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Cost Accounting Standards

CAS No

Title

Objective

CAS1(Final)

Classification of
Cost

For preparation of Cost


Statements

CAS2(Final)

Capacity
Determination

CAS3(Final)

Overheads

Revised
CAS3(Exposure
Draft)

Overheads

CAS4(Final)

Cost of
Production for
Captive
Consumption

CAS5(Final)

Average
(equalized) Cost
of
Transportation

CAS6(Final)

Material Cost

Useful for
Assessment of excise duty and other taxes,
anti-dumping measures, transfer pricing etc.

For determination of capacity Proper allocation, apportionment and absorption


of cost.
For Collection, Allocation,
Apportionment and Absorption
of overheads
To bring uniformity and
consistency in the principles
and methods of determining the
Overheads with reasonable
accuracy.

Determining Cost of products, services or


activities

Determining the Overheads with reasonable


accuracy.

To determine the assessable


value of excisable goods used
for captive consumption.

Determining Cost of products, services or


activities

To determine
averaged/equalized
transportation cost

Calculating the amount of deduction from


assessable value of excisable goods, freight
subsidy, Insurance claim valuation, etc

To bring uniformity and


Applicable to all cost statements which require
consistency in the principles
measurement, assignment, classification and
and methods of determining the
presentation of material costs. To be followed in
material cost with reasonable
all cost statements requiring assurance
accuracy in an economically
including attestation.
feasible manner.

CAS7(Final)

To bring uniformity and


Applicable to cost statements which require
consistency in the principles
classification, measurement, assignment,
Employee Cost and methods of determining the presentation and disclosure of Employee cost
Employee cost with reasonable
including those requiring attestation
accuracy.

CAS8(Final)

To bring uniformity and


Applicable to cost statements which require
consistency in the principles
classification, measurement, assignment,
Cost of Utilities and methods of determining the presentation and disclosure of Cost of Utilities
Cost of Utilities with reasonable
including those requiring attestation
accuracy.

To bring uniformity and


Applicable to cost statements which
consistency in the
require classification, measurement,
Packing Material principles and methods of
CAS9(Final)
assignment, presentation and disclosure
Cost
determining the Packing
of Packing Material Cost including
Material Cost with
those requiring attestation
reasonable accuracy.
To bring uniformity and Applicable to cost statements which
CAS10(Final) Direct Expenses
consistency in the
require classification, measurement,
principles and methods of assignment, presentation and disclosure
Suresh Prasad

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determining the Direct


Expenses with reasonable
accuracy.
CAS11 (Final)

CAS12 (Final)

CAS13 (Final)

Suresh Prasad

of Direct Expenses including those


requiring attestation

To bring uniformity and


Applicable to cost statements which require
consistency in the principles
Administrative
classification, measurement, assignment,
and methods of determining the
presentation and disclosure of Administrative
Overheads
Administrative Overheads with
Overheads including those requiring attestation
reasonable accuracy.

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

To bring uniformity and


Applicable to the preparation and presentation
consistency in the principles of cost statements, which require classification,
Cost of Service
and methods of determining the
measurement and assignment of Cost of
Cost Centre
Cost of Service Cost Centre
Service Cost Centre, including those requiring
with reasonable accuracy.
attestation