List of Cost Accounting Standards proposed to be developed

A.

COMPONENTS OF COST:

1.

Materials.

2.

Salaries and Wages.

3.

Direct Expenses.

4.

Transportation cost.

5.

Utilities.

6.

Service Department Expenses.

7.

Repairs and Maintenance.

8.

Cost of Packing-Primary & Secondary.

9.

Production / Operation Overheads (CAS – 3).

10.

Pollution Control Expenses.

11.

Administrative Overheads (CAS – 3).

12.

Head / Corporate Office Overheads (CAS – 3).

13.

Selling Overheads.

14.

Distribution Overheads (CAS – 3).

15.

Depreciation.

16.

Amortization.

17.

Royalty, Technical Know how and Intellectual Property Charges.

18.

Research and Development Expenses.

19.

Quality Control Expenses.

20.

Interest and Borrowing Cost.

21.

Treatment of Revenue for Cost Statements.

(Including treatment of Government Grants, subsidies and incentives in Cost Accounts)

B. COST ACCOUNTING METHODOLOGY AND PROCEDURES:

22.

Classification of Cost (CAS – 1).

23.

Presentation of the Cost Statements.

24.

Identification and Recognition of Cost Centres.

25.

Capacity Determination (CAS – 2).

26.

Valuation of Captive Consumption (CAS – 4).

27.

Stock Valuation.

28.

Cost Variances.

29.

Cost of Conversion.

30.

Determination of Arm's Length Price (CAS – 6).

31.

Joint Product and By-product Cost (CAS – 7).

32.

Determination of Average Transportation Cost (CAS – 5).

33.

Reconciliation of Cost and Financial Statements.

34.

Shared Services Cost including outsourcing.

35.

Profit Centres and Reportable Segments under Cost Reporting.

36.

Return on Capital Employed.

37.

Predatory Pricing.

38.

Non-cost Income and Expenses.

39.

Capital Assets manufactured in house.