracy. |
| CAS15 |
Selling and Distribution Overheads |
To bring uniformity and consistency in the principles and methods of determining the Selling and Distribution Overheads with reasonable accuracy. |
CAS16
(Limited Revision 2017) |
Depreciation and Amortisation |
To bring uniformity and consistency in the principles and methods of determining the Depreciation and Amortisation with reasonable accuracy.
|
CAS17
(Limited Revision 2017) |
Interest and Financing Charges. |
To bring uniformity and consistency in the principles ,methods of determining and assigning the Interest and Financing Charges with reasonable accuracy.
|
| CAS18 |
Research and Development Costs |
To bring uniformity and consistency in the principles and methods of determining the Research, and Development Costs with reasonable accuracy and presentation of the same.
|
| CAS19 |
Joint Costs |
To bring uniformity and consistency in the principles and methods of determining the Joint Costs.
|
CAS20
(Limited Revision 2017) |
Royalty and Technical Know-How Fee |
To bring uniformity and consistency in the principles and methods of determining the amount of Royalty and Technical Know-how Fee with reasonable accuracy.
|
CAS21
(Limited Revision 2017) |
Quality Control |
To bring uniformity, consistency in the principles, methods of determining and assigning Quality Control cost with reasonable accuracy.
|
CAS22
(Limited Revision 2017) |
Manufacturing Cost |
To bring uniformity and consistency in the principles and methods of determining the Manufacturing Cost of excisable goods
|
CAS23
(Limited Revision 2024) |
Overburden Removal Cost |
To bring uniformity, consistency in the principles, methods of determining and assigning Overburden Removal Cost with reasonable accuracy. |
CAS24
(Limited Revision 2017) |
Treatment of Revenue in Cost Statements |
To bring uniformity and consistency in the principles and methods for treatment of revenue in cost statements with reasonable accuracy. |
