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					                                                Cost Accounting Standards
CAS No      Title                Objective                                       Useful for
CAS1(Final) Classification of    For preparation of Cost Statements              Assessment of excise duty and other taxes, anti-
            Cost                                                                 dumping measures, transfer pricing etc.
CAS2(Final) Capacity             For determination of capacity                   Proper allocation, apportionment and absorption
            Determination                                                        of cost.
CAS3(Final) Overheads            For Collection, Allocation, Apportionment and Determining Cost of products, services or
                                 Absorption of overheads                       activities

CAS4(Final) Cost of Production To determine the assessable value of              Determining Cost of products, services or
            for Captive        excisable goods used for captive                  activities
            Consumption        consumption.

CAS5(Final) Average              To determine averaged/equalized                 Calculating the amount of deduction from
            (equalized) Cost of transportation cost                              assessable value of excisable goods, freight
            Transportation                                                       subsidy, Insurance claim valuation, etc

CAS6(Final) Material Cost        To bring uniformity and consistency in the      Applicable to all cost statements which require
                                 principles and methods of determining the       measurement, assignment, classification and
                                 material cost with reasonable accuracy in an    presentation of material costs. To be followed in
                                 economically feasible manner.                   all cost statements requiring assurance including
                                                                                 attestation.
CAS7(Final) Employee Cost        To bring uniformity and consistency in the      Applicable to cost statements which require
                                 principles and methods of determining the       classification, measurement, assignment,
                                 Employee cost with reasonable accuracy.         presentation and disclosure of Employee cost
                                                                                 including those requiring attestation
CAS8(Final) Cost of Utilities    To bring uniformity and consistency in the      Applicable to cost statements which require
                                 principles and methods of determining the       classification, measurement, assignment,
                                 Cost of Utilities with reasonable accuracy.     presentation and disclosure of Cost of Utilities
                                                                                 including those requiring attestation
CAS9(Final) Packing Material     To bring uniformity and consistency in the       Applicable to cost statements which require
            Cost                 principles and methods of determining the        classification, measurement, assignment,
                                 Packing Material Cost with reasonable            presentation and disclosure of Packing Material
                                 accuracy.                                        Cost including those requiring attestation
CAS10(Final) Direct Expenses     To bring uniformity and consistency in the       Applicable to cost statements which require
                                 principles and methods of determining the Direct classification, measurement, assignment,
                                 Expenses with reasonable accuracy.               presentation and disclosure of Direct Expenses
                                                                                  including those requiring attestation
CAS11       Administrative       To bring uniformity and consistency in the      Applicable to cost statements which require
(Final)     Overheads            principles and methods of determining the       classification, measurement, assignment,
                                 Administrative Overheads with reasonable        presentation and disclosure of Administrative
                                 accuracy.                                       Overheads including those requiring attestation
CAS12       Repairs And      To bring uniformity and consistency in the          Applicable to cost statements which require
(Final)     Maintenance Cost principles and methods of determining the           classification, measurement, assignment,
                                 Repairs and Maintenance Cost with               presentation and disclosure of Repairs and
                                 reasonable accuracy.                            Maintenance Cost including those requiring
                                                                                 attestation

				
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posted:9/3/2012
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Description: accounting
Duong  Kim Hak Duong Kim Hak ceo http://
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