Release of Cost Accounting Standard 13

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

For Collection, Allocation, Apportionment and Absorption of overheads
 

Determining Cost of products, services or activities

Revised CAS3(Exposure Draft)

Overheads

To bring uniformity and consistency in the principles and methods of determining the Overheads with reasonable accuracy.
 

Determining the Overheads with reasonable accuracy.

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.

CAS7(Final)

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

CAS8(Final)

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

CAS9(Final)

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

CAS10(Final)

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

CAS11 (Final)

Administrative Overheads

To bring uniformity and consistency in the principles and methods of determining the Administrative Overheads with reasonable accuracy.

Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Administrative Overheads including those requiring attestation

CAS12 (Final)

Repairs And Maintenance Cost

To bring uniformity and consistency in the principles and methods of determining the Repairs and Maintenance Cost with reasonable accuracy.

Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Repairs and Maintenance Cost including those requiring attestation

CAS13 (Final)

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.

Applicable to the preparation and presentation of cost statements, which require classification, measurement and assignment of Cost of Service Cost Centre, including those requiring attestation