| Serial No. | Title |
|---|---|
| 1. |
| Serial No. | Title |
|---|---|
| 1. |
| 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. |
| CAS 25 | Valuation of Inventory | to bring uniformity and consistency in the principle and method of determining the value of inventory with reasonable accuracy, as on a particular date for reporting in cost / financial statements of the organization. |
CASs (Limited Revision 2017 on account of Ind AS) as recommended by the CASB and approved by the Council of the Institute and the same shall be effective for the cost statements prepared on or after 1st April 2017.
# CAS 4 Revised 2018- To be applicable from 1st March 2019