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